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AGENT'S DETAILS


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

For sale: £400,000.00|2880 |General Retail, Retail

PROPERTY DETAILS

FOR SALE£400,000.00
SIZE2880
ADDRESSMaisonette, 31 Longbrook Street, Exeter, Devon, EX4 6AB
TYPEGeneral Retail, Retail
TENUREInvestment Opportunity, Under Offer, 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

Location: Maisonette, 31 Longbrook Street, Exeter, Devon, EX4 6AB

Exeter Central (0.3 miles)

St James Park (0.4 miles)

Exeter St David's (0.7 miles)

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