Retail/Shop for sale Exeter EX2 4TN,1400sq ft

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Retail/Shop

Retail/Shop For Sale Exeter

PROPERTY ID: 143182

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

1,400 sq.ft

Key Features

Rare mixed use freehold available on Magdalen Road

Approx. 1,400 sq ft over the ground, first and second floors

The maisonette is currently let out on an AST at a passing rent of £1,150 pcm (£13,800 pa)

The ground floor may be suitable for alternative uses subject to planning

Ground floor benefits from a small outdoor courtyard

Highly prominent from the roadside

Immediately available

Property Details

Exeter is situated in the southwest of England, located on the River Exe around 36 miles from Plymouth and 65 miles from Bristol. With a population of approximately 130,700 and around half a million people living within a 45-minute catchment area of the city, the historic cathedral city of Exeter is a principle administrative and service centre in the Southwest Peninsula. Exeter is well served by transport communications with M5 running to the east of the city, an Intercity railway station and a regional airport a short distance to the east of the city. The property is located along the northern side of the affluent Magdalen Road in close proximity to its junction with Fore Street / Heavitree Road, just east of Exeter City Centre. The immediate area is largely residential along with additional commercial uses nearby including 8Bizzy Be Picture Framing & Gallery9 and the numerous independent shops along Magdalen Road.

The Property Comprises A Semi-detached Mixed-use Property Currently Configurated As An Office On The Ground Floor (135 Magdalen Road) And A Three Bedroom Maisonette Flat Above (137 Magdalen Road). The Ground Floor Consists Of A Good Sized Open Plan Sales Area With Storage, Additional Sales (currently Configured As An Office Board Room) And Small Courtyard To The Rear. The Maisonette Is Accessed From The Right-hand-side At Street Level And Consists Of A Good Sized 3 Bedroomed Residential Premises With Kitchen, Bathroom, Living Room And Bedroom 3 On The First Floor With The Master Bedroom And Bedroom 2 On The Second Floor. There Is Also A Generous Sized Landing On The Second Floor Currently Utilised For Additional Storage. The Maisonette Is Let On An Expired Ast (expired November 2023) And Has Continued As A Monthly Periodic Tenancy Until Either Party Serves Notice. Location Exeter Is Situated In The Southwest Of England, Located On The River Exe Around 36 Miles From Plymouth And 65 Miles From Bristol. With A Population Of Approximately 130,700 And Around Half A Million People Living Within A 45-minute Catchment Area Of The City, The Historic Cathedral City Of Exeter Is A Principle Administrative And Service Centre In The Southwest Peninsula. Exeter Is Well Served By Transport Communications With M5 Running To The East Of The City, An Intercity Railway Station And A Regional Airport A Short Distance To The East Of The City. The Property Is Located Along The Northern Side Of The Affluent Magdalen Road In Close Proximity To Its Junction With Fore Street / Heavitree Road, Just East Of Exeter City Centre. The Immediate Area Is Largely Residential Along With Additional Commercial Uses Nearby Including 8bizzy Be Picture Framing & Gallery9 And The Numerous Independent Shops Along Magdalen Road. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Net / Gross Internal Basis. Ground Floor Sales: 728 Sq Ft (67.66 Sq M) 1st & 2nd Floor Maisonette: 672 Sq Ft (62.45 Sq M) Total: 1,400 Sq Ft (130.11 Sq M) Planning The Amended Use Classes Would Mean The Ground Floor Could Be Used For E Class Uses Which Includes Retail, Cafe/restaurant And Offices. Please Enquire For Further Information. Rent / Price The Property Is Available Freehold And Includes The Maisonette Which Is Subject To A Long Leasehold Interest At An Asking Price Of £450,000. Business Rates From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £13,000, Therefore Making The Approximate Rates Payable £6,487.00 Per Annum For 2025/26. The Maisonette (137 Magdalen Road) Has A Council Tax Band Of A. 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 An Epc For The Ground Floor Has Been Requested And Will Be Shortly Available. Please Contact The Marketing Agents For Further Information. The Epc For The Maisonette Is D (67). 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

See Agent's Other Properties

Retail Unit

£450,000 Freehold

135 & 137 Magdalen Road, Exeter, EX2 4TN

Retail/Shop - Available
1,400 sq ft
130 sqm

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Retail/Shop For Sale Exeter

PROPERTY ID: 143182

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

1,400 sq.ft

Key Features

Property Details

About the Agent

Vickery Holman

Retail Unit

£450,000 Freehold

135 & 137 Magdalen Road, Exeter, EX2 4TN

Retail/Shop - Available 1,400 sq ft130 sqm

Enquiry Form

Save this property- Feature coming soon

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Retail/Shop - Available
1,400 sq ft
130 sqm