Property Information
Address:
7-8 North Street, Exeter, Devon
, EX4 3QS
, Devon
, United Kingdom
Price: Property no longer available.
Size: 1071 sq ft99 sqm
Primary Category: Leisure
All Categories:
Leisure, Shop,
Property Ref/Movehut: MH536396
Property Ref/Agent: 7-8 North Street, Exeter, Devon, EX4 3QS
*Please use the agent ref when calling the agent directly.
Property description
Location
The property is situated in a good secondary city centre location close to the High Street, the Guildhall Shopping Centre with nearby occupiers including both independent and multiple retailers and restaurants.
Nearby occupiers include Yorkshire Building Society, Store Twenty One, Bradleys Estate Agents. McDonalds, Wilkinson, Sainsburys and Your Move.
The property benefits from an established trading location close to two large public car parks, offices and several well-known restaurants and retailers.
Exeter is the regional capital of the South West with a wellestablished business centre and popular tourist location all year round. Exeter boasts excellent transport communications with two main line rail links to London, an international airport and easy access to the M5 Motorway at Junction 30. The population of Exeter is approximately 115,000 with an estimated catchment of 325,000.
Description & Accommodation
The property comprises an attractive mid terraced three storey restaurant with function room and two selfcontained flats.
On the ground floor there is a good sized restaurant and bar with rear prep area, kitchen and store. On the first floor there is a function room, managers? office and separate male and female w/c facilities. There are two self-contained studio/one bedroom flats on the 2nd and 3rd floors with access from North Street and from the first floor function room.
Ground Floor
Restaurant: 1,071 sq ft / 99.5 sq m
Kitchen: 207 sq ft / 19.26 sq m
Prep Room: 119 sq ft / 11.03 sq m
Store: 94 sq ft / 8.75 sq m
First Floor
Managers' Office: 37 sq ft / 3.4 sq m
Function Room: 440 sq ft / 40.9 sq m
Second Floor
Flat 1: Living room, Kitchen, Bedroom with en suite shower room/wc.
Third Floor
Flat 2: Living room, Kitchen, Bedroom, Bathroom and separate w/c.
Prosposal
The property is available by way of a lease for a term to be agreed on a full repairing and insuring basis.
Rent
?37,500 per annum.
Tenants Incentives
Tenant's incentives are available subject to the lease terms agreed and covenants status.
Rateable Value
Current rateable value: ?32,250.00
Rates payable 2016/17: ?16,028.25
The 2017 Draft Valuation has listed a substantial reduction in the rateable value to ?25,500.00 with rates payable being ?12,673.50. Please speak to the agents for further information.
Energy Performance Certificate (EPC)
An EPC has been produced. The rating for the restaurant is E. The rating for the first floor flat is E and the second floor flat is D.
VAT
We understand the property is not elected for VAT purposes.
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