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Parade of 16 Shops (including Boots, WH Smith, Co-op, Vodafone, Greggs, and Holland & Barrett), Exmouth

20 Parade, Exmouth EX8 1RW, UK

Basic Facts

Property ID: 12910 Post Updated: 2021-03-03 07:41:59
Status: Tenure: Freehold
Gross Rent: £ 922,375 VAT applicable: Yes

Property Description

  • Freehold Unbroken Mixed Parade Investment.
  • Substantial property which comprises of a prominent multi-let retail parade, primarily occupied as ground floor retail space.
  • The Magnolia Centre comprises a parade of 16 retail units providing well configured ground floor sales accommodation with ancillary accommodation at first floor level.
  • The service yard and loading bays are to the rear of the properties. The properties are of brick elevation with pitched roofs.
  • Tenants include Boots, WH Smith, Co-op, Carphone Warehouse, Card Factory, Vodafone, Greggs, and Holland & Barrett.

Location Description

  • Exmouth is a historic port and costal town situated in South Devon, which benefits from all year tourism. It’s an important commuter town for Exeter, which is 12 miles to the north.
  • Located in affluent South Devon coastal town with a population of 49,000 people.
  • The properties are situated in Magnolia Centre which is at the heart of Exmouth’s retail offer.
  • Chapel Street is the prime retail pitch within Exmouth and national multiples in the close vicinity of The Magnolia Centre include Superdrug, Costa Coffee, Mountain Warehouse, Iceland, Oxfam and Peacocks. The Co-op provides the principal food store for the town centre.

Additional Notes

  • Please contact team or further details.

Features

Above £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Prime location
Suitable for a SIPP

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