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Unit SU49 Bedford Street, Exeter, EX1 1QA
Agents
Lunson Mitchenall
Hayley Gisborne
Matilda Farmer
Asset Managers
The Crown Estate
Katherine Armstead
Will Hodge
Owner
Nuveen Real Estate
The Crown Estate
Will Hodge
Katherine Armstead
Use Class
E
Size
1,320 sq ft
Rent pa
£87,500
Description
Exeter is the largest retail centre in the region of Devon. The city has a thriving student population of 37,000+. Princesshay shopping centre is located in the heart of Exeter, easily accessible by car, bus and train. With a catchment population of approximately 1 million, Princesshay provides 530,000 sq ft of retail and leisure space. The centre attracts wealthy ACORN groups with 66% of visitors being made up from the top 3 most affluent ACORN categories. SU49 is located on Bedford Street in close proximity to Costa, Molton Brown, Pandora and Reiss.
Key Information
Further Infomation
Terms & Conditions
Lunson Mitchenall are obliged to verify the identity of proposed tenants once a letting has been agreed. An AML form will need to be completed by the proposed tenants once Heads of Terms have been agreed.
Accommodation
1,320 Sq.Ft
The unit provides the following approximate gross internal floor areas.
Financial
Lease Type
New Lease
Lease Term
The unit is available by way of a new 10 year lease outside of the Landlord & Tenant Act subject to five yearly upward only rent reviews. Alternative lease terms may be available, please call to discuss.
Rent
£87,500 per annum exclusive of service charge, insurance, rates and all other outgoings.
Costs
Each party is to be responsible for their own legal costs.
Service Charge
The estimated annual service charge for 2024 is £16,997 pa.
Terms & Conditions
Lunson Mitchenall are obliged to verify the identity of proposed tenants once a letting has been agreed. An AML form will need to be completed by the proposed tenants once Heads of Terms have been agreed.
Vat
References to price, premium or rent are deemed to be exclusive of value added tax unless expressly stated otherwise and any offer received will be deemed to be exclusive of VAT.
Business Rates
Rateable Value 2023: £60,500 Rates Payable Est. 2024/25: £33,033 Interested parties are advised to make their own enquiries with the Local Authority
Rates
Sustainability
A certificate is available on request.
This unit is part of Princesshay
Princesshay
Home to more than 60 of the nation’s best-loved brands, Princesshay Shopping Centre sits within the Exeter city centre which has a student population of 37,000 and 35,0000+ daily commuters. With Exeter Cathedral providing a stunning backdrop, Princesshay offers visitors an exciting mix of boutique, specialist and big-brand retailers, from Apple,Oliver Bonas, Space NK, Zara and Lucy and Yak. An appealing and eclectic mix of restaurants and cafés, including Chandos Deli, Nando’s, Wagamama and Yo! Sushi, encourages extended dwell time, attracting people who are looking to make more of their shopping experience by enjoying food and drink as part of their visit. Lunson Mitchenall are the agent for Retail enquiries and Distrkt are the agents for Food & Beverage enquiries. Please email Hayley and Matilda for retail enquiries, hayleyg@lunson-mitchenall.co.uk and matildaf@lunson-mitchenall.co.uk And Henry for Food and Beverage enquiries, henry@distrkt.uk. Exeter city centre is a 20-minute drive from Junction 30 of the M5, approximately 37 miles (60km) north east of Plymouth and 70 miles (110km) south west of Bristol.
Misrepresentation Notice
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.
All data ©2024 Completely Property Technology Limited
This was last updated on 30/07/2024