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42 bedroom property for sale
South Street, Exeter EX1
£6,500,000
South Street, Exeter EX1
£6,500,000
Our Summary
- Francis Louis are delighted to present Concord House, an exceptional investment opportunity in the heart of Exeter
- This offers buyers the unique opportunity to expand their acquisition further and maximise income potential
- With its high-quality finish, secure income stream, and flexible acquisition structure, this is a rare opportunity to secure a fully let, income producing block in one of the South West’s most desirable and fast growing citiesInvestment Opportunity – Concord House, Exeter - Francis Louis are delighted to present an exceptional investment opportunity in the heart of Exeter
- This landmark building now comprises a total of 28 beautifully refurbished apartments, alongside valuable long-leasehold and development potential
Description
Francis Louis presents Concord House, a renovated landmark building in Exeter's city center, offering an exceptional investment opportunity. The property features 28 high-quality, energy-efficient apartments, with 14 two-bedroom and 14 one-bedroom units, generating a strong rental income of approximately £465,000 per annum. The residential section is fully let, providing immediate and secure returns for investors. The property is being sold on a new 999-year lease, allowing investors to acquire the residential block exclusively and retain flexibility to continue renting or sell off individual apartments in the future. Additionally, the property includes three commercial units and two car parks, which can be incorporated into the deal or acquired separately. With its prime location, high-quality finish, and secure income stream, Concord House presents a rare opportunity to secure a fully let, income-producing block in one of the South West's most desirable cities.