Retail Units & Shops

Devon

Exeter

property

Unit SU49, Princesshay, Exeter - Picture 2024-01-30-15-19-15

To Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit SU49 Bedford Street, Exeter, EX1 1QA

Owned by

Use Class

Size

1,320 sq ft

Rent pa

£87,500

Market Sector

Shopping Centre

Landlord

Frasers Group

Location

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.

Accommodation

1,320 Sq.Ft

The unit provides the following approximate gross internal floor areas.

Areas

Sq.Ft

Sq.M

Ground floor

1,034

96.06

Basement

476

44.22

Additional Contacts

Asset Managers

Sovereign Centros

Downloads

Brochure

Unit SU49, Princesshay, Brochure

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 5 yearly upward only rent reviews. Alternative lease terms may be available, please call to discuss.

Rent

Base rent: £87,500 pa 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 y/e March 2026 is £15,962 pa

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 2026: £60,500 RATES PAYABLE Y/E MARCH 2027: £26,620 Interested parties are advised to make their own rating enquiries with the local authority

Rates

Rateable Year:

2026

Rateable Value:

£60,500.00

Rates payable:

£26,620.00

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.

LM Real Estate

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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