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Dean Clarke House, Southernhay East, Exeter

Guide price

£650,000

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Size

4,250

Tenure

Freehold

EPC

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Parking

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Primary use: Traditional office
Capacity: Ask agent
Desks: Ask agent

No floor / site plan

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Key features

Manned reception lobby with concierge services
Connection to a network of members and users
Shared shower facility
24/7 access available via electronic door fob system
Meeting / boardroom facility
Communal courtyard garden and secure terrace

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Description

We are instructed to seek offers with a guide of £650,000 ( + VAT ) which
reflects an initial yield of 13.61% on the existing gross income ( before
deducting management costs for the serviced office space ) after allowance
for purchaser`s costs of 5.18%. This equates to a capital of £153 psf.
The rental income potential will increase depending upon the letting strategy
adopted, either for traditional leases or flex space. Assuming the remaining
suites are let on a serviced basis the potential gross rents receivable will
increase from £93,020 per annum to £132,620 per annum assuming a per
desk rate of £275 pcm. Management costs are currently circa £35,000 per
annum.

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Additional information

Service charge: Ask agent
Business rates: Ask agent
Use class: E
Year built: 1874
Listed building: No

Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Brochure

Dean Clarke House, Southernhay East, Exeter

NEAREST STATIONS

Exeter Central Station

0.44 miles

Exeter St. Thomas Station

0.58 miles

St James Park Station

0.68 miles

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Disclaimer - Property reference DeanClarkeHouse. 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 Hector Pearce, 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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Dean Clarke House, Southernhay East, Exeter

4,250

Freehold

Key features

Description

Brochure

Dean Clarke House, Southernhay East, Exeter

Your search history

Dean Clarke House, Southernhay East, Exeter

4,250

Freehold

Key features

Description

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