1/4
Retail/Shop For Sale Exeter
PROPERTY ID: 139259
PROPERTY TYPE
Retail/Shop
STATUS
Available
SIZE
2,555 sq.ft
Key Features
Property Details
Mixed Use Shop Investment Comprising Retail Unit On Ground Floor Plus 6 Rooms For Commercial Uses On Upper Floors
Prominent Trading Position In Popular And Affluent Town On Edge Of Exeter
Strong Ground Floor Tenants - Day Lewis Plc
Approx Passing Rent From July 2025 £45,390 Once Fully Let
Upper Floors Comprise Small Business Centre With 6 Individual Lettable Rooms
Topsham Is A Small Town On The Edge Of The City Of Exeter And Overlooking The River Exe Estuary. It Has A Resident Population Of Circa 5,000 And Is Situated About 4 Miles From Exeter Served By A Regular Bus And Train Service.
The Town Is Both An Affluent Residential Area And A Popular Visitor Destination With A Range Of Independent Retailers, Pubs, Restaurants And A Museum.
There Is On Street Parking And Two Pay-and-display Car Parks Close By.
The Property Comprises A Grade Ii Listed Three Storey End Terraced Period Building Arranged As A Ground Floor Retail Unit Plus Separately-accessed First And Second Floors Which Are Fitted Out As A Business Centre With Six Rooms.
The Ground Floor Shop Has Traded As A Pharmacy For Over 200 Years Being One Of The Oldest Pharmacies In The Country And Is Currently Let To Day Lewis Plc.
The Six Rental Rooms On The First And Second Floors Are Mostly Rented By Therapy And Wellbeing Businesses, And One Is Currently Vacant. The Rooms Are Separately Metered For Utilities And Separately Assessed For Rates. The Tenants Have Shared Use Of Kitchen, Wc And Shower Facilities.
The Property Includes A Sizeable Enclosed Rear Garden.
Proposal
The Freehold Interest, Subject To The Existing Tenancies, Is Available At A Guide Price Of £550,000.
Vat Is Not Chargeable To The Purchase Price.
Each Party To Bear Their Own Legal Costs In The Transaction.
Ground Floor Shop = C69
Upper Floors = D81
Day Lewis Plc Hold A Lease For A Term Of 15 Years From 7th July 2017 On An Internal Repairing Basis To Include The Shop Front And A Maximum Contribution Of £500 Pa Towards External Repairs And Maintenance. The Landlord Insures The Building And Recovers The Fair Proportion From The Tenant.
The Passing Rent Is £16,590 P.a And Reviewed 4 Yearly In Line With Rpi With The Next Review July 2025. This Is To Increase To A Minimum Of £21,500 P.a.
The Upper Floors Rooms Are All Held On Individual Tenancies At Will And Provide A Net Rental Income (after External Management Fees And Cleaning) Of Approx. £23,800 P.a. (once Suite No.5 Is Let And The Upper Floors Are Fully Income Producing).
This Will Produce A Rental Income From July 2025 Of Approximately £45,390 P.a.
About the Agent
Stratton Creber Commercial - Exeter
See Agent's Other PropertiesRetail Unit
£550,000 Freehold
18 Fore Street, Exeter, EX3 0HE
Retail/Shop -
Available
2,555 sq ft
237 sqm
Enquiry Form
Similar to this property
£833 / month
Exeter, EX3 0HF
Retail/Shop
£3333 / month
Exeter, EX3 0DY
Retail/Shop
£950000 Freehold
Exeter, EX6 8DB
Retail/Shop
£622 / month
EXETER, EX2 7HU
Retail/Shop
£450000 Freehold
Exeter, EX6 8LB
Retail/Shop
£833 / month
Exeter, EX1 2RR
Retail/Shop
£1083 / month
Exeter, EX2 8RG
Retail/Shop
£708 / month
Exeter, EX1 2RJ
Retail/Shop
£750 / month
Exeter, EX1 2QL
Retail/Shop
£729 / month
Exeter, EX1 2FW
Retail/Shop
POA
EXETER, EX1 3RW
Retail/Shop
POA
EXETER, EX5 2FN
Retail/Shop
£10417 / month
EXETER, EX2 8AA
Retail/Shop
Exeter, EX2 9HY
Retail/Shop
£2250 / month
Exeter, EX1 2HS
Retail/Shop
£350000 Freehold
Exeter, EX1 1NP
Retail/Shop
£2917 / month
Exeter, EX1 1BP
Retail/Shop
Starting From £12083 / month
Exeter, EX1 2FT
Retail/Shop
£833 / month
