Retail premises to let in 4 Cathedral Close, Exeter, Devon EX1

The property consists of a Grade II Listed retail premises over the ground, first and second floors. There is also a good sized basement & 3rd floor area for storage and additional courtyard garden to the rear.

The ground floor benefits from a wide frontage and good sized open plan sales area with additional rear sales, w/c and access to the garden behind. The first floor is well configured to accommodate further sales (having previously been utilised for beauty therapy) as well as access to the second storage from the middle staircase.

Location

The property is set in a prominent position in Exeter city centre overlooking the cathedral and its gardens. The property is located close to the High Street and Catherine Street with many of the city's prime shops, bars and restaurants within a few mins walking distance. The location itself is very popular with tourists who come to visit the Cathedral and numerous independent shops and restaurants already in occupation at Cathedral Close.

Other occupiers in close proximity to the property include Cote, Eat on the Green, The Ivy and The Devon and Exeter Institution. Hubbox, Lorna Ruby and Lloyds Lounge are located on Catherine Street as well as the newly redeveloped Hotel Indigo only a minutes walk from the property.

Accommodation

We have relied on the following provided floor areas which are on a net internal area basis measured in accordance with the RICS Code of Measuring Practice (6th Edition).

Ground floor - 42.36 sq m (455.96 sq ft)
Ground floor WC - 2.64 sq m (28.41 sq ft)
1st floor - 36.51 sq m (393 sq ft)
2nd floor - 33.90 sq m (365 sq ft)
3rd floor - 43.01 sq m (463 sq ft)
Basement - 29.17 sq m (314 sq ft)
Total - 184.95 sq m (1,991 sq ft)

Planning

The amended use classes would mean this property could be used for E class uses which include retail, cafe/restaurant and coffee shops.

Rent / Price

£29,000 pax

Business Rates

From the Valuation Office Agency website () we understand that the current Rateable Value is £25,500.00 therefore making the approximate Rates Payable £12,475.00 per annum for 2023/24.

Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

C (64)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

The property has been elected for VAT and therefore VAT will be charged on the rent.