Lingerie Shop in Exeter

£35,000 Leasehold
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eclipse7

Lingerie Shop in Exeter

Eclipse Lingerie, 18-19 Waterbeer Street, Exeter, Devon, EX4 3EH

A much sought after high-quality lingerie & clothing boutique, situated in the very heart of Exeter, Devon. Owner operated successfully with part time staff for many years and only now placed onto the open market because of imminent retirement. These prime positioned premises are within a shopping mall alongside Sainsbury, WHSmith, Animal, Mothercare and Primark. The mall having just undergone a total transformation and now offering an impressive food court which has further increased the overall footfall. Early viewings are highly recommended....


LOCATION

This business is located on Waterbeer Street which is located in the very heart of the cathedral city of Exeter, Devon. With circa 125,000 inhabitants swelling over three fold on a daily basis due to incoming employment within the city. Eclipse is situated within easy access to all main arterial road links, train & bus station and also several large carparks within short walking distance away.

 

BUSINESS

The business has been successfully owner operated for many years is much  loved by locals and visitors alike. Providing high-end lingerie, swimwear and clothing which would be hard to find south of the top-end stores in London. However, this niche market was taken advantage of which proved highly lucrative for many years, However, because of imminent retirement the business has been operated recently with reduced hours to suit lifestyle choice. We the agent feel there is tremendous scope to expand taking advantage of online, longer opening hours and also utilising the upstairs floors. Actual trading accounts will be made available following a formal successful viewing.

 

ACCOMMODATION

 

Beautiful double frontage with large window display with part glazed door into:

 

GROUND FLOOR

 

RETAIL AREA 1

5.61m  x 3.93m

With large front window display, slat-boarding to all walls, beamed ceiling, wood flooring and spot lighting throughout.

 

RETAIL / COUNTER AREA 2

4.89m x 3.91m

With window display, slat-boarding to all walls, beamed ceiling, wood flooring and spot lighting throughout. Benefitting from a bespoke counter with el-till, telephone and broadband connection.

 

RETAIL AREA 3

5.35m  x 2.81m

With slat boarding throughout, suspended ceiling 2 x dressing rooms and window overlooking inner courtyard.

 

 

RETAIL AREA 4

L- shape

7.63m x 3.02m, 1.97m x 1.28m

With slat boarding throughout, wood flooring, and spot lighting and 2 x dressing rooms.

 

STORE 1

2.95m x 2.75m

Large ornate wrought iron gates securing this area.

 

FIRST FLOOR

 

RETAIL AREA 5

3.80m x 3.58m

With tiled effect flooring, slat boarding, spot lighting and windows to front.

 

RETAIL AREA 6

4.44m  x 3.62m

With tiled effect flooring, slat boarding, 2 x dressing rooms, and windows to front.

 

STORE 2

4.30 x 4.20

 

STORE 3

4.67 x 4.14

 

OFFICE

3.80m x 1.94m

With window to front

 

STORE 4

9.13m  x 3.15m

With 4 x windows to inner courtyard

 

STORE 5

4.29m x 2.67m

With 3 x windows to side

 

SECOND FLOOR

 

ROOM 6

5.23m x 3.85m

With 2 x velux windows.

 

ROOM 7

5.23m x 4.20m

With 3 x cloak rooms and 2 x windows to rear.

 

TENURE

LEASEHOLD

We understand that the premises are held on a 21 year lease from 2002 with a passing rental of £45,000 however, this includes the adjoining successful business which pays £20,000 per annum which reduces the overall rent payable to £25,000 per annum.

Price guide £29,000 leasehold plus stock at valuation

Legal ingoing tenant to pay landlord reasonable incurred assignment / set up lease costs

 

 FIXTURES & FITTINGS

Trade fixtures , fittings and equipment with the exception of our vendor’s private inventory  will be included in this sale.

 

SERVICES

Mains electricity, water and drainage are all connected.  However, no testing of these services has been undertaken by the Agents, Ware Commercial

 

BUSINESS RATES

Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk

 

VIEWINGS

All viewing and enquiries are to be made through the Agents, Ware Commercial

Tel: 010803 328880

Email: info@warecommercial.com      www.warecommercial.com

 

 

 


Misrepresentation Act: Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.