Haarer Goss, Exeter based chartered surveyors

Property News

NEW - 20 Cowick Street, St Thomas, Exeter
October 6, 2020, 10:52 am

This three storey investment property is entirely let to a single long-standing tenant and comprises a ground floor shop (trading for over 25 years as a Post Office), together with a self-contained two bedroom maisonette on the first and second floors above. 

The premises are prominently located on Cowick Street, a main arterial route leading to Exeter City Centre, which is approximately a mile away.  Cowick Street is a popular location with a good mixture of national and independent retailers. The property lies opposite to the St Thomas Shopping Centre where occupiers include the Co-Op supermarket, Nat West, Greggs, Dominos, McColls and Lloyds Bank and is served by a large public car park (free for the first two hours). 

The shop is presented in good order with a suspended ceiling with recessed lighting.  There are two counter positions at the rear of the shop for the Post Office staff together with a separate office / store and a toilet. 

The maisonette is accessed from St Thomas Court to the side via steps.  The maisonette consists of a kitchen and living room on the first floor with two bedrooms and a bathroom on the second floor.  The maisonette has recently been refurbished internally having been newly decorated and carpeted, and a new bathroom suite installed.  The maisonette also has new double-glazed windows to the front and rear, and there is some night storage and electric heating on the first floor.

Externally, at the rear of the shop, there is parking for 2 / 3 cars, accessed from St Thomas Court.  The freehold of this useful parking and bin storage area at the rear has recently been acquired by the Vendor and will also be included in the sale.

Offers are sought in the region of £275,000 for the freehold interest in this property with the benefit of the current tenancy.