14th October 2013

Exeter city centre commercial investment property offers potential

Alder King have been instructed as joint agents with Aaron Fox to dispose of the freehold interest in 20 North Street, Exeter.  This commercial investment opportunity in the heart of the city centre offers potential for future development to residential, subject to relevant planning permission being obtained.

 

The three storey period property is currently let to Just Waxing UK Limited on a five year lease from February 2013 and expiring February 2018.  The current rent is £12,000 per annum subject to a tenant break at the end of the third year.

 

Lee Southan of Alder King’s Exeter office says: “This property will appeal to investors and developers alike as the property has great potential and is located on a popular thoroughfare just off the High Street.”

 

For further information, please contact Lee Southan at Alder King on 01392 353080 or Philip Ellis at Aaron Fox on 01392 204303.