.The unit is new build and ready for fit out. It benefits from frontage to 3 elevations with access from Paris Street. The double height space offers retailers a variety of fit out options including the addition of a mezzanine floor, subject to approval.
Location
The Café is located on Paris Street, at the entrance to the City Centre and directly opposite the new Princesshay passivhaus leisure development, St Sidwell’s Point, which is currently under construction and due to open near the end of 2021. The location is immediately adjacent to Southernhay, Exeter’s principal business district and a very short distance from Exeter High Street. The Café is situated at ground floor below a 120 bed student development and offers a highly prominent position. It’s immediate neighbours are the Exeter City Council offices and a large newly opened serviced office. Other nearby occupiers include Vue Cinema and John Lewis.
Accommodation
Ground floor - retail 1,205 sq ft (112sq m )
Terms
Planning We understand the premises has planning consent for the old Use Class A1 (retail) and A3 (restaurants & Cafes) use, now Use Class E, providing potential use for professional services, office, medical or fitness uses as well. All interested parties should make their own enquiries to the Planning Department of Exeter City Council on: 01392 265223 or : www.exeter.gov.uk.
Lease The accommodation is offered by way of a new lease on full repairing and insuring terms for a term to be agreed.
Rent £32,500 per annum (plus VAT).
Business Rates The property has yet to be assess for business rates. Interested parties should make their own enquiries to Exeter City Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to landlords’ discretion.
Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction
Specification
- Class E use
- Student Living Above
- Double Height frontages
- High footfall location