Retail premises for sale in 15-16 Blackboy Road, Exeter, Devon EX4

City centre mixed use investment

Popular student location

Two lock up shops and self-contained three bedroom maisonette

Potential rental income £27,850 p.a.

Guide price: £355,000

Blackboy Road is an arterial route into the city centre of Exeter from the North East with both high footfall and passing traffic. The property is prominently situated close to the junction of Blackboy Road with the Western Way (inner bypass) and Sidwell Street, where the city centre shopping district commences.

The location is on the north western perimeter of the city centre where the retail district meets the inner resident areas of St James and Polsloe.

In the immediate vicinity of the property are a number of independent retailers, a public house and is popular with both student and non student accommodation. There is a short stay car park to the front of the building and of a number of other car parks within easy walking distance.

The property is a three storey mid terraced period building comprising two ground floor lock up shops and a self-contained three bedroom self-contained maisonette.

The two retail units are occupied by a Vape shop and a sport nutrition outlet and the maisonette on the first and second floors is currently vacant as the owner has decided to sell the freehold interest. The maisonette has over the past 10 years and more been let to students and comprises three bedrooms, bathroom, living room with access to a large private balcony and kitchen. The spacious accommodation benefits from double glazed units and gas fired central heating.

The property is not registered for VAT.

Both parties to bear their own legal costs in the transaction.

Maisonette: E

Retail Units: For further information please contact the sole agents

15A Blackboy Road: The property is held by way of a Law Society lease to Pindy Charls for a term of 7 years from the 1st October 2022 at a passing rent of £4,500 per annum. The rent is reviewed 1st October 2024.

16 Blackboy Road: The property is held by way of a Law Society lease to Marcus Blagdon for a term of 1 year from 1st August 2019 at a passing rent of £5,940 per annum. The lease has expired and the tenant is currently holding over.

Maisonette: The maisonette is vacant and has an estimated rental value of approximately £17,500 per annum. Approximately £485 pcm per person, based on three persons sharing.