Investment Properties for sale in Exeter

View the "Mixed Use Commercial and Residential Premises - To be Sold by Auction 6th June 2019" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Mixed Use Commercial and Residential Premises - To be Sold by Auction 6th June 2019

Exeter, Devon, England

  • Freehold Price: £360,000 guide price
Seller Reference: CD-90057
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Business Description
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Seller Reference: CD-90057
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Business Description
The property comprises a 4 storey mid-terrace period building with large ground floor lock up unit and a self-contained 4 bedroom maisonette above. The ground floor and rear first floor are let to Papa Johns Pizza on a 15 year FRI lease commencing 07/03/2016. Papa John's UK operates over 400 stores in the UK and reported turnover rose 19% to £67,256,000 in the year to 31 December 2017, pre-tax profit of £6,423,000, up from £5,268,000 in 2016. The maisonette (1,345 sq.ft. - source EPC) is accessed via Cowick Street and let on an AST for 12 months from 20/11/2018 at £700 pcm. We believe the current market rent is in the region of £1,100 per calendar month. Energy Ratings: Retail E/122, Residential E/48.
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• Mixed-Use Investment
• Ground Floor Let to Papa Johns
• 4 Bedroom Split-Level Maisonette above on AST
• Secondary Trading Location, edge of City Centre
• 15 year FRI lease commencing 07/03/2016
• Income £30,400 per annum
• To be Sold by Auction 6th June 2019
Location Details:
155 Cowick Street
Listed by:
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