135 & 137 Magdalen Road, Exeter, Devon, EX2 4TN

The property comprises a semi-detached mixed-use property currently configurated as an office on the ground floor (135 Magdalen Road) and a three bedroom maisonette flat above (137 Magdalen Road). The ground floor consists of a good sized open plan sales area with storage, additional sales (currently configured as an office board room) and small courtyard to the rear.

The maisonette is accessed from the right-hand-side at street level and consists of a good sized 3 bedroomed residential premises with kitchen, bathroom, living room and bedroom 3 on the first floor with the master bedroom and bedroom 2 on the second floor. There is also a generous sized landing on the second floor currently utilised for additional storage.

The property is available as a whole - with the maisonette currently vacant, this would present an opportunity for owner-occupiers to acquire their own premises.

Alternatively, the maisonette is available as a stand alone purchase subject to separate negotiations.



Location

Exeter is situated in the southwest of England, located on the River Exe around 36 miles from Plymouth and 65 miles from Bristol. With a population of approximately 130,700 and around half a million people living within a 45-minute catchment area of the city, the historic cathedral city of Exeter is a principle administrative and service centre in the Southwest Peninsula. Exeter is well served by transport communications with M5 running to the east of the city, an Intercity railway station and a regional airport a short distance to the east of the city.

The property is located along the northern side of the affluent Magdalen Road in close proximity to its junction with Fore Street / Heavitree Road, just east of Exeter City Centre. The immediate area is largely residential along with additional commercial uses nearby including 8Bizzy Be Picture Framing & Gallery9 and the numerous independent shops along Magdalen Road.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.

Ground Floor Sales: 728 sq ft (67.66 sq m)
1st & 2nd floor maisonette: 672 sq ft (62.45 sq m)
Total: 1,400 sq ft (130.11 sq m)


Planning

The amended use classes would mean the ground floor could be used for E class uses which includes retail, cafe/restaurant and offices. Please enquire for further information.

Rent / Price

Commercial ground floor premises at an asking price of £155,000 or as a whole for £380,000 which would include the maisonette which is subject to a long leasehold interest.

Alternatively, the property is available to let either as a whole at £30,000 pa ex or commercial ground floor outlet only at £15,000 pa ex.

Business Rates

From the Valuation Office Agency website ( we understand that the currentRateable Value is £13,000.00, therefore making the approximate Rates Payable £5,616.00 per annum for 2026/27.

The maisonette (137 Magdalen Road) has a Council Tax Band of A.



Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

The EPC for the Ground Floor is D (99).

The EPC for the maisonette is D (67).

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.