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2 Southernhay Gardens Exeter, EX1 1SG
Use Class
E
Size
4,591 sq ft
Rent pa
£57,500
Market Sector
Retail & Shopping Park
Description
Prime leisure/restaurant space available in the centre of Exeter.
A unique opportunity has arisen to let prime leisure spaces in the heart of Exeter.
The modern units, based in the ground floor of the Premier Inn building in Southernhay Gardens, offer bright modern, air conditioned spaces suitable for a number of uses.
The property is located in a prominent and high profile location in Southernhay Gardens, a busy, affluent area, home to a number of the city’s best-known professional firms including solicitors, accountants, surveyors, private banks and financial advisors. The district is also a centre for medical and therapy businesses as well as having a number of hotels, a restaurant and a wine bar.
Unit 1 is perfectly suited to a gym configuration with added benefit of changing facilities and air conditioning.
Currently fitted as a boutique exercise studio, Unit 2 is available for a variety of leisure, retail, hospitality or even office uses, subject to obtaining appropriate planning consents and vacant possession. Built to a modern specification the unit has toilet & staff facilities, air conditioning, heating and fully fitted lighting so is readily able to be converted from its existing use. Viewings can be arranged by appointment.
Location
Exeter’s vibrant mix of high-street shops and independent boutiques, and its vast array of places to eat and drink, make it the perfect location for work and leisure.
Exeter has a primary catchment population of 448,000 people, ranking it 19th in the UK on this measure. The catchment population has grown by more than double the national average over the period between 2017-24 and this trend is forecast to continue between 2024 and 2027.
Similarly the forecasted growth in retail/leisure expenditure over the period 2024 to 2027 is nearly three times the UK average and Exeter is ranked 4th in the UK on this measure.
Accommodation
4,591 Sq.Ft
The proposed units will provide the following approximate gross internal areas.
Financial
Lease Term
The unit is available on a new effectively full re- pairing and insuring lease of 15 years subject to a 5 yearly upward only rent reviews. Individual unit service charge figures available on request
Rent
Unit 1: £57,500 pax. Unit 2: £27,500 pa.
Costs
Each party are to pay their own legal costs incurred in connection with the transaction.
Business Rates
To Be Assessed, further detail on request
Sustainability
Available on request.
Disclamier
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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