Offers over
£3,000,000
Property for saleExeter City Centre Car Park, 2 Southernhay Gardens, Exeter EX1
Leasehold
About this property
Key Points
Lift access to Premier Inn reception Able to operate 24 hours 999 year lease from March 2016 Development Site / Phase 2 - expired consent to extend the hotel site
Description
The basement car park is laid out over three levels providing 150 car spaces plus motorcycle and bicycle parking. It benefits from lift access to the Premier Inn reception as well as an internal lift between floors.
The car park is able to operate 24 hours a day, although any buyer will need to install an access control system.
Due to the design of the hotel and car park, the landlord/Premier Inn retains overall responsibility for the repair and maintenance of the structural parts of the building of which the car park forms part and the wider Estate, with the costs being recoverable by the landlord through a service charge regime.
Lease details will be provided setting out the inter-relationship between the car park and the adjoining Premier Inn.
The Development Site
Known as Phase 2 in all documentation the development site forms part of the Premier Inn and car park development being formed by the ground floor slab on which the hotel was built.
The site does not benefit from rights of access to the highway. Any buyer will need to agree access rights of the adjoining Law Courts land.
Location
Accessed from Southernhay Gardens, the site sits on the edge of the City Centre, next to Exeter Law Courts and the main City Centre office developments around Southernhay. All city centre amenities are a short walk. The car park sits beneath the Premier Inn Exeter City with the development site to one side, sitting between the hotel and the Courts.
Immediately surround the site is Dean Clarke House, an attractive office and residential development which is also home to The Cosy Club, a popular bar and restaurant.
Viewings
Please refer to the brochure for viewing arrangements.
Terms
The car park is available at offers over £3.0 million exclusive of VAT.
Description
The basement car park is laid out over three levels providing 150 car spaces plus motorcycle and bicycle parking. It benefits from lift access to the Premier Inn reception as well as an internal lift between floors.
The car park is able to operate 24 hours a day, although any buyer will need to install an access control system.
Due to the design of the hotel and car park, the landlord/Premier Inn retains overall responsibility for the repair and maintenance of the structural parts of the building of which the car park forms part and the wider Estate, with the costs being recoverable by the landlord through a service charge regime.
Lease details will be provided setting out the inter-relationship between the car park and the adjoining Premier Inn.
The Development Site
Known as Phase 2 in all documentation the development site forms part of the Premier Inn and car park development being formed by the ground floor slab on which the hotel was built.
The site does not benefit from rights of access to the highway. Any buyer will need to agree access rights of the adjoining Law Courts land.
Location
Accessed from Southernhay Gardens, the site sits on the edge of the City Centre, next to Exeter Law Courts and the main City Centre office developments around Southernhay. All city centre amenities are a short walk. The car park sits beneath the Premier Inn Exeter City with the development site to one side, sitting between the hotel and the Courts.
Immediately surround the site is Dean Clarke House, an attractive office and residential development which is also home to The Cosy Club, a popular bar and restaurant.
Viewings
Please refer to the brochure for viewing arrangements.
Terms
The car park is available at offers over £3.0 million exclusive of VAT.
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