Zenith_ Magdalen Road_ Exeter

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					