Specifications
Summary
Description
Investment Sale
Fore Street, Exeter Investment
Location
The property is located on Fore Street which is extremely popular with independent traders and benefits from good footfall all year round. The property is situated in a prominent position on the street with Taunton Leisure, Thomas Moore, Co-Op and The Real McCoy in close proximity.
Description
The property consists of a ground and lower ground floor retail premises currently let to two occupants under two separate leases. The ground floor benefits from a glass frontage and additional storage in the basement. The lower ground floor accommodation leased to the current occupant benefits from a small studio room and further storage adjacent.
Leases
The Ground Floor
The property is currently let to a private individual (who has been in occupation for approx. 6 years) on a 5 year Internal Repairing and Insuring lease dated 1st March 2022 (expiry 1st March 2027) at a passing rent of £10,400 per annum.
Lower Ground Floor
The property is currently let to a private individual (who has been in occupations for 8 years) on a 5 year Internal Repairing and Insuring lease dated 4th April 2022 (expiry 4th April 2027) at a passing rent of £17,160 per annum.
Price
The investment is available at Offers in Excess of £350,000 which equates to 7.59% NIY taking purchasers costs at 3.80%
