Studio flat for sale

OVERVIEW Presenting a unique commercial property opportunity located in the heart of Exeter, ideal for businesses looking for a vibrant and high-traffic area. This expansive three-story property is situated next to the main Exeter College, along Queen Street, the busiest road connecting the town centre to Exeter University. The location ensures a steady flow of potential customers and clients, making it perfect for diverse business ventures. LOCATION Proximity to Key Landmarks:o Exeter Central Station: Just a 1-minute walk.o Exeter High Street: A 5-minute walk away. Neighbouring Facilities:o Adjacent to Exeter College, which benefits from roughly 12,000 students.o Strategic positioning between the bustling town centre and the prestigious Exeter university, which has approximately 25,000 students.o Substantial residential areas close by, providing a steady local customer base. GROUND FLOOR Beauty Salon: A vibrant, front-facing area with bi-folding doors, currently housing a variety of beauty services including hairdressers, nail and brow technicians, a tattoo artist, and a piercer. Each professional rents space on a commission basis, creating a dynamic and cooperative environment.Caf: Another front-facing area perfect for serving the busy pedestrian traffic. This cozy caf is ideal for attracting both locals and students. UNDERGROUND SPACE Bar and Events Venue: A versatile underground area currently used as a bar and events space, specializing in popular weekly bottomless brunches. The venue holds a late licence to sell alcohol until 2 am on peak nights, making it a prime location for nightlife and special events. FACILITIES o Commercial Kitchen: A fully equipped kitchen, capable of supporting both the caf and the events venue.o Restrooms: Separate, well-maintained men's and ladies' toilets.o Office: A dedicated office space, providing a quiet area for administrative tasks.o Storage: A large basement area offering ample storage solutions.o Parking: Space for 3-4 vehicles, a rare convenience in such a central location. FINANCIALS Annual Rent: 24,000 Service and Rateable Value: Full rateable value at 12,000 per annum. Offers: Seeking offers above 100,000. BUILDING DESCRIPTION Imposing Georgian Terrace: The premises form part of an imposing Georgian terrace an impressive landmark building, easily identified by visitors to the city centre. SUMMARY This property is an excellent investment for entrepreneurs and established businesses seeking a central location with high visibility and foot traffic. Its current use as a multi-purpose venue demonstrates its versatility and potential for various commercial uses. With its prime location, comprehensive facilities, and attractive rental terms, this property is a gem in Exeter's commercial real estate market.For more information or to arrange a viewing, please contact us today.