Office for sale in Communications House, Avocet Road, Sowton Industrial Estate, Exeter, Devon EX2

Freehold office investment

Impressive headquarter building

22,853 sq ft on approx: 1.3 acres

75 car parking spaces

Strategically located close to M5 Motorway

Passing rent: £190,000 p.a

Potential for rental growth

Guide price: £2,500,000

Communications House is situated on the Eastern edge of the city of Exeter just off Junction 29 of the M5 Motorway (Exeter North).

It offers unrivalled access to the M5 and the regional trunk road network as well as public transport access to the city centre around 3 miles away via the Park & Ride service which runs from a terminus which is approximately 300m away.

The Sowton Estate is also served by the Digby and Sowton railway station which offers connections to destinations in Exeter and East Devon. Exeter is an historic and University city and is the main administrative and commercial centre for Devon with a resident population of approximately 130,000 and a catchment population of 500,000 within a 40 minute drive time.

Exeter is situated some 79 miles south of Bristol, 40 miles north of Plymouth and 200 miles to the west of London. The city has its own Airport and is served by a comprehensive intercity rail service from Exeter St David's with a fastest journey time to London of approximately 2 hours.

Exeter has attracted a number of major occupiers and organisations to locate in the city recent years including the Met Office, Ashfords Solicitors, South West Water and edf Energy.

The property comprises the headquarters of South West Communications now part of the Focus Group.

The property comprises a modern two storey business unit mainly arranged as offices together with a warehouse and mezzanine storage. The offices provide a variety of open plan large office space together with a number of individual offices including high quality board room and Directors offices. There are also training rooms, workshops, warehouse with mezzanine above and a number of breakout areas with canteen/kitchen and staff w/c facilities. The property is built of modern traditional construction with block cladding and galva prime cladded roof, fully insulated with solar panels, double glazed windows, air conditioning, suspended ceilings and Category 2 lighting.

To the outside there is a tarmaced car parking area for approximately 75 cars including 2 disabled spaces and a concrete yard area in front of the warehouse roller shutter doors.

The site is enclosed by secure metal fencing and gates.

The property has been elected for VAT and therefore it is anticipated that
the transaction will be treated as a Transfer of a Going Concern (togc).

Both parties 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 held by South West Communications Group Limited (now Focus Group) by way of a lease dated 9th February 2021 for a term of 12 years on a full repairing and insuring basis subject to a Schedule of Condition. The passing rent is £190,000 per annum and subject to review on the 7th anniversary (2028). There is a tenants option to break at the 4th (2025) and 8th (2029) anniversaries subject to 6 months prior written notice.

Focus Group was established in 2003 and has grown into one of the UK's leading
independent providers of essential business technology. For further information;