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Businesses & Properties For Sale & To Let

Jump to News and Completed Transactions

 

For Sale: Two Shops / Hairdressing Salon with Maisonnete above - Sidmouth

Info: The Old Manse is an interesting freehold property with retail and residential accommodation, on the Sidmouth High Street. The ground floor is comprised of two retail shops with a shared entrance door and hallway. The larger unit had previously been a Ladies Hairdressing Salon for over 30 years and the smaller shop was previously sublet as a busy ‘Nearly New’ Dress Agency. The Salon is still equipped for use and, if required, the loose inventory items can be purchased by separate negotiation.

Approached via a seperate entrance, there is a good sized two bedroom Maisonette with some fine roofscape views. The property also benefits from a pleasant and manageably sized rear garden.

This is a good opportunity for someone looking to buy their own freehold Hairdressing Salon, with spacious accommodation above. It will also greatly appeal to Property Investors looking for some commercial rental income with residential accommodation, perhaps for use as their own main residence, a holiday home or for additional rental income.

Price £425,000 Freehold Please contact us for details
For Sale: Kitchen Corner and Market China & Glass - Exmouth

Info: This is a retirement sale of a busy Kitchenware and China and Glass retail stall located in Exmouth Town Centre in Devon, near the main entrance to the seaside town’s popular Indoor Market.

The retail proposition is to offer good value for money for better quality products; also a more extensive product range than competitors such as Poundland. Friendly, helpful and knowledgeable advice is also an important feature of this interesting little business. This may best suit a husband and wife team or other partnership.

Established for over 37 years, the Exmouth Indoor Market has around 50 stalls offering a wide and eclectic selection of interesting and useful goods through speciality retailers, in a friendly informal market atmosphere.

Exmouth is a popular place to live and work and, during the summer months in particular, Exmouth and the surrounding area is a popular tourist destination within a short driving distance of picturesque open countryside, the Dartmoor National Park, an attractive coastline and pretty seaside towns and villages.

Price £22,500 Please contact us for details
For Sale: Former Village Surgery - as a Renovation Project to return to Residential Use - Silverton

Info: This interesting property was converted (and extended) in circa 2004 from a three bedroom semi-detached house into a Doctors’ Surgery; a purpose which it served until mid-2016 when the Practice moved to Thorverton.


It is now offered for sale as a renovation project, with planning permission to return it to residential use (Mid Devon District Council ref. 16/00985/FULL). Whilst the planning permission is in place, the conversion back into a domestic dwelling house will require Building Regulation approval, which will likely include the insulation of the walls and floors.

The property is approximately 400 metres from Silverton Village centre with its breadth of amenities, which include a Convenience Store and Butchers; Primary School; Churches and Village Pubs. The location of the village within the beautiful Exe Valley is particularly appealing due to the lovely countryside in which it sits and the ease of travel to Exeter, Tiverton and beyond..

Price £165,,000 Freehold Please contact us for details
For Sale: A Single Building Plot - Silverton

 

Info: An individual building plot, with planning permission for a two bedroom detached bungalow with off road parking.

The site is approximately 400 metres from Silverton Village Centre, with its breadth of amenities, which include a Convenience Store and Butchers; Primary School; Churches and Village Pubs. The location of the village within the beautiful Exe Valley is particularly appealing due to the lovely countryside in which it sits and the ease of travel to Exeter, Tiverton and beyond..

The planning drawings and planning approval have been dealt with by JD Architectural Design and we think the site represents a good opportunity for small developers and private buyers alike.

Guide Price £100,,000 Please contact us for details
For Sale: Iconic Dartmoor Property with Shop, Family Sized Accommodation and Planning Consent For Two Maisonettes

Info: Located on The Square in Chagford, Devon are the premises formerly occupied for over 100 years by Webber & Sons - the iconic independent retailer of traditional Hardware and General Merchandise.

In order to sell off another part of the site for residential development, the retailing area of the Shop has been reduced in size to approximately 1,420 sq ft. Upstairs has retained all the spacious first floor accommodation, which includes a Lounge and separate Dining Room, a Kitchen, a separate Utility Room and 4 Bedrooms. There is also nice garden and two car parking spaces.

Prospective purchasers will also be interested to learn that planning approval has been granted to convert the retail area into two smaller shop units.

