REDEVELOPMENT SITE, Exeter, Devon

Exeter, Devon

Guide Price £500,000

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Accommodation Summary

City Centre location
Prime Investment Location
0.13 of an acre
Approx 30m road frontage

Directions

From the Clock Tower roundabout follow New North Road and take the turning into Blackall Road. After approximately 200 metres turn left into Howell Road. Maximum Motors will be on your left after 100 metres.

Situation

Howell Road runs between New North Road and Blackall Road. In the heart of the City within walking distance of the local shops, public transport and Exeter Central and St Davids train stations. Exeter University main Streatham campus and St Lukes campus are also within an easy walk.

Description

The site is on Howell Road, close to Exeter City centre. Howell Road is a prime residential area that is popular with investors operating both student and open market rental properties. The area also attracts owner occupiers. The site is within an easy walk to the City Centre, local shops and restaurants.

The owners architect has produced sketch plans showing possible layouts for the site (Subject to Planning Consent). The site is c.0.13 acres with about 28m of road frontage. The site benefits from mains water, electricity, gas and mains drains. This opportunity is available on a "Subject to Planning" basis.

POSSESSION	Freehold
SERVICES	Mains electricity, water, gas and drains are available on site or at the periphery.
PLANNING	Currently B2 "General Industrial".

Property info

Freehold

Tenancy info

Permitted payments

For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant's behalf) the following permitted payments:

Holding deposits (a maximum of 1 week's rent);
Deposits (a maximum deposit of 5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above);
Payments to change a tenancy agreement eg. change of sharer (capped at £50 or, if higher, any reasonable costs);
Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs);
Utilities, communication services (eg. telephone, broadband), TV licence and council tax;
Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate);
Reasonable costs for replacement of lost keys or other security devices;
Contractual damages in the event of the tenant's default of a tenancy agreement; and
Any other permitted payments under the Tenant Fees Act 2019.

Tenancy protection

Wilkinson Grant & Co are a member of The Property Ombudsman (TPO) redress scheme (D00614) and are part of the Propertymark Client Money Protection Scheme (Scheme ref. C0012070).

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We are currently experiencing technical problems with our phone system which may cause issues with incoming calls. If you experience any problems ringing us, please email exeter@wilkinsongrant.co.uk We are working hard to rectify this problem and apologise for any inconvenience.