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Mcbains

15,899 SF Vacant Industrial Building Exeter EX5 2LL £1,200,000 (£75/SF)

Executive Summary

The site offers a rare opportunity to acquire freehold land close to Exeter Airport with existing commercial and residential properties, or alternatively as a redevelopment site.The buildings are of basic construction with steel trusses, blockwork walls and asbestos corrugated roofs. Interestingly, they were built during the Second World War and used by the NAAFI for canteen and dining rooms. The commercial buildings are effectively split into three main sections with the Premier Cats Hotel occupying Units 1, 2 & 3, The Antique Showrooms (with ancillary storage and offices) in Unit 4, and a smaller detached workshop / store known as Unit 14. The two larger buildings mostly benefit from double glazed windows with either double glazed entrance doors and / or roller shutter access doors. The two larger properties also benefit from LED lighting and Units 1-3, The Premier Cats Hotel, has gas central heating (LPG Calor).The residential accommodation is of the same construction as the commercial units and located at the top, north west part of the site. This “bungalow” has been subdivided into three self-contained parts, but doesrequire updating and modernisation. In total, the accommodation comprises five bedrooms, three living rooms, three kitchens and three bathroom / shower rooms. There are three separate Council Tax assessments in Band A – see later. The residential accommodation benefits from electric heating.

Property Facts

Price £1,200,000
Price Per SF £75
Sale Type Investment or Owner User
Tenure Freehold
Property Type Industrial
Property Subtype Showroom
Lot Size 1.04 AC
Rentable Building Area 15,899 SF
Number of Floors 1
Year Built 1935
  • Listing ID: 32887983

  • Date on Market: 20/08/2024

  • Last Updated:

  • Address: Mcbains, Exeter EX5 2LL

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