The planning approval also permits a conversion of the first floor accommodation into two separate Maisonettes, with accommodation on the first floor and in the currently unused roof space. Each Maisonette would have its own private access. The first Maisonette would have a Lounge/ Kitchen/ Dining Room and 4 Bedrooms. Whilst the second Maisonette would have a Lounge/ Kitchen/ Dining Room, a Study and 2 Bedrooms.

Price £625,000 Freehold Please contact us for details
For Sale: Barn with planning approval for a single residential property in Chagford  

Info: Formerly one of two barns that were part of the warehouse area at the rear of Webber & Sons, one of Chagford’s oldest retail shops.

Full planning permission has been granted to allow the demolition of some of the surrounding store areas. This has revealed a pair of granite buildings, each of which has residential planning consent - and one of which has already been sold. The detailed drawings have been prepared and submitted by Mr Tim Williamson, of well regarded Exeter Architects, Heighway Field and they offer the potential for a beautiful three bedroom character property, with first floor living rooms and Dartmoor views. There is also a pleasant but manageable garden and car parking.

Chagford is a bustling vibrant community, yet just off The Square are some tranquil, quiet residential areas which are well kept secrets. The location of this barn is just such a spot. Once the barn conversions are completed, a new private drang (pedestrian path) will be built linking them to The Square in just 50 level paces. Vehicular access is via a private road to onsite parking.

Price £300,000 Please contact us for details
For Sale: Freehold Restaurant

Info: A modern, purpose built, 128 cover restaurant; spacious and nicely fitted out, with a well planned commercial kitchen; ancillary areas; and private car parking for 32 cars.

Part of a destination venue on Heron Gate Taunton, near to a prominent B&Q and a very busy McDonalds 24 hour drive through; a Hollywood Bowl Ten Pin Bowling Centre; and a modern 8 screen Odeon Cinema.

Nearby retailers include Sainsburys; Mothercare & Early Learning Centre; Bensons Beds; and Ponden Home Interiors. Also, on the Taunton Retail Park, are The Hankridge Arms; Costa Drive Through; Pizza Hut; Currys; Staples; PC World; a newly opened The Range; a Travel Lodge Hotel; and the Heron Gate Small Business Park, with five, high profile office suites.

Mandarin House has traded as a popular Chinese Buffet Restaurant for over 12 years and has a seven day a week lunch time and evening trade.

Price £590,000 Freehold Please contact us for details
For Sale: Leasehold Greengrocer and Fruitier's

Info: A traditional Greengrocer & Fruitier’s has been established at this main road address in Exeter for over 30 years. It is part of a prominent parade of shops in ' Whipton Village', which is a residential area of Exeter. The emphasis of the business is on fresh, quality, class one fruit and vegetables, with particular regard to local produce. The shop also retails pet foods, bird seed and bedding plants and there is a small delivery round.

This leasehold interest also includes a three bedroom Maisonette, with its own private access.

The accommodation is currently occupied by the vendors and their family but it may be let out separately on an Assured Shorthold Tenancy.

Price £15,000 Leasehold Please contact us for details
To Let: Ground, First & Second Floor Offices - Exeter

Info: Let for many years as professional offices, these well presented, single or suite of offices are available at an all inclusive rent and have, over the years, proved to be popular with the owners of small and growing businesses. Current and previous tenants have included Insurance Brokers, Healthcare Advisors, Recruitment Consultants, Land Surveyors and Tree Surgeons.

52 Cowick Street is near to the old Parish Church of St Thomas the Apostle. This end of Cowick Street has, in more recent times, become an area for professional office users, including Chartered Accountants Steiner & Co and Cartridges Solicitors.

Currently available to let are the four, first and second floor offices. The various rooms sizes are: 305 sq ft, 209 sq ft, 172 sq ft and 177 sq ft. Flexible lease terms are available and car parking spaces.

  Please contact us for details
For Sale or To Let: Hot Food Takeaway - Tiverton

Info: Currently closed to trade, Zorba's is a small Hot Food Take-Away, located on a busy main road leading into and out of Tiverton. The property is also within the neighbourhood shopping area of Westexe South, which services the adjoining residential area around the periphery of Tiverton Town Centre.

Established as the Pizza Base in 1988, the shop was completely refurbished to a good standard in 2008.

