Retail/Shop for sale Exeter EX6 8DB,5821sq ft

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Retail/Shop

Retail/Shop For Sale Exeter

PROPERTY ID: 136935

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

5,821 sq.ft

Key Features

Mixed Use Blue Chip Convenience Store and Residential Investment

Affluent Exeter suburb Location

Located in the heart of the village

X3 parking spaces demises to Tesco on the ground floor

Other occupiers in the location include East & West of Exe Estate Agents, Exminster Hair & Beauty, Exeter Leukaemia Fund (elf) charity shop, The Ginger Cat Deli and Care Gems

Reversionary residential rents after refurbishment

Regular bus service into Exeter

Popular location with families

Property Details

Exminster is an affluent area just 4 miles south from Exeter. Positioned along the A379, the village offers great connectivity into Exeter, The M5 motorway and the South West region as a whole. The area has a strong community presence with local cafes, shops and recreational facilities such as golf. Exminster benefits from good accessibility into Exeter which offers extensive retail, leisure and employment opportunities while appreciating the more relaxed village lifestyle. The main road serves as the primary throughfare through Exminster featuring a mix of independent business and essential services. The location's visibility and accessibility make it an ideal spot for retailers to provide services for the community whilst being surrounded by residential properties ensuring a steady flow of local customers. Exminster's appeal is enhanced by the natural surroundings nearby to the countryside and the Exe Estuary, which are popular for outdoor activities and dog walkers. The village has strong transport links with regular bus routes into Exeter.

The Property Comprises A Mixed-use, Terraced Convenience Store And 6 Self-contained Flats. Located Prominently On The Main Road In Exminster An Affluent Area Popular With Families. There Is Parking At Front Of The Building And Access To The Rear Where Two Garages Are Located. The Ground Floor Is A Good Sized Retail Premises Occupied By Tesco, Operating As A Convenience Store With A Strong Local Customer Base. The Store Includes A Main Sales Area, Rear Storage, W/c And Office Facilities For Staff. Above The Ground Floor Retail Unit Are Six Self Contained Residential Flats Of Varying Size Offering Flexible Accommodation Suited To A Range Of Tenants. The Building Benefits From Good Visibility Along A Key Residential Area In Exminster With Gp Practice, School, Bus Stop And A Quality Retail Offering All In Close Proximity. The Combination Of A National Retailer On The Ground Floor With Residential Units Above Make This A Well Balanced And Attractive Investment Opportunity. Location Exminster Is An Affluent Area Just 4 Miles South From Exeter. Positioned Along The A379, The Village Offers Great Connectivity Into Exeter, The M5 Motorway And The South West Region As A Whole. The Area Has A Strong Community Presence With Local Cafes, Shops And Recreational Facilities Such As Golf. Exminster Benefits From Good Accessibility Into Exeter Which Offers Extensive Retail, Leisure And Employment Opportunities While Appreciating The More Relaxed Village Lifestyle. The Main Road Serves As The Primary Throughfare Through Exminster Featuring A Mix Of Independent Business And Essential Services. The Location's Visibility And Accessibility Make It An Ideal Spot For Retailers To Provide Services For The Community Whilst Being Surrounded By Residential Properties Ensuring A Steady Flow Of Local Customers. Exminster's Appeal Is Enhanced By The Natural Surroundings Nearby To The Countryside And The Exe Estuary, Which Are Popular For Outdoor Activities And Dog Walkers. The Village Has Strong Transport Links With Regular Bus Routes Into Exeter. Accommodation Vickery Holman Have Inspected The Property And All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Gross And Net Internal Basis: Flat 1 - 647 Sq Ft (60.08 Sq M) Flat 2 - 314 Sq Ft (29.20 Sq M) Flat 3 - 416 Sq Ft (38.63 Sq M) Flat 4 - 400 Sq Ft (37.14 Sq M) Flat 5 - 381 Sq Ft (35.42 Sq M) Flat 6 - 763 Sq Ft (70.90 Sq M) Communal Areas - 399 Sq Ft (37.06 Sq M) Garage 1 - 123 Sq Ft (11.43 Sq M) Garage 2 - 123 Sq Ft (11.43 Sq M) Total Area - 3,566 Sq Ft (331.29 Sq M) Main Store - 1,614 Sq Ft (149.96 Sq M) Cleaning Storage - 33 Sq Ft (3.07 Sq M) Staff Room - 76 Sq Ft (7.02 Sq M) Office - 95 Sq Ft (8.82 Sq M) Rear Store - 438 Sq Ft (40.66 Sq M) Total Area - 2,256 Sq Ft (209.54 Sq M) Rent / Price We Are Instructed To Seek Offers In The Region Of £950,000 Which Reflects A Niy Of 7.40% After An Allowance For Purchaser's Costs Of 5.69%. A Purchase At This Level Reflects A Reversionary Yield Of 8.52% After Effective Asset Management Of The Property. 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 Address Expiry Date Rating Band Flat 1 Geralds, Exminster, Exeter, Ex6 8db 06 May 2029 45 E Flat 2 Geralds, Exminster, Exeter, Ex6 8db 20 January 2030 71 C Flat 3 Geralds, Exminster, Exeter, Ex6 8db 20 January 2030 70 C Flat 4, Geralds, Exminster Exeter, Ex6 8db 19 May 2034 71 C Flat 5, Geralds, Exminster Exeter, Ex6 8db 19 May 2034 77 C Flat 6 Geralds, Exminster, Exeter, Ex6 8db 23 July 2029 78 C Tesco Stores, Main Road, Exminster, Ex6 8db 23 May 2034 62 C 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.

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About the Agent

Vickery Holman

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Retail Unit

£950,000 Freehold

Geralds (Tesco Stores),Main Road, Exeter, EX6 8DB

Retail/Shop - Available
5,821 sq ft
541 sqm

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Retail/Shop For Sale Exeter

PROPERTY ID: 136935

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

5,821 sq.ft

Key Features

Property Details

About the Agent

Vickery Holman

Retail Unit

£950,000 Freehold

Geralds (Tesco Stores),Main Road, Exeter, EX6 8DB

Retail/Shop - Available 5,821 sq ft541 sqm

Enquiry Form

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