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Marketed by
Unit SU11 Catherine Street, Exeter, EX1 1QA
Use Class
E
Rent pa
POA
Market Sector
Shopping Centre
Description
Subject to Vacant Possession. Staff are unaware of the potential disposal.
Princesshay provides 530,000 sq ft of retail and leisure space.
The unit is located in a prime location in close proximity to Apple, Joules, Superdry and Fat Face.
Location
Exeter is the largest retail centre in the region of Devon and offers three of the UK's most successful department stores. The city has a thriving student population of 28,000.
Princesshay shopping centre is located in the heart of Exeter, easily accessible by car, bus, train.
Key Information
Viewing
Viewings to be arranged through the appointed agents.
Accommodation
Financial
Lease Term
The lease will include provisions for a service charge, making it effectively full repairing and insuring.
Rent
Rental offers are sought in the region of £220,000 per annum exclusive of service charge, insurance, rates and VAT, payable quarterly in advance.
Rates
Interested parties are advised to verify the current rates payable with the Local Authority.
Costs
Each party is responsible for their own legal costs.
Service Charge
The estimated annual service charge is £21,896.29 per annum.
Tenure
Leasehold - The unit is available by way of a new 10 year lease and subject to five yearly upward only rent reviews.
Rates
This Property is Part of a Shopping Centre
Princesshay
Exeter is the largest retail centre in the region of Devon. The city has a thriving student population of 39,000+. Princesshay shopping centre is located in the heart of Exeter, easily accessible by car, bus and train. With a catchment population of approximately 1.7 million, Princesshay provides 530,000 sq ft of retail and leisure space. The centre attracts wealthy ACORN groups with 79% of visitors being made up from the top 4 most affluent ACORN categories.
Disclaimer
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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