£175,000
(£159.38/sq. ft)
Property for sale157 Fore Street, Exeter, Devon EX4
1,098 sq. ft
About this property
Income producing investment opportunity
Ground floor shop (Long leasehold - new 999 year lease)
Approx: 1,098 sq ft (102.03 sq m)
Also available with vacant possession subject to negotiation
Popular and established trading position
Total rent: £15,000 p.a.
Guide price: £175,000 (Long Leasehold)
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.
The ground floor has an EPC Rating of B42.
The property is sold with the benefit of a lease of the ground floor shop 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 £15,000 per annum and was agreed at review dated 25th March 2025.
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