6th May 2014
Alder King markets Exeter office property suitable for headquarters
Property consultants Alder King have been instructed by Lorne Stewart plc to market Barley House, a two storey office building on Marsh Green Road on the established Marsh Barton Industrial Estate, Exeter.
The property comprises 6,420 sq ft (597 sq m) of accommodation, with an ancillary workshop and car parking area.
The premises are held by way of a long leasehold interest from Exeter City Council based on a 99 year ground lease from 1964 at a fixed ground rent of £125 per annum.
Scott Rossiter, partner in Alder King’s Exeter office, says: “The price for the long leasehold has recently been reduced to £350,000 to stimulate more demand in an improving market.
“Alternatively the premises are available on a new occupational lease at a starting rental of £32,000 per annum, subject to lease terms and covenant.”
For further information regarding the availability of the long leasehold or occupational lease, please contact the sole agents Alder King on 01392 353080.