This is a freehold sale but terms for a new lease will be considered.

Price: £36,000 Freehold Please contact us for details
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News & Completed Transactions

 

Sold : Well Established Butchers - Exeter

 

We were pleased to be instructed to market and sell the premises formerly occupied by Pipers Farm, a well established Exeter Butchers specialising in the sale of their own high quality Devon meat, produced from slow grown, grass fed traditional native breeds.

With the shop being prominently located on Magdalen Road amongst other independent and complementary speciality retailers, our Clients and I were conscious of the need for us to find another high quality operator, who would add value to Magdalen Road's Parade of speciality food shops. However there was little need for concern because, with several good quality enquiries quickly coming forward, we were able to ask for sealed bids with final and best offers. We are pleased to report that the successful applicant was Ben's Farm Shop, who will be opening shortly after a smart refurbishment.

Please note that meat and other delicious products from Pipers Farm are still available to purchase online.

   

Let : City Centre Retail Warehouse and Workshop - Exeter

 

We were pleased to let this very useful retail and warehouse space to Otto's Antiques, who have made a very nice job of redecorating the exterior of the property and moving their business up from the bottom end of Fore Street.

Located in the ancient Western Quarter of the City, with over a 1,000 sq ft but still close enough to the busy City Centre and Fore Street, this is an ideal base for Otto's Antiques and the Macskimming family, with its now busy workshop and retail space.

Anyone who is a familiar with Drew Pritchard's TV programme Salvage Hunters will particularly enjoy a visit to Otto's Antiques and appreciate the range of interesting goods on display; also the great effort involved in making it all happen.

   
Sold : The Wool Shop - Exmouth

 

For customers with an interest in wool and haberdashery, the Wool Shop was a great place to visit, with lots of interesting stock and accessories. The property had been home to a wool and haberdashery business for much of the last 80 years. Indeed the splendid feature shop front was put in by the first retail owners, the ‘Scotch Wool Company’, who at the time had over 300 branches nationwide.

However, despite our very best efforts to find a buyer, in the end we had to reluctantly accept that there are structural changes going on in the retail world and, with the internet and very tight profit margins, the time had come for a different user. Sadly a closing date was agreed and, as anticipated, there was very strong demand for the freehold interest.

   
Sold : Pirouette Bridal Wear - Exeter

 

 

Pirouette is a well established Exeter Bridal Wear Shop, offering great personal service and beautiful wedding gowns by Lou Lou, Maggie Sottero and Sottero & Midgley. As if this wasn't enough, this lovely Bridal Wear Shop is also located in an incredible Tudor building, which is a part of the City's historical heritage and known as - 'The house that moved'.

As we anticipated, there was a good level of interest in the business but, in the end, we were pleased to agree terms with Mrs Marian Couch, who, as the Manageress for Pirouette, already knew the business very well.

   
Sold : Independent Wine Merchants - Chagford

A lovely Independent Wine Merchants, specialising in a range of quality Wines, Beers and Spirits and a friendly and helpful customer service.

Also a lifestyle business set in tranquil Chagford, in the middle of the glorious Dartmoor countryside. We had a good level of interest in the business and were pleased to sell to an experienced businessman, with good vineyard experience and the passion to develop the business further.

   
Sold : Bike Shop & Cycle Hire

Exmouth Cycles was originally established for Cycle Hire but then gradually expanded to meet the increasing local demand for Bicycle Sales and Accessories, Repairs and Servicing.

Located by some of Devon’s most beautiful seaside scenery, Exmouth has developed as a hub for some keen cycling enthusiasts; some enjoy cycling as a sport, whilst others combine it with cycling to work or cycling for pleasure and fitness.

Again we had a good level of enquiries and were pleased to sell Exmouth Cycles to another keen bike enthusiast, Mr Andrew Grist.

   
Sold : Retail Shop and Convenience Store - Tiverton

 

 

A well presented, purpose built, retail shop, located in a small shopping parade within a well established residential area on the periphery of the Mid Devon market town of Tiverton.

We previously sold this nice little Convenience Store to the present owner some years ago and so we were very pleased to be able to market and sell the property again.

At an asking price of £85,000 for the shop and £100,000 for each of the two flats, there was a good level of enquiries from private individuals, particularly multiple retailers. However in the end the Purchaser was a local businessman with multiple interests in the Town and good experience in the Convenience Store market.

