House · EX20 1HJ
To rentListed 91 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available to lease is this exceptional ground floor premises, occupying one of the most prominent and high-profile positions in Okehampton.
Having served as a bank for well over 100 years, the property retains an abundance of character, featuring impressive high ceilings, ornate mouldings and striking pillars that create a unique and prestigious setting.
Offering versatile accommodation, the premises would suit a wide range of uses, including retail, hospitality or restaurant (subject to any necessary consents).
The rent also includes a substantial cellar, providing valuable storage or ancillary space, with additional upper floors available by separate negotiation.
EPC Rating 89 - D Business Rates Tenants are advised to contact West Devon Borough Council on or visit VAT Is applicable to the rents quoted Lease Terms Lease terms and length are negotiable.
Both sides to pay their own legal expenses.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Lloyds Bank plc, Fore Street, Okehampton
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