36B Burnthouse Ln 600 SF Retail Building Exeter EX2 6DE $174,478 ($290.80/SF) 6.50% Cap Rate

Offers are invited in excess of £130,000 for the freehold offering an investor a return of around 6.50 %.
The premises are situated on Burnthouse Lane opposite the Dolphin Public House close to the Lane’s junction with Topsham Road in this densely populated residential area. Although Burnthouse lane is predominantly residential this location also houses various retail units serving the wider area. The unit is a single storey lock up shop with ancillary storage. The unit is let and fully fitted out as a popular and well-established The Dolphin Fish & Chips.
The premises are currently let to Kong Wing Cheung t/a The Dolphin Fish & Chips on a lease for a term of 10 yrs from 16.10.23 on full repairing and insuring at £9,000 per annum subject to rent reviews every 3 yrs based on the RPI.