   
Sold : 12 North Street, Ashburton

 

 

Sometimes our sales and marketing assignments take an unexpected turn. This is what happened with 12 North Street, which was originally for sale as the Ashburton Branch of Best Cellars. A local property investor took a fancy to this conveniently located property, with its two bedroom maisonette above, and purchased it on a sale and leaseback, so that Best Cellars Ashburton could remaining in situ.

   
Sold : Bridel Cottage, Shobrooke

After being involved with various property management issues at Bridel Cottage, we were pleased to take on a joint agency with well regarded Crediton Estate Agents Helmores, who were able to assist in generating a good deal of interest in the property, with its extensive grounds and lovely open views.

However, before bringing the property to the market, we first wanted to deal with any potential problems and, with this thought in mind, employed the professional services of Exeter Architects Heighway Field, who quickly secured planning approval for a new vehicular access.

   
Let : Retail Shop, Exmouth

Letting a vacant shop isn't just about finding an experienced retailer, it's also very much about finding a good business proposition which will complement the other shops on the Parade and help to attract more new customers. We were therefore delighted to let Units 1 & 2 Brixington Parade to Living & Lifestyle Mobility, who retail a high quality range of scooters and wheelchairs; rise & recline chairs; stairlifts; day living aids; and much more besides.

The premises have been nicely refurbished and a high quality service and real customer care are at the very heart of this exciting new business.

Pictured outside the new shop front are the Sales Manager, Helen Kennedy, and Sales Director, Sarah Ford.

   
Let To : Ladbrokes

Unit 6 Brixington Parade had originally been the Parade’s Butchers Shop for over 20 years. However, along with many other small traditional businesses, family butchers are now much fewer in number.

After some shorter term lets, we were therefore pleased to be approached by Ladbrokes, that well regarded national bookmaker, who has made a substantial investment in their new shop and, like us, they are very pleased with the outcome.

 
Sold : Broadway House & Tearoom

 

A beautiful property, with a great deal of ambient charm and character, Broadway House is a magnificent, 3 storey, red brick, Georgian House set inside an historic walled garden with many fine period features. It was formerly a Gentleman’s Residence, which for many years has traded as a quality Georgian Guesthouse, with nine letting rooms, a Tearoom/ Dining Room and Garden.

We acted jointly in the sale of Broadway House with popular Exeter Estate Agents Saleboard and a good deal of interest was shown by Hoteliers as well as private individuals looking to buy a prestigious family home.

Gerald and Heather Knee have been the owner managers of Broadway House for over 30 years, during which time Heather's legendary culinary skills and homemade scones and jam had become greatly appreciated by all her regular customers and visitors alike. However a well deserved rest and retirement was beckoning and so, with a brave but heavy heart, Broadway House was sold to a kindly local Doctor, with a passion for its architecture and style.

   
Pub Rent Review : Thorverton

Having spent his early days as an Estates Manager for Whitbreads and then Courage Brewery, our Mr Crossley is always happy to be involved in licensed property matters.

Pub rent reviews are different from other commercial properties, in the sense that the market rent should take into account the' Fair Maintainable Trade' or trading potential of the property at the date of review.

Generally speaking, pub rents have fallen quite markedly since the boom years and some of the PLC company Landlords, who own large estates of pubs, have a difficult problem on their hands when the accumulative effect of falling rents starts to have an impact on their own balance sheet. As can therefore be imagined, the process of pressing the rents down to where they should be is both time consuming and arduous. However, in the end, the Landlord of this lovely Thorverton Inn graciously agreed to reduce the rent by just over 50%.

   
Sold : The Larder - Wellington

 

 

 

We were very sorry to have to bring the Larder to the market following the sad death of its founder and leading light, Mr Philip Seldon, who, with the help of Mrs Denise Flint, had run this busy little Delicatessen for 18 years. During this time The Larder was best known for its delicious, locally sourced cheeses, sliced ham and bacon.

For many people delicatessen food is an interesting retail concept and so, not surprisingly, there was a lot of interest shown. However in the end the business was sold to the enigmatic Ms Caroline Taysom, of online gift store Aspen & Brown, who quickly put her own considerable business experience and retailing skills to good effect.

