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Commercial Property for sale

Exmouth

Sold STC £500,000

Property Description

Full description

Tenure: Freehold

Description

This is a rare opportunity to purchase a brownfield site within the heart of Exmouth town centre. The property known as the Q Club is situated in Manchester Street just off the Strand being a large public square in the centre of the town.

The proposed development with Planning having been granted in July 2016 is to provide 8 x 2 bedroom and 2 x 3 bed apartments over 4 floors with ground floor garages.

Situation

The property is situated within the heart of Exmouth town centre conveniently located a short walk to the Strand, Magnolia Shopping Centre, the train and bus stations together with a variety of other amenities.

Exmouth is a popular tourist destination approximately 8 miles south of Exeter with a resident population of approximately 32,000. The town offers a range of shops, schools, restaurants and leisure activities along with miles of sandy beaches and access to the Jurassic coastline.
The Cathedral city of Exeter can be easily reached by regular train and bus services. Exeter offers a more comprehensive range of facilities along with access to the M5 motorway an international airport and the main railway line to London.


PLANNING 
The proposed development with Planning having been granted in July 2016 is to provide 8 x 2 bedroom and 2 x 3 bed apartments over 4 floors with ground floor garages.

LOCAL PLANNING AUTHORITY 
East Devon District Council, Knowle, Sidmouth, EX10 8HL. T: 01395 516551. Email: planning@eastdevon.gov.uk

GUIDE PRICE 
Offers are invited for the freehold interest on a conditional or unconditional basis.

VAT 
We understand that the vendor has not opted to tax, therefore VAT will not be payable in addition to the purchase price.

RIGHTS OF WAY, WAYLEAVES & EASEMENTS 
The sale is subject to all rights of support, public and private rights of way, water, light, drainage and other easement, quasi easements, all or any other like rights, whether mentioned in these particulars or not.

SHORT TERM TENANCY 
The Q Club is let by way of a tenancy for a term of 2 years from May 2016 at a rent of £60,000. After 12 months either party can serve 28 days’ notice to break.

FIXTURES & FITTINGS 
The fixtures and fittings are for sale by separate negotiation.

SERVICES 
We understand all main services are available.

VIEWING & FURTHER INFORMATION 
Strictly by appointment through the joint sole agents: Wilkinson Grant & Co The Old City Library, 1 Castle Street, Exeter, EX4 3PT Contact: Dan Wilkinson Tel: 01392 455926 Email: d.wilkinson@wilkinsongrant.co.uk

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