122A Fore Street, Exeter, Devon, EX4

Investment Consideration:
Gross Initial Yield: 6.69%
Rental Income: £23,400 p.a.
VAT is applicable to this property
Comprises ground floor public house with ancillary accommodation above
Upper floors benefit from separate access, providing future development potential STTP
Situated on arterial route between Exeter town centre and Exeter St Thomas with nearby occupiers including McColl`s, Merkur Slots, Barbers, Clothing Shop, Restaurants, and more.

Property Description:
Comprises ground floor public house with ancillary accommodation at first, second and third floor which can be accessed either through an internal staircase or by a separate entrance directly from the high street, providing the following accommodation and dimensions:
Ground Floor: 2 bar Sections, play area, wc`s
First Floor: 2 bar sections, office, storage
Second Floor: kitchen, living room
Third Floor: 2 bedrooms, bathroom
Total area size: 398 sq m (4,284 sq ft)

Tenancy:
The property is at present let to an Individual for a term of 3 Years from 26th November 2024 and the lease contains full repairing and insuring covenants. Rent review on 26.05.26 linked to RPI. No breaks. Deposit held of £5,000.

Location:
Exeter is a cathedral city and the county town of Devon, South-West England. It is situated on the River Exe, approximately 36 mi (58 km) northeast of Plymouth and 65 mi (105 km) southwest of Bristol. The property is situated on arterial route between Exeter town centre and Exeter St Thomas with nearby occupiers including McColl`s, Merkur Slots, Barbers, Clothing Shop, Restaurants, and Takeaways, amongst others.