Specifications
Summary
Description
The unit is located in a prominent position on the High Street with a wide ground floor Gloss Frontage measuring approx. 19 ft 17 ins (5.84 m). The majority of the property consists of a large open plan basement sales/restaurant area with ancillary storage, w/cs and staff welfare accommodation.
Location
The property is located in the cathedral city of Exeter situated on the River Exe and capital city of Devon. The city itself has a population of approx. 135,000 and benefits from a a large student population attracted to the city through the prestigious Russell Group Exeter University which has a student population of approx. 30,000. The city is also a popular tourist destination which attracts quality retail occupiers to the high street, abundant leisure activities on Exeter Quay and Exmouth beach is only a 20 minute drive from the city centre.
The property is located in a prime position on the High Street with other retailers in the nearby vicinity including Tesco Express, Marks & Spencer, Skechers, Holland Barrett and Urban Outfitters.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a gross internal basis.
Ground Floor: 175 sq ft (16.3 sq m)
Basement: 4,695 sq ft (436.2 sq m)
Total: 4,871 sq ft (452.50 sq m)
Service Charge
A service charge is levied for the upkeep and maintenance of the communal areas. Please enquire for further information.
Business Rates
From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £49,500 effective from 1st April 2023. This is not what you pay and please check this directly. Current government support in this sector provides additional relief unit March 2025.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC / MEES
The property has an EPC rating of C (67).
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has been elected for VAT and therefore VAT will be charged on the rent.