Exeter, EX1 1EZ
Retail/Shop
£1833 / month
Exeter, EX1 1EZ
Retail/Shop
£2417 / month
Exeter, EX1 1EZ
Retail/Shop
£2917 / month
Exeter, EX1 1EZ
Retail/Shop
£1250 / month
Exeter, EX1 2JB
Retail/Shop
£1250 / month
Exeter, EX1 2JB
Retail/Shop
POA
Exeter, EX2 9FB
Retail/Shop
£175000 Freehold
Exeter, EX1 1BA
Retail/Shop
£3042 / month
Exeter, EX4 6NS
Retail/Shop
£3125 / month
Exeter, EX4 6NS
Retail/Shop
£3125 / month
Exeter, EX4 6NS
Retail/Shop
£2708 / month
Exeter, EX4 1AJ
Retail/Shop
£3750 / month
Exeter, EX4 1AJ
Retail/Shop
£180000 Freehold
Exeter, EX4 3AT
Retail/Shop
£1667 / month
Exeter, EX4 3AX
Retail/Shop
£5000 / month
Exeter, EX4 3LR
Retail/Shop
£525000 Freehold
Exeter, EX4 1AW
Retail/Shop
£1542 / month
Exeter, EX4 3PX
Retail/Shop
£1500 / month
Exeter, EX4 3PT
Retail/Shop
£2708 / month
Exeter, EX4 1DG
Retail/Shop
£2500 / month
Exeter, EX4 1DG
Retail/Shop
£4167 / month
Exeter, EX4 1DG
Retail/Shop
£2375 / month
Exeter, EX4 3LS
Retail/Shop
£85000 Freehold
Exeter, EX4 3RB
Retail/Shop
£1875 / month
Exmouth, EX8 4JS
Retail/Shop
£742 / month
Exmouth, EX8 1PX
Retail/Shop
£2163 / month
Exmouth, EX8 1RS
Retail/Shop
£1333 / month
Exmouth, EX8 1PL
Retail/Shop
£2708 / month
Exmouth, EX8 1HS
Retail/Shop
£1750 / month
Exmouth, EX8 1HS
Retail/Shop
£438 / month
Exmouth, EX8 1NU
Retail/Shop
£2083 / month
Exmouth, EX8 1HR
Retail/Shop
£255000 Freehold
Exmouth, EX8 1JA
Retail/Shop
£240000 Freehold
Exmouth, EX8 1NP
Retail/Shop
£583 / month
Exmouth, EX8 1PE
Retail/Shop
£583 / month
Exmouth, EX8 1PE
Retail/Shop
£1167 / month
Exmouth, EX8 1PE
Retail/Shop
£115000 Freehold
Exmouth, EX8 2SH
Retail/Shop
Starting From £7250 / month
Exmouth, EX8 2NR
Retail/Shop
POA
Exeter, EX5 7ET
Retail/Shop
£1125 / month
Exmouth, EX8 2GD
Retail/Shop
£315000 Freehold
Exeter, EX9 6LQ
Retail/Shop
Budleigh Salterton, EX9 6LQ
Retail/Shop
£1000 / month
Exmouth, EX9 6LD
Retail/Shop
£237500 Freehold
Budleigh Salterton, EX9 6LD
Retail/Shop
£1625 / month
Budleigh Salterton, EX9 6LD
Retail/Shop
£5000 / month
Ottery St Mary, EX11 1NR
Retail/Shop
£350000 Freehold
Ottery St Mary, EX11 1BT
Retail/Shop
£170000 Freehold
Sidmouth, EX10 8EE
Retail/Shop
£958 / month
Sidmouth, EX10 8LE
Retail/Shop
£917 / month
Sidmouth, EX10 8EQ
Retail/Shop
£550000 Freehold
Teignmouth, TQ14 0DE
Retail/Shop
£550000 Freehold
Crediton, EX17 1AT
Retail/Shop
£350000 Freehold
Exeter, EX4 6NT
Retail/Shop
£1042 / month
Newton Abbot, TQ12 2BG
Retail/Shop
£1667 / month
Newton Abbot, TQ12 2AQ
Retail/Shop
£1500 / month
Newton Abbot, TQ12 2AQ
Retail/Shop
£1250 / month
Newton Abbot, TQ12 2AQ
Retail/Shop
£1667 / month
Newton Abbot, TQ12 2AQ
Retail/Shop
£1583 / month
Newton Abbot, TQ12 2RX
Retail/Shop
£1583 / month
Newton Abbot, TQ12 2RX
Retail/Shop
£2292 / month
Newton Abbot, TQ12 2RX
Retail/Shop
£1000 / month
Newton Abbot, TQ12 2QX
Retail/Shop
£2500 / month
Newton Abbot, TQ12 2RX
Retail/Shop
£1329 / month
Newton Abbot, TQ12 2QX
Retail/Shop
£275000 Freehold
Newton Abbot, TQ12 2JS
Retail/Shop
Newton Abbot, TQ12 2JX
Retail/Shop
£825000 Freehold
Newton Abbot, TQ12 2JW
Retail/Shop
£1079 / month
Newton Abbot, TQ12 1AF
Retail/Shop
£1333 / month
Cullompton, EX15 1AA
Retail/Shop
£325000 Freehold
Cullompton, EX15 1AA
Retail/Shop
£270000 Freehold
Cullompton, EX15 1AA
Retail/Shop
£500000 Freehold
Newton Abbot, TQ12 1JW
Retail/Shop
POA
Honiton, EX14 1SB
Retail/Shop
£538 / month
Newton Abbot, TQ12 5HT
Retail/Shop
POA
Honiton, EX14 1BQ
Retail/Shop
£1000 / month
Torquay, TQ1 4NE
Retail/Shop
Starting From £500 / month
Honiton, EX14 1LW
Retail/Shop
£1167 / month
Honiton, EX14 1HR
Retail/Shop
£1000 / month
Honiton, EX14 1PQ
Retail/Shop
£3625 / month
Torquay, TQ1 3BT
Retail/Shop
£833 / month
Torquay, TQ2 5QB
Retail/Shop