Retail/Shop For Sale, Exeter

The property is situated towards the upper end of Fore Street being an extension of Exeter's High Street. Fore Street is a vibrant city centre position with independent boutique and niche retailers as well as café's and restaurants. The premises are situated in a busy trading position close to Thomas Moore, Futon Company, London Camera Exchange, Amplifon Hearing Centre and Hospiscare.

Income Producing Investment Opportunity

Ground Floor Shop (long Leasehold - New 999 Year Lease)

Approx: 1,098 Sq Ft (102.03 Sq M)

Popular And Established Trading Position

Also Available With Vacant Possession Subject To Negotiation

The Property Is Situated Towards The Upper End Of Fore Street Being An Extension Of Exeter's High Street. Fore Street Is A Vibrant City Centre Position With Independent Boutique And Niche Retailers As Well As Café's And Restaurants. The Premises Are Situated In A Busy Trading Position Close To Thomas Moore, Futon Company, London Camera Exchange, Amplifon Hearing Centre And Hospiscare.

Description
The Property Comprises A Ground Floor Self-contained Lock Up Shop With Well Configured Sales Space Together With W/c And Staff Facilities To The Rear.

Accommodation
The Property Comprises A Net Internal Floor Area Of Approximately 1,098 Sq Ft (102.03 Sq M).

The Property Is Registered For Vat. It Is Anticipated That The Transaction Will Be Treated As A Transfer Of A Going Concern (togc).

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

An Epc Is Available For This Property. Please Contact The Agent For Further Details.

The Property Is Being Sold With The Benefit Of A Lease Of The Ground Floor Shop Let To Michael Hugh Davies For A Term Of 10 Years From 25th March 2020 On A Contributory Full Repairing And Insuring Basis Of 40% Of The Total Costs. The Passing Rent Is £13,500 Per Annum And Subject To Review At The 5th Anniversary Being 25th March 2025.