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Unit SU35 Princess Street, Exeter, SU35
Agents
Distrkt
Henry Wilson
Lunson Mitchenall
Hayley Gisborne
Asset Managers
The Crown Estate
Katherine Armstead
Will Hodge
Owner
Nuveen Real Estate
The Crown Estate
Will Hodge
Katherine Armstead
Use Class
E
Size
792 sq ft
Rent pa
£25,000
Description
New lease available
Exeter is the largest retail centre in the region of Devon. 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 of retail and leisure space. The centre attracts wealthy ACORN groups with 74% of visitors being made up from the top 3 most affluent ACORN categories.
SU35 is located on Paris Street in close proximity to Zara, Next and the bus station.
Key Information
Viewing
For viewing/ further information please contact the appointed Agents.
Legal
Each party is to be responsible for their own legal costs.
Further Infomation
Terms & Conditions
Lunson Mitchenall are obliged to verify the identity of proposed purchasers / tenants once a sale / letting has been agreed. An AML form will need to be completed by proposed purchasers / tenants once Heads of Terms have been agreed.
Accommodation
792 Sq.Ft
The unit provides the following approximate dimensions and net internal floor areas.
Financial
Lease Type
New Lease
Lease Term
The unit is available by way of a new 10 year lease and subject to five yearly upward only rent reviews. The lease will include provisions for a service charge, making it effectively full repairing and insuring.
Rent
£25,000 pa exclusive of all other outgoings.
Costs
Each party is to be responsible for their own legal costs.
Service Charge
The estimated annual service charge for 2023/24 is £7,814.50 pa.
Tenure
Leasehold - The unit is available by way of a new 10 year lease and subject to five yearly upward only rent reviews.
Terms & Conditions
Lunson Mitchenall are obliged to verify the identity of proposed purchasers / tenants once a sale / letting has been agreed. An AML form will need to be completed by proposed purchasers / 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
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 17/04/2024