Retail premises to let in Exeter Road, Exmouth EX8

Situation and description

Exmouth is a popular and busy coastal town with excellent road and rail links. The town has a resident population of some 35,000 which is significantly increased during the summer months. It has a good retail centre with a wide range of local, regional and national retailers plus a range of banks and building societies. The premises are located in Exeter Road, just a short walk from the High Street and the Magnolia Centre with the Sea Front also within easy walking distance, but benefitting from being on a busy main road leading into the town.

Exeter, which is approximately 9 miles distant is the capital city and county town of Devon and has firmly established a reputation of being the commercial centre of the South West. The city has a population of approximately 110,000 with a ‘drive to work’ population of some 480,000 within a 45 minute catchment area. Exeter offers ease of access to all main trunk roads including the M5 motorway (junctions 29,30 and 31) and the A38/A380 to Plymouth and Torbay and the A30/A303 to Cornwall and London. The premises front a busy road, and would suit a wide variety of potential users including both retailers or Office users seeking a prominent frontage.

Accommodation

Brief details of the accommodation, with approximate maximum internal dimensions are as follows: -

Retail Unit / Office 16.45m x 3.82m (553’11” x 12’6”) max
Large glazed display window with glazed door to on side. Suspended ceiling with integrated strip lighting. Carpet tiles. 2 wall mounted hvac units (not currently working) Electric night store heaters. Power as fitted.

Kitchen Area
Fitted with stainless steel sink and drainer inset into worktops with cupboards under. Space for refrigerator. Over sink electric water heater. Power and strip lighting as fitted.

Toilet
Low level W/C suite with wash hand basin.

Externally

The premises are conveniently located with a number of public car parks available nearby.

Energy performance certificate

An EPC has been obtained, a summary is shown below, a full copy is available to download from the web site. The rating is: B 34

Rates

Rateable Value: - £7,000 2023 valuation list

A reduction of up to 100% may be available under the small business relief scheme. To see if you or the premises qualify for this relief, please contact East Devon District Council Business Rates department rent
A rent of £8,900 per annum is sought for these prominent premises, payable quarterly in advance by standing order. VAT is not charged.

Tenure

A new 6 year lease is available with an upwards only rent review at the end of the third year. The landlord will be responsible for the external repairs and decorations with the tenant only therefore responsible for the internal repairs and decorations. A mid-term tenant only break clause can also be incorporated if required. The lease will be contracted outside of the Landlord and Tenant Act.

If the lease is to be taken by a Limited Company, at least one director will be required to act as a guarantor to the lease for the duration of the term. A 3 months’ rent deposit may also be required, full details on request.

Service charge

A service charge will exist of £75 per quarter for the general Estate maintenance and shared services.

Legal costs

The tenant is to contribute £395 plus VAT towards the landlord’s legal and administrative costs, including abortive fees, for setting up the new lease.

Services

Mains water, drainage and electricity are available to the property.

Viewing

Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0806)