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FREEHOLD FOR SALE
Mixed Commercial and Residential Investment
Opportunity
Lot 1: Ground Floor Shop Only (Let to Coral)
OR
Lot 2: Ground Floor Shop (Let to Coral)
Plus Two Bed Maisonette Above (Let on an AST)
13 & 13A Whipton Village Road, Exeter, EX4 8AN
Location:
The property is situated in the residential district of Whipton approximately two miles from central
Exeter. The property lies in a small parade of shops and opposite the Whipton Eye Centre and Sonny’s
Barber shop.
Description:
This three storey property comprises a ground floor shop which is let to Coral Bookmakers, and a two
bedroom maisonette above.
The Shop Premises – 13 Whipton Village Road, Exeter
This ground floor lock-up shop is let to Coral Bookmakers and extends to 347 square feet (32.25 square
metres). The main retail area is 258 square feet (23.96 square metres) and is presented in good condition
with a suspended ceiling and inset lighting, and also benefits from dimplex heaters and air conditioning.
At the rear of the shop, there is an ancillary room / store extending to 89 square feet (8.29 square metres)
with a sink unit and water heater. There is also a disabled toilet for customer and staff use.
Please note that Coral also occupy the adjoining shop, number 15, but this is not included within this
disposal.
Tenancy:
The shop is let to Coral Estates Limited on a new lease commencing 29th October 2014 for a term of just
over five years expiring on 28th December 2019. The lease is drawn on effectively Full Repairing and
Insuring terms at an initial rent of £4,000 per annum with an upward only rent review due on the third
anniversary (29th October 2017). There is no break option in the lease.
Please note that the adjoining retail premises, numbers 11 (trading as a butchers) and 9 & 7
(Village Yarns – wool shop) may also be available as part of a separate negotiation.
The Maisonette – 13A Whipton Village Road, Exeter
The maisonette is accessed from the rear of the building and due to the sloping topography at this level is
in fact the first floor. This two bedroom maisonette is presented in good decorative order and has been
refurbished in recent years with a new kitchen and shower room. The accommodation has double glazed
windows and gas central heating throughout.
The maisonette benefits from one parking space at the rear in the private car park.
Please see the table below for approximate maximum dimensions of the maisonette.
Accommodation
Maisonette
First Floor
Kitchen
Sitting Room
Second Floor
Bedroom 1
Bedroom 2
Shower Room
Metric
(sq.m)
Imperial
(sq.ft)
3.7 x 2.0
4.23 x 3.94
12’1” x 6’6”
13’9” x 12’9”
3.95 x 3.26
3.45 x 2.62
--
12’9” x 10’7”
11’3” x 8’6”
--
Tenancy:
The maisonette is let under an Assured Shorthold Tenancy at a rent of £650 per calendar month.
Business Rates:
According to the Valuation Office Agency website, the property has an assessment which also includes
number 15 next door. The Rateable Value is £10,500 (for both units).
The maisonette is assessed separately for Council Tax, and we understand that this is Band B. Interested
parties are advised to make their own enquiries to Exeter City Council for confirmation of the assessment.
Price:
The shop is available on its own or with the maisonette above:
Shop
Shop & Maisonette
Guide Price - £50,000
Guide Price - £155,000
VAT:
Under the Finance Acts 1989 and 1997, VAT may be levied on the rent / sale price. We recommend that
the prospective tenants / purchasers establish the VAT implications before entering into any agreement.
THE CODE FOR LEASING BUSINESS PREMISES IN ENGLAND AND WALES 2007
Please see www.leasingbusinesspremises.co.uk
Asbestos Regulations:
It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and
/ or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2006 (CAR
2006). The detection of asbestos and asbestos related compounds is beyond the scope of Haarer Goss and
accordingly we recommend you obtain advice from a specialist source.
Legal Costs:
Each party to be responsible for their own legal costs incurred with the transaction.
Energy Performance Certificate (EPC):
These are attached.
Viewing:
For further information, or to view the premises, please contact Mark Beskeen at Haarer Goss.
Haarer Goss
17 Barnfield Road
Exeter
EX1 1RR
 (01392) 251171 or email: [email protected]
IMPORTANT: MISREPRESENTATION ACT, 1967.
Messrs. Haarer Goss, for themselves and for the vendors or lessors of this property whose agents they are, give
notice that: (1) These particulars do not constitute, nor constitute any part of, an offer or a contract; (2) All statements contained in these particulars as to this property are made without
responsibility on the part of Messrs. Haarer Goss or the vendors or lessors; (3) None of the statements contained in these particulars as to this property are to be relied on as statements or
representations of fact; (4) Any intending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars; (5)
The vendors or lessors do not make or give, and neither Messrs. Haarer Goss nor any person in their employment has, authority to make or give any representation or warranty whatever in relation
to this property; (6) Messrs. Haarer Goss cannot hold themselves responsible for travelling expenses, etc., should properties be let, sold or withdrawn. Date: January 2015.
Location Plans – 13 Whipton Village Road, Whipton, Exeter