Acting on behalf of a private client, Haarer Goss has sold 13 & 13A Whipton Village Road, Exeter to a local investor.
This three storey property comprises a ground floor shop which is let to Coral Bookmakers, and a two bedroom maisonette above. It is situated in the residential district of Whipton approximately two miles from central Exeter, and lies in a small parade of shops and opposite the Whipton Eye Centre and Sonny’s Barber shop.
The shop is let to Coral Estates Limited on a new lease commencing 29th October 2014 for a term of just over five years expiring on 28th December 2019. The lease is drawn on effectively Full Repairing and Insuring terms at an initial rent of £4,000 per annum with an upward only rent review due on the third anniversary (29th October 2017). There is no break option in the lease.
The maisonette is let under an Assured Shorthold Tenancy at a rent of £650 per calendar month.
The shop is available on its own or with the maisonette above:
Shop - Guide Price - £50,000
Shop & Maisonette - Guide Price - £155,000
For further information please contact Mark Beskeen.