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Retail/Shop

Retail/Shop For Sale Exeter

PROPERTY ID: 139410

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

2,140 sq.ft

Key Features

Mixed use investment
Shop let to Devon Air Ambulance
Two self-contained well presented 2 bedroom flats
Prominent position on main arterial route
Passing rent: £29,240 with potential for rental increase
Potential asset management with rental growth
Guide price: £360,000

Property Details

Mixed Use Investment Opportunity In Busy Retail Parade.

Shop Let To Devon Air Ambulance

Two Self-contained Well Presented 2 Bedroom Flats

Passing Rent: £29,240 With Potential For Rental Increase

Prominent Position On Main Arterial Route

The Property Is Situated On One Of The Main Arterial Roads Into The City Centre In The Heavitree District Of Exeter. This Popular Shopping Area Lies Approximately 1 Mile From The City Centre And Comprises A Mixture Of National And Independent Retailers Including The Co-op Food Store, Sue Ryder, Lloyds Pharmacy, Groomtastic, Tesco Express And The Heavy Tree Café.

The Property Is On A Regular Bus Route To And From The City Centre, And There Are Also Two Short Stay Car Parks Close By.

Exeter Is The County Town And Major Regional Shopping Centre For The County Of Devon And Has A Population Of Approximately 129,000 And Is At The Heart Of A Travel To Work Area Of Over 470,000 Residents And Is Situated Some 80 Miles South West Of Bristol And 40 Miles North West Of Plymouth. Exeter Is Well Served By Transport Communications With Three Junctions To The M5 Motorway And Direct Access To The A30, A38 And A380 Dual Carriageway Linking With Cornwall, Plymouth And Torbay Respectively. Exeter Also Benefits From Two Railway Stations, St David's And Central Providing Regular Connections To London.

The Property Comprises A Three Storey End Terrace Building Providing A Ground Floor Retail Unit Together With Two Self Contained And Separately Accessed Maisonettes Above.

The Ground Floor Shop Has A Sales Area To The Front With Stock Room, Wc And Staff Area To The Rear.

The Two Maisonettes Above Have Two Bedrooms, A Living Room, Kitchen And Bathroom. Both Maisonettes Benefit From Electric Heating And Upvc Windows.

The Freehold Interest, Subject To The Existing Tenancies Is Available At A Guide Price Of £360,000 Providing An Investor With A Net Initial Yield Of 7.82% After Allowing For Purchasers Costs.

Vat Is Chargeable Where Applicable.

Both Parties To Bear Their Own Legal Costs In The Transaction.

An Epcs Are Available For This Property.

Ground Floor Retail: C (63)
Maisonette A: D (61)
Maisonette B: D (65)

See Pdf Details.

Download PDF Brochure
Open map Street View

About the Agent

Stratton Creber Commercial - Exeter

See Agent's Other Properties

Retail Unit

£360,000 Freehold

90 Fore Street, Exeter, EX1 2RR
Retail/Shop - Available
2,140 sq ft
199 sqm
Show phone number

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