You are advised to download and read the legal documentation prior to bidding.
Log in to view legal documentsYou are advised to download and read the legal documentation prior to bidding.
Log in to view legal documentsTO BE INCLUDED IN OUR 2nd DECEMBER AUCTION
(Unless Sold Prior)
Advance Notice
– Preliminary Details
The property occupies a prominent position on North Street in the heart of Exeter city centre. It lies close to the junction with High Street, with Cathedral Yard, the Guildhall Shopping Centre, restaurants, bars, cultural attractions and city-centre amenities all within easy walking distance. Exeter is the principal commercial and administrative centre for Devon and benefits from strong road and rail connections. The central location supports both residential and commercial demand.
Four Buildings arranged as Ground Floor Shops and Upper Parts requiring modernisation on a site area of approximately 0.15 Acres arranged as follows:
Top Floor
• Ancillary Accommodation
Second Floor
• Ancillary Accommodation
First Floor
• Ancillary Accommodation
Vacant Ground Floor Shop 7-8
• Retail Premises
EPC Rating: TBC
Vacant Ground Floor Shop 9
• Retail Premises
EPC Rating: TBC
Ground Floor Shop 11
Let on an IRI lease ending on 11th March 2030 at £28,000 per annum.
EPC Rating: C
Courtyard Space
Planning Consent has been granted by Exeter City Council on 5th March 2025 for the Extension to Create Additional Storey, Conversion and Internal Alterations of the First, Second and Third Floors to form Nineteen Flats. Copies of the plans and consent are available for inspection. (Planning Reference: 24/0207/FUL).
Note 1: There may be potential to create an additional fifth-floor penthouse, subject to planning permission and other necessary statutory approvals. No representation is made that such consent will be granted.
Note 2: The approved residential scheme comprises 19 apartments with a proposed net internals area of approximately 1,365 sq m (14,539 sq ft). The three commercial units provide approximately 310 sq m (3,336 sq ft).
Note 3: We have been advised that no CIL or Section 106 contributions are payable.
Producing £28,000 per annum from the Ground Floor Shop 11 let as shown and Vacant Possession of the Ground Floor Shops 7-8, 9, and Upper Floors
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Legal Documents