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Marketed by
Unit SU12 Bedford Street, Exeter, EX1 1EU
Use Class
E
Rent pa
£215,000
Market Sector
Shopping Centre
Description
The unit situated over 3 floors, is located in a prime location in close proximity to Apple, Joules, Superdy 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 and train. With a catchment population of over 1 million, Princesshay provides 530,000 sq ft if retail and leisure space.
Key Information
Viewing
Subject to Vacant Possession. Staff are unaware of the potential disposal, any viewings to be arranged through the agents.
Accommodation
Financial
Lease Type
New Lease
Lease Term
The unit is available by way of a new 10 year leas and subject to five yearly upward only rent reviews. The lease will include provisions for a service charge, making it effectively full and repairing and insuring.
Rent
Rental offers are sought in the region of £215,000 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 to be responsible for their own legal costs. VAT References to price, premium or rent are deemed to be exclusive of value added tax unless expressly stated otherwise ad any offer received will be deemed to be exclusive of VAT.
Service Charge
The estimated annual service charge is £13,526.99 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
Sustainability
A certificate is available on request.
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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