Retail/Shop For Sale, Exeter

Exeter is the county town and the major regional shopping centre for the county of Devon. It has a population of approximately 130,000 with a catchment in the order of 300,000.

Exeter is well served by transport communications with the M5 motorway running to the east of the city and dual carriageway access to Plymouth and Cornwall beyond. It also benefits from an intercity railway station and international airport. It also provides significant employment areas and a city centre represented by the majority of the national retailers and banks.

The district of St Thomas is a well-established residential suburb south east of the city centre and on the southern side of the river Exe which divides the city. It is within walking distance of the main city centre and there are regular bus services. It benefits from a popular local shopping parade and precinct including Bath Travel, Coop, Greggs and Dominos.

The subject property is situated on Cowick Street, directly opposite the St Thomas Shopping Centre which includes a public car park and a number of national retailers. Other occupiers include a charity shop, post office, tanning salon, nail bar, takeaway and estate agents.

Freehold Retail Investment

Popular And Busy Shopping Parade

Well Established Tenant

Rent: £14,900 P.a.

Good Private Or Sipp Investment

Exeter Is The County Town And The Major Regional Shopping Centre For The County Of Devon. It Has A Population Of Approximately 130,000 With A Catchment In The Order Of 300,000.

Exeter Is Well Served By Transport Communications With The M5 Motorway Running To The East Of The City And Dual Carriageway Access To Plymouth And Cornwall Beyond. It Also Benefits From An Intercity Railway Station And International Airport. It Also Provides Significant Employment Areas And A City Centre Represented By The Majority Of The National Retailers And Banks.

The District Of St Thomas Is A Well-established Residential Suburb South East Of The City Centre And On The Southern Side Of The River Exe Which Divides The City. It Is Within Walking Distance Of The Main City Centre And There Are Regular Bus Services. It Benefits From A Popular Local Shopping Parade And Precinct Including Bath Travel, Coop, Greggs And Dominos.

The Subject Property Is Situated On Cowick Street, Directly Opposite The St Thomas Shopping Centre Which Includes A Public Car Park And A Number Of National Retailers. Other Occupiers Include A Charity Shop, Post Office, Tanning Salon, Nail Bar, Takeaway And Estate Agents.

The Property Comprises A Mid Terrace Period Building Providing A Ground Floor Retail Unit And First Floor Office Together With Two Basic Store Rooms. Outside There Is An Enclosed Courtyard With Access Only Through The Shop.

Proposal
The Property Is Offered For Sale Freehold At A Guide Price Of £185,000.

Vat Is Not Applicable To The Sale.

Each Party To Bear Their Own Legal Costs Incurred In The Transaction.

C73 Valid Until 26th February 2036.

The Property Is Held By Way Of A Full Repairing And Insuring Lease For A Term Of 15 Years From 29th September 2014 By Bradleys Group Limited. Company Registration Number: 02866127. Bradleys Group Ltd Was Incorporated In October 1993.

The Passing Rent Is £14,900 Per Annum Subject To Review On A 5 Yearly Basis.

The Tenant Had A Option To Break At The End Of September 2024 Which Was Not Exercised.