Property Details

The property is located in the city of Exeter which according to the 2022 census has a population of approx. 135,000. The city benefits from the precious Russell Group Exeter University which attracts approx. 30,000 UK wide and international students. Exeter is also a popular tourist destination with a quality retail offering on the High Street, leisure activities on Exeter Quay and beaches at Exmouth only a 20 minutes drive from the city. The property is situated in a prominent position close to a number of luxury student and residential schemes as well as being a couple of minutes walk to the High Street with its wide range of retail occupiers.

The Building Has Previously Been Operated As A Restaurant With Ancillary Residential Accommodation But Now Non-trading. Internally, The Building Will Need Complete Refurbishment Throughout If It Is To Be Used For Its Existing Use. Location The Property Is Located In The City Of Exeter Which According To The 2022 Census Has A Population Of Approx. 135,000. The City Benefits From The Precious Russell Group Exeter University Which Attracts Approx. 30,000 Uk Wide And International Students. Exeter Is Also A Popular Tourist Destination With A Quality Retail Offering On The High Street, Leisure Activities On Exeter Quay And Beaches At Exmouth Only A 20 Minutes Drive From The City. The Property Is Situated In A Prominent Position Close To A Number Of Luxury Student And Residential Schemes As Well As Being A Couple Of Minutes Walk To The High Street With Its Wide Range Of Retail Occupiers. Accommodation All Areas Are Approximate And Provided From Clients Management Records. Main Building: Lower Ground Floor - 2,272 Sq Ft (211.10 Sq M) Ground Floor - 1,752 Sq Ft (162.80 Sq M) 1st Floor - 1,569 Sq Ft (145.80 Sq M) Total - 5,594 Sq Ft (519.70 Sq M) Kiln Lower Ground Floor - 227 Sq Ft (21.10 Sq M) Ground Floor - 181 Sq Ft (16.80 Sq M) Total - 408 Sq Ft (37.90 Sq M) Building Total: 6,002 Sq Ft (557.60 Sq M) Planning The Property Has Planning Consent To Be Converted To 7 Flats. This Was Under 2 Planning Permissions. The Planning Permission Dated 22nd July 2022 Permitted The Conversion Of The First Floor And Part Of The Ground Floor To 3 Flats. Full Details Shown On Exeter City Council Planning Portal Under Ref: 20/1349/ful The Planning Permission Dated 28th April 2023 Permitted The Conversion Of The Restaurant (part Ground And Lower Ground Floors) Into 4 Flats. Full Details Shown On Exeter City Council Planning Portal Under Ref: 22/1328/pdcd The Attached Plans Showing The Layout That Has Been Approved By The 2 Permissions Show Significant Areas Being Used For Bicycle And Refuse Storage. It May Be Possible To Relocate These Storage Areas In The Outside Space To The Rear Of The Property. Interested Parties Should Make Their Own Enquiries. Rent / Price £425,000 Business Rates From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £20,500, Therefore Making The Approximate Rates Payable £10,229.50 Per Annum For 2024/25. The Business Rates And / Or Domestic Rates Would Need To Be Re-assessed Depending On The Development Works Undertaken. 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 Property Has An Epc Of C (65) 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.