As Business Transfer Agents for small retail businesses, it's always an encouragement to us to see new owners take on a long established business like the Larder, re-energise it and bring it onto the next stage in its retailing life.

Following a stylish refit the business is now called Rosie's Larder and still sells delicious hams and cheeses but there is also wonderful delicatessen sandwiches to take away and tables and chairs for customers to sit and enjoy Rosie's delicious food with a drink.

   
Let : 22A High Steet - Topsham

 

Let for many years as a Consultancy Room to a local Chiropodist, we had some well located High Street premises to let for a Client in Topsham. These could also have been suitable for use as a small retail shop or professional offices.

However, after a short marketing period, two experienced local osteopaths saw 22 High Street as the place for them to help the good folk of Topsham with their muscular aches and pains and took the property as the Consultancy Room for their new venture.

After an impressively stylish refit, they opened the doors again as Osteo & Physio, with a professional and caring service in Osteopathy, Physiotherapy and Massage.

Pictured is Osteopath Mr Ben Verling ready and waiting to put his skilled hands to work on the impaired muscles and joints of Topsham.

   
Sold : E Courtney & Sons - Exeter

We were pleased to agree the sale of the famous Exeter Butchers, E Courtney & Sons, to local beef farmers Neil & Sally Grigg of Burrow Farm Broadclyst.The Vendors were Michael and Carol Lavis, with Carol’s grandparents, being the founders of the business over 80 years ago. Courtneys is well known locally for its quality meat, hogs puddings, faggots and preservative free pork sausages.

Neil and Sally farm their own Ruby Red cattle in the lush green pastures of East Devon and their own beef is now available at the Cowick Street shop as well as locally produced lamb and pork from neighbouring farms.

It  was good to see these two businesses coming together. Many consumers are now looking to their local butcher to provide affordable quality meat, which is home produced and traceable. Therefore a farming butcher located on a busy high street is the way to go.

Michael, who has stayed on to work part time said, “We are really pleased for Neil and Sally. It’s the way forward for this business and I’m looking forward to helping them settle in and teach them some of the more traditional skills."

   
Sold : Langley Common Garage - Newton Abbot

 

 

We had previously sold Langley Common Garage as a commercial investment to five  good friends, who between them had a lot of good commercial property experience and some equally impressive golfing handicaps.

Some years later, and following the sad death of one the partners, we were asked to market and sell the property again. Three different businesses were trading from the Garage at that time, with space for more. Also of interest was the prospect of a site clearance with residential redevelopment to follow; this being on account of the fact that, during the intervening years, new housing estates had been rapidly built on the soft green fields which had originally surrounded the property.

Whilst our prime objective is always to get the best price that the market will pay, when we can, we also like to see the best outcome for the business and property. We were really pleased therefore to sell the Garage to a well regarded local entrepreneur and his business partners. They have gone on to invest in the building, with a view to servicing the motoring needs of the now growing population. Langley Common Garage is a classy, 1930's, art deco style building and it's great to see a well deserved investment in its fabric and in the people who work there.

   
Sold : Applied Shopfitters

It's always a real pleasure to be involved in the marketing and sale of a successful business that is completely new to us, especially when it's got a strong element of manufacturing and service. As they came towards their retirement, we were therefore delighted to be instructed by longstanding business partners, Mr Phil Andrews and Mr John Chappell, who had started their shopfitting business from a scratch and successfully built and developed the company for over 30 years.

The purchaser of the business was a senior director of AVP Engineering, who went onto create a more specialised firm known as Applied Heritage.

   
Sold : The Old Moose Hall - Crediton

A former church building, The Old Moose Hall was, in recent years, tastefully refurbished and upgraded to a high standard by local builder Mr John Wilson. The result is a modern, high spec building, with a ground floor function suite with its own sprung dance floor. On the first floor there is a a very attractive victorian style, 2 bedroomed flat with a balcony and and splendid views.

The old Moose Hall is a fabulous property and the Purchaser is looking forward to hiring the Hall out for small funcions and parties.

   
Sold : Channel View Cafe, Exmouth

The Channel View Café in Exmouth is another business that we had very confidentially on the market. The purchaser was local businessman and popular chef Mr Aby Farmanieh. Aby and his family have many years experience in the catering industry and are well-known locally for their 14 years at the Exmouth Pavilion.

