Office for sale Exeter EX2 8PW,3200sq ft

1/4

Office

Office For Sale Exeter

PROPERTY ID: 150160

PROPERTY TYPE

Office

STATUS

Available

SIZE

3,200 sq.ft

Key Features

Mid terraced, well presented office units on established Business Park location.

2 self contained office buildings which are contiguous (option to combine)

Fully income producing

Circa 1,600 sq. ft each (Total: 3,200 sq.ft)

12 allocated parking spaces

Total rent: £36,000 per annum.

Guide Price: £415,000 which reflects net initial yield of approx. 8.32% after purchasers costs.

Property Details

The Marsh Barton Trading Estate, and its newer extension, Matford Park, is located to the southern edge of the city on the west side of the River Exe, and is the largest and most established estate. It is well served by road links both within and from outside the city boundaries, particularly the A30 and A38 which link to the M5 motorway. The estate is particularly popular with the motor trade industry and trade counter operators and has been further extended by the Matford Green development in recent years.

The property is located in a 1980s development known as Mulberry Court, which is accessed from Lustleigh Close, a no-through road leading off Matford Park Road. Mulberry Court comprises a terrace of ten office units, and occupiers include Passmore Care, Coastal Recycling and Oak First Investments.

2 Self Contained Office Buildings

Mid Terraced, Well Presented Office Units On Established Business Park Location.

2 Self Contained Office Buildings Which Are Contiguous (option To Combine)

Fully Income Producing

12 Allocated Parking Spaces

Circa 1,600 Sq. Ft Each (total: 3,200 Sq.ft)

The Marsh Barton Trading Estate, And Its Newer Extension, Matford Park, Is Located To The Southern Edge Of The City On The West Side Of The River Exe, And Is The Largest And Most Established Estate. It Is Well Served By Road Links Both Within And From Outside The City Boundaries, Particularly The A30 And A38 Which Link To The M5 Motorway. The Estate Is Particularly Popular With The Motor Trade Industry And Trade Counter Operators And Has Been Further Extended By The Matford Green Development In Recent Years.

The Property Is Located In A 1980s Development Known As Mulberry Court, Which Is Accessed From Lustleigh Close, A No-through Road Leading Off Matford Park Road. Mulberry Court Comprises A Terrace Of Ten Office Units, And Occupiers Include Passmore Care, Coastal Recycling And Oak First Investments.

Description
Unit 8 & 9 Mulberry Court Are 2 Self Contained Mid Terrace Office Units And Provide Well Presented Offices On Ground And First Floors Accessed Via A Lobby. There Is A Disabled Wc On The Ground Floor With A Kitchen And A Further Wc On The First Floor.

The Offices Are Mainly Open Plan, But With Some Demountable Partitioning.

The Specification Includes:

Large Double Glazed Windows To Front And Rear
Gas Fired Central Heating
Suspended Ceilings With Led Lighting
Wall Mounted Power & Data
Security & Fire Alarms
Unit 9 Benefits From Air Conditioning Throughout

Each Unit Has 6 Allocated Parking Spaces In The Shared Car Park.

Lease Terms
Unit 8
The Property Is Held By Way Of A Lease To Ishelp.co.uk Ltd For A Term Of 10 Years From 17th August 2022, On An Full Repairing And Insuring Basis. The Passing Rent Is £17,750 Per Annum, Subject To A Review In August 2027.
A Tenant Only Break Option Is Also Included, 17th August 2027.
Unit 9
The Property Is Being Sold With The Benefit Of A Lease To Luxury Coastal Ltd For A Term Of 6 Years From 1st November 2021, On An Full Repairing And Insuring Basis. The Passing Rent Is £18,250 Per Annum.

An Estate Charge Is Payable By The Tenant-the Current Charge For Each Unit Is Available On Request.

Proposal - Sale
The Property Is Offered For Sale By Way Of A Long Leasehold (expiring 1st July 2114), At A Guide Price Of £415,000. Subject To The Occupational Leases Providing A Total Annual Income Of £36,000 As Set Out Below. Please Contact Sole Agent For Further Details.

Vat Will Be Applied At The Standard Rate Where Applicable.

Both Parties To Bear Their Own Legal Costs In The Transaction.

Epc's Are Available For This Property. Please Contact The Agent For Further Details.

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About the Agent

Stratton Creber Commercial - Exeter

See Agent's Other Properties

Office Unit

£415,000 Freehold

Unit 8 & 9 Mulberry Court,Lustleigh Close, Exeter, EX2 8PW

Office - Available
3,200 sq ft
297 sqm

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Office For Sale Exeter

PROPERTY ID: 150160

PROPERTY TYPE

Office

STATUS

Available

SIZE

3,200 sq.ft

Key Features

Property Details

About the Agent

Stratton Creber Commercial - Exeter

Office Unit

£415,000 Freehold

Unit 8 & 9 Mulberry Court,Lustleigh Close, Exeter, EX2 8PW

Office - Available 3,200 sq ft297 sqm

Enquiry Form

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Office - Available
3,200 sq ft
297 sqm