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Retail/Shop

Retail/Shop For Sale Exeter

PROPERTY ID: 125962

PROPERTY TYPE

Retail/Shop

STATUS

Under Offer

SIZE

266 sq.ft

Key Features

Commercial property investment
Ground floor shop
City centre location
Rental income: £6,000 p.a.
Yield: 6.93%
Price: £85,000 (999 year long leasehold plus 1/5 of the freehold)

Property Details

The property is situated on Iron Bridge located at the cross roads where North Street and Paul Street meet, a short distance from the High Street and Queen Street. 5 Iron Bridge is in the centre of a small terrace between City Gate Hotel and Smith and Denning Hair Education. There are also a number of independent businesses close by including estate agents, and beauty therapists, and physio therapists. The property is close to Exeter Central Train Station (500 meters), regular bus routes, and a number of pay and display car parks.

Commercial Property Investment Ground Floor Shop City Centre Location Yield: 6.93% Rental Income: £6,000 P.a. The Property Is Situated On Iron Bridge Located At The Cross Roads Where North Street And Paul Street Meet, A Short Distance From The High Street And Queen Street. 5 Iron Bridge Is In The Centre Of A Small Terrace Between City Gate Hotel And Smith And Denning Hair Education. There Are Also A Number Of Independent Businesses Close By Including Estate Agents, And Beauty Therapists, And Physio Therapists. The Property Is Close To Exeter Central Train Station (500 Meters), Regular Bus Routes, And A Number Of Pay And Display Car Parks. The Property Comprises A Four Storey, Grade Ii Listed Mid Terrace Commercial Building, With One Commercial Property On The Ground Floor, Three Flats Above And One On The Lower Ground Floor. The Ground Floor Is Currently Tenanted To Re-style Barbers. The Premises Is Well Presented, Comprising Two Interconnected Rooms And A Wc Which Is Accessed Via A Shared Hallway. Accommodation The Ground Floor Barbershop Has The Following Approximate Floor Areas: 24.68 Sq M / 266 Sq Ft. Guide Price The 999 Year Long Leasehold Interest And 1/5 Of The Freehold Is Offered To The Market At A: Guide Price: £85,000 Reflecting A Net Initial Yield Of 6.93% After Normal Purchasers Costs. Vat Is Not Applicable. Both Parties To Bear Their Own Legal Costs In The Transaction. An Epc Is Available From The Agents. The Ground Floor Has Been Let To Re- Style Barbers For A Term Of 10 Years From 2022 At A Rent Of £6,000 Per Annum. The Tenants Have An Option To Break At Year 5. Price: £85,000 (999 Year Long Leasehold Plus 1/5 Of The Freehold)

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About the Agent

Stratton Creber Commercial - Exeter

See Agent's Other Properties

Retail Unit

£85,000 Freehold

5 Iron Bridge, Exeter, EX4 3RB
Retail/Shop - Under Offer
266 sq ft
25 sqm
Show phone number

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