Retail/Shop for sale Exmouth EX8 2SH,603sq ft

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Retail/Shop

Retail/Shop For Sale Exmouth

PROPERTY ID: 131177

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

603 sq.ft

Key Features

Freehold income producing investment property

Ground floor shop let with sold off flat above

Popular central trading position

Total rent: £8,300 p.a.

Property Details

The property is situated in a busy position within the heart of the town centre close to the main Magnolia Shopping Centre. There are a variety of both independent and national traders nearby. Exmouth offers a various range of shops, schools, restaurants and leisure activities along with miles of sandy beaches and access to the Jurassic coastline. Exmouth is very accessible by road being just 8 miles south of the M5 and benefits from its own railway station providing regular services to Exeter linking with Bristol, London and national links. The town has a population of approximately 34,000 and a catchment population of 132,000. The town has an all year round trade and benefits from an influx of tourists in the summer months.

Freehold Income Producing Investment Property Ground Floor Shop Let With Sold Off Flat Above Popular Central Trading Position Total Rent: £8,300 P.a. The Property Is Situated In A Busy Position Within The Heart Of The Town Centre Close To The Main Magnolia Shopping Centre. There Are A Variety Of Both Independent And National Traders Nearby. Exmouth Offers A Various Range Of Shops, Schools, Restaurants And Leisure Activities Along With Miles Of Sandy Beaches And Access To The Jurassic Coastline. Exmouth Is Very Accessible By Road Being Just 8 Miles South Of The M5 And Benefits From Its Own Railway Station Providing Regular Services To Exeter Linking With Bristol, London And National Links. The Town Has A Population Of Approximately 34,000 And A Catchment Population Of 132,000. The Town Has An All Year Round Trade And Benefits From An Influx Of Tourists In The Summer Months. The Property Comprises A Period Mid-terraced Town Centre Property With Ground Floor Shop And Sold Off Flat Above. Accommodation The Shop Comprises The Following Approximate Floor Areas: Ground Floor Shop: 603 Sq Ft (56 Sq M) The Freehold Is Available At A Guide Price Of £115,000 Showing A Return Of 7.03%. Vat Is Not Chargeable To The Purchase Price. Both Parties To Bear Their Own Legal Costs In The Transaction. An Epc Is Available For This Property And The Rating Is D/94, The Property Is Being Sold With The Benefit Of A Lease Of The Ground Floor Shop To William Highbourne Wealth For A Term Of 6 Years From 12th September 2020 Drawn On A Contributory Full Repairing And Insuring Basis At A Rent Of £8,250 Per Annum. The Rent Was Reviewed At The Third Year Of The Lease Anniversary. There Is A Tenants Option To Break On The 12th September 2022 And A Rent Review On The 12th September 2023. Neither Break Options Were Exercised. There Is Also A Tenants Option To Break On The 11th September 2024 Which Has Not Been Exercised. The Maisonette On The Upper Floors Has Been Sold Off On A Long Lease For A Term Of 99 Years From 14th March 2000 (expiring 13th March 2099) At A Ground Rent Of £50 Per Annum.

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About the Agent

Stratton Creber Commercial - Exeter

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Retail Unit

£115,000 Freehold

32 Rolle Street, Exmouth, EX8 2SH

Retail/Shop - Available
603 sq ft
56 sqm

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Retail/Shop For Sale Exmouth

PROPERTY ID: 131177

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

603 sq.ft

Key Features

Property Details

About the Agent

Stratton Creber Commercial - Exeter

Retail Unit

£115,000 Freehold

32 Rolle Street, Exmouth, EX8 2SH

Retail/Shop - Available 603 sq ft56 sqm

Enquiry Form

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