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Unit B, Portland House, Longbrook Street, Exeter, Devon, EX4 6AB

For sale: £400,000.00|2,880 |General Retail, Retail - High Street, Leisure Property, Pubs/Bars/Clubs, Retail, Licensed & Leisure

Property details

FOR SALE£400,000.00
SIZE2,880
ADDRESSUnit B, Portland House, Longbrook Street, Exeter, EX4 6AP
TYPEGeneral Retail, Retail - High Street, Leisure Property, Pubs/Bars/Clubs, Retail, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON18th October 2019

Description

City centre restaurant investment for sale. Close to Exeter High Street. Long leasehold - 246 years remaining @ peppercorn rent. Let to "The Stand Off" Irish Bar/Restaurant. Rent: £35,000 p.a. rising to £40,000 p.a. April 2022. Net initial yield 8.40% rising to 9.60% April 2022. Guide price: £400,000.

Location

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Location: Unit B, Portland House, Longbrook Street, Exeter, EX4 6AP

Exeter Central (0.3 miles)

St James Park (0.4 miles)

Exeter St David's (0.7 miles)

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