Investment For Sale, Exeter

The property is prominently situated in North Street in central Exeter. North Street is at the junction of where the High Street and Fore Street intersect in the City Centre and has a variety of mainly independent retailers. The property lies opposite the Guildhall Shopping Centre which can also be accessed from North Street.

Grade Ii Listed Period Property

Ground Floor Let Until January 2029

Maisonette On Upper Floors Sold Off

Guide Price £175,000

This Mid Terrace Grade Ii Listed Period Property Comprises A Ground Floor Shop With A Sold Off Maisonette Above. The Premises Have Traded For Many Years As Ink, For Tattoos And Piercings. The Main Shop Is Split Into Two Parts With An Attractive Entrance Area To The Front Then A Few Steps Up To The Rear Part. There Is A Separate Rear Treatment Room, Kitchenette And Toilet. In All, The Internal Accommodation Extends To 523 Square Feet (48.67 Square Metres). There Is Also A Small Rear Courtyard With Pedestrian Access To Mary Arches Street Car Park.

The Property Is Being Sold With The Benefit Of The Lease Of The Ground Floor Shop Let To Ms Abi Williamson (trading As Ink) On An Agreement Expiring 20th January 2029. This Is On A Contributory Full Repairing And Insuring Basis At The Current Rent Of £15,492 Per Annum Within The Landlord & Tenant Act. There Is A Rent Review In January 2026.

The Maisonette On The Upper Floors Has Been Sold Off On A Long Lease For A Term Expiring 20th December 2088 At A Peppercorn Rent.

The Property Is Prominently Situated In North Street In Central Exeter. North Street Is At The Junction Of Where The High Street And Fore Street Intersect In The City Centre And Has A Variety Of Mainly Independent Retailers. The Property Lies Opposite The Guildhall Shopping Centre Which Can Also Be Accessed From North Street.

We Understand That Vat Will Not Be Applicable To This Sale

Rating C51.

By Appointment Through Bruton Knowles