Guide Price £1,100,000
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Accommodation Summary

Fully refurbished City Centre HMO
10 en suite rooms + 1 studio apartment
Gross income in excess of £93,000 pa
Located on the corner of Southernhay
Grade II Listed

Directions

From the Wilkinson Grant & Co Exeter office, walk down to the High Street and across towards Princesshay. Passing Debenhams on your left, continue into Southernhay where you will find 49 Magdalen Street as the very last building on the left. The front door is on Magdalen Street.

Situation

Located in the historic Southernhay area of Exeter a stones throw from Exeter's Princesshay Shopping Centre and the Cathedral. The city centre boasts an excellent selection of shops, restaurants and cafes. Exeter offers plenty of quality sports and recreational facilities, including golf, swimming, athletics and has both rugby and football clubs. The River Exe, canal and Quayside are just a short walk away where sailing, canoeing, rowing and fishing can be enjoyed.

Description

The property is a Grade II Listed townhouse that has been completely reconfigured and restored by an experienced student accommodation developer. The aim was to make the building as operationally efficient as possible whilst creating an inviting environment for student tenants.

The building was completed in July 2019 and fully let by the end of August 2019. Gross income is in excess of £93,000. https://number49.com is a bespoke website created for the building. Number 49 is located in the City centre, close to St Luke's campus and within walking distance of the main campus. The current tenants are mostly main campus and tell me that proximity to the City centre is more important than being close to the University main campus.

Property info

Freehold