Our Client was Mr Nick Williams, who, with his wife Carol and daughter Lucy, retired after 17 very happy years at the Café. Reflecting on the sale Nick said, “having known Aby for many years, I know he will make a great success of the Channel View.”

The Café had previously been a seasonal business, which closed during the winter months. However, now renamed ‘Aby’s’, the business will be open all the year around, with a café bistro menu.

Commenting for the local newspaper at the time of the sale, we said, “despite it being quite a difficult market, there was a lot of strong interest in the Channel View Café. We were also very pleased to have been able to broker a sale which worked so well for both parties and brought Aby and his family back onto the seafront again.”

Pictured are Leila, Aby and Ashton.

 
Sold : Emmanuel School House - Exeter

As Chartered Surveyors, we are sometimes instructed to give formal advice as ‘qualified surveyors’ under the Charities Act 1993. Acting in this capacity, we went onto work with Ross Anderson, from Architects Heighway Field, to establish the redevelopment potential of the whole site. This culminated in planning approval being gained for a small residential development scheme on part of the site.

In the subsequent disposal of the old School House, we were pleased to work with Mr Mark Soper, of Whitton & Laing who acted as our joint selling agents. As an interesting refurbishment opportunity, the sale generated a good level of enquiries from developers and owner occupiers, before going out to final and best offers.

   
Sold : David Knightley Computer Services

 

 

 

Following the very sad death of Mr David Knightley, of David Knightley Computer Services, we were glad to be able to give a little help and guidance to David’s widow and business partner Louise.

 

This was not an easy situation for either party but the Purchaser, Mr Phil Bonser of ‘The Friendly Computer Man.’, acted with great integrity. Writing in the Express & Echo Louise said, ‘I am pleased and thankful to Phil for agreeing to amalgamate the two businesses and for looking after our customers.’  

Legal costs can sometimes overwhelm the sale proceeds from small business sales but Solicitor Mr Alistair Heron from Gilbert Stephens was able to produce a simple Contract of Sale, which was signed by both parties at our Southernhay Office.

 
Sold : The Maria Montessori School, Exeter

 

 

We were asked to assist in the sale of The Maria Montessori School, Exeter by Mr Bill Bloomfield after the very sad death of his dear wife Ruth, who was a cofounder of the School in 1988.

On visiting the School, I was always struck by how happy and cared for the children were and how well the School was run. Therefore finding a good buyer, who would continue with the School’s tradition was very important to Bill, his loyal staff and of course the children’s parents. Needless to say, we also felt a keen sense of responsibility to bring about a happy outcome.

Early on a keen prospective purchaser, with impeccable credentials, had approach the School and we quickly set about discussing all the necessary details and negotiating the terms. All went well until the question of pupil numbers came up. It then emerged that, deep in the planning archives at Exeter City Council, was a forgotten Section 102 Planning Agreement, which had the effect of restricting pupil numbers. To better understand the nature of the problem we brought in the services of Planning Consultant Mr John Eaton. John was formerly the Chief Planning Officer for South Hams District Council and we generally take our more serious planning problems to John.

The restriction on pupil numbers was linked to avoiding traffic congestion and, after a careful investigation and a traffic study by myself, John’s unhappy conclusion was that the 1988 Agreement was still legally binding and a suitable amendment on pupil numbers was unlikely to be forthcoming.

The ramifications of this rather devastating conclusion led to the closure of the School and a planning application being submitted for a change of use to a single residential unit.

Although the school building was formerly an elegant regency villa, it is not always easy with just one or two visits for prospective purchasers to visualise the full development and refurbishment cost; plus potential of a property. We therefore called on the services of Mr Tim Williamson at Architects Heighway Field. Tim didn’t charge a fee for his time but, after looking at the property, he was able to talk knowledgeably to prospective purchasers about their ideas. This actually proved very helpful indeed and the eventual purchaser went onto instruct Heighway Field to design and project manage a large extension and refurbishment of the property.

In the marketing and sale of the property as a house, we were pleased to instruct Mr Graham Dixon of Jackson-Stops and Staff to act as our joint selling agent. We worked closely with Graham throughout the marketing campaign and found that Jackson-Stops’ international reach and Graham’s contacts in that top end of the market brought in a good supply of ready buyers and helped us to draw out the best price in the market.

