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C/o Balliol House, Southernhay Gardens, Exeter, Devon, EX1 1NP

Offers in Excess of
£350,000

Business rates & charges may apply

Vickery Holman, Exeter
SIZE

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SECTOR

High street retail property for sale

Key features

  • Retail investment opportunity
  • Within West quarter of Exeter
  • Prominent street position
  • Good footfall
  • Independent retailer
  • Offers in excess of £350,000 when equates to 7.59% NIY taking purchases costs @3.80%

Description

Investment Sale

Fore Street, Exeter Investment

Location

The property is located on Fore Street which is extremely popular with independent traders and benefits from good footfall all year round. The property is situated in a prominent position on the street with Taunton Leisure, Thomas Moore, Co-Op and The Real McCoy in close proximity.

Description

The property consists of a ground and lower ground floor retail premises currently let to two occupants under two separate leases. The ground floor benefits from a glass frontage and additional storage in the basement. The lower ground floor accommodation leased to the current occupant benefits from a small studio room and further storage adjacent.

Leases

The Ground Floor

The property is currently let to a private individual (who has been in occupation for approx. 6 years) on a 5 year Internal Repairing and Insuring lease dated 1st March 2022 (expiry 1st March 2027) at a passing rent of £10,400 per annum.

Lower Ground Floor

The property is currently let to a private individual (who has been in occupations for 8 years) on a 5 year Internal Repairing and Insuring lease dated 4th April 2022 (expiry 4th April 2027) at a passing rent of £17,160 per annum.

Price

The investment is available at Offers in Excess of £350,000 which equates to 7.59% NIY taking purchasers costs at 3.80%

Brochures

C/o Balliol House, Southernhay Gardens, Exeter, Devon, EX1 1NP

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Exeter Central Station0.4 miles
  • St James Park Station0.6 miles
  • Exeter St. Thomas Station0.7 miles

About Vickery Holman, Exeter

Balliol House Southernhay Gardens, Exeter, EX1 1NP

Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).

Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 21161FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vickery Holman, Exeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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