Acting on behalf of a private landlord, Haarer Goss, alongside joint sole agents King Wilkinson, has sold the freehold interest of 31 Queen Street, Exeter to a local private buyer.
31 Queen Street is an attractive semi-detached Victorian building arranged on basement, ground and three upper floors, conveniently situated just off Exeter’s main retail area in close proximity to all City Centre amenities.
The building benefits from a well-proportioned ground floor office with a versatile plate glass display window with return frontage. This offers an excellent opportunity for an element of retailing for A2 occupiers such as Estate / Letting Agents, Financial Consultants or Accountants for example and there are further offices conveniently situated immediately to the rear of this space. There are a variety of individual offices on the upper floors divided between front and rear and accessed from a central landing. All the offices enjoy a good degree of natural light which is supplemented by modern refractive lighting. The property is currently the subject of refurbishment works including redecoration and new carpets. The property benefits from electric night storage heating and has a fire / burglar alarm system installed.
The basement provides several storage areas together with staff facilities and male and female toilets. Further individual toilets are situated on the first and second floors as well as a modern shower cubicle. There is rear access from the basement to the car parking area.
Parking for up to six vehicles (by cooperation) is available in the rear car park.
The property was marketed at a guide price of £395,000, and due to the level of interest received, sealed bids were sought on 28th February 2014. A figure well in excess of the guide price was achieved and our client was ’delighted’ with the outcome.
Iain Biddlestone, Managing Director comments ’The market for freehold properties in the city remains strong, with demand outstripping supply. This has led to some very good results for clients selling properties in 2014. The market for commercial investment properties and those with development potential is also showing positive signs of improvement with excellent results being achieved and values similar to the peak of 2007 for sought after opportunities’.