Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
48-52 High Street & 19-21 Cathedral Yard
Unbroken freehold block held in 3 separate titles, which is a rarity in the City Centre with the majority of the prime holdings being held long leasehold from the Council.
Dual frontage to the High Street and Cathedral Yard overlooking Exeter Cathedral.
Prime mixed use investment incorporating retail, leisure and office use.
Total building area of c.31,684 sq ft.
Tenants include Burger King, Cote, Waterstones, Adecco and Cavendish Insurance.
WAULT to expiry of c.5.90 years and c.5.32 years to break.
Good prospects for rental growth.
Asset management opportunities to consider conversion of the offices to residential use and active existing tenant upsize requirements and replacement tenant initiatives.
Tenure:
Freehold
Yield:
8.28 %
Price:
£7,000,000
Contact:
Philip Hay
phay@jacksoncriss.co.uk
020 7637 7100
07770 580 590