 
Ladbrokes Rent Review : Burnthouse Lane, Exeter

As commercial property surveyors we undertake retail rent reviews for Landlords or Tenants. On this occasion we acted for the Landlord and the Tenant was Ladbrokes the Bookmakers. For the right kind of business, Burnthouse Lane is quite a good location to trade from, although finding comparable rental evidence to support this supposition did prove difficult. However we were pleased to reach a negotiated settlement with Ladbrokes' Surveyor, with a good increase on the rent which, in the current economic climate, was a very pleasing outcome to report.

   
Sale, Rent Review, Dilapidations : W G Rice

 

 

 

Sometimes owners of well established businesses are able to agree a management buyout with a key member of staff and this was the situation with our longstanding Clients at WG Rice, the Wholesale Fish Merchants. In the circumstances, our involvement in the transfer of the business was more limited. However it is not possible to sell a wholesale business like WG Rice without having premises to trade from. We were therefore instructed to negotiate terms for a new lease and, acting under the provisions of the Landlord and Tenant Act 1954, we were able to secure a very satisfying 28% reduction in the rent.

When an old lease comes to an end there is also the matter of dilapidations, or disrepairs, which we were also pleased to negotiate with the Landlord's Surveyor.

   
Sold : Langans Foam, Exeter

 

 

The well known retail business of Langans Foam has been established in Exeter for over 50 years. The Purchaser, local businessman Mr Philip Kendall of Rochelle’s Curtains and Blinds, saw the opportunity to gain extra floor space for Rochelle’s and at the same time branch into Foam Sales.  

Now trading the two businesses out of Langans’ old premises on Fore Street, Philip said that he was “delighted to be bringing two well established and successful Exeter businesses together. They should complement each other really well.”

This is the second time that Cherry & Cherry have sold Langans Foam and the Vendor this time was local yachtsman Mr David Palfreman, who has now sailed away into retirement to pursue his nautical interests

 

Managed Property : An Unexpected Problem

With any property, unexpected cracks can suddenly appear and an early investigation is generally a wise precaution. On this occasion, whilst organising a program of works for a big old house that Cherry & Cherry partly manage, we carefully removed a small section of cracked cement render at the base of an old, 3 storey extension. This revealed a construction detail which comprised a rather dilapidated timber frame, with a 4” brick infill.

When faced with a sudden problem such as this, having good people around you is really important and a quick visit from Structural Engineer Barry Honeysett was followed up by Mike Moffatt Building Services moving swiftly into action with some tallboy acroprops to secure that part of the building. Mike and John then carefully rebuilt off the base of the wall in brick. Interestingly a laborious examination of the upper storey walls with a sonic scanner found no further trace of a timber frame.

 
Sold : Moreys Convenience Store, Exmouth
confidential

This popular and well known convenience store was discretely sold on a lease, with the vendors retaining the freehold property.

A very good level of interest was received from national operators but Moreys was ultimately sold to the highly experienced existing management team.

 
Sold : St Peter's Church, Broadclyst

A lack of car parking space and up-to-date facilities might have suggested limited interest in St Peter's Church. However we found strong interest in the market and went to ' final and best offers' . In the end a well regarded local businessman and landowner purchased the freehold property.

 
Let To : 'Monty's Beads', Exeter

Shop 2 Eastons Building is centrally located on the corner of Little Castle Street, just off the City Centre High Street and part of an eclectic mix of independent shops and businesses.

Reasonably priced city centre shops are not two a penny and so we had a good level of enquiries. After the usual marketing period, we were pleased to let the shop to a new venture for Exeter called Monty's Beads.

Monty's Beads is a very interesting retail concept, where customers can have their jewellery made to order or they can buy the raw materials then design and make up their own jewellery from the lovely display of quality beads, gemstones, freshwater pearls and crystals.

The well appointed basement is also given over to a workshop area for mending and for the well attended lessons.

 
Let To : 'Bladez' Barbers

Unit 3 Brixington Parade, Exmouth has been let to Mrs Debbie Gray.

What makes a good Bladez barber? "Good haircuts and good value for money are very important " says Debbie " and helping customers to improve their handsome good looks and feel good about their appearance come a strong equal third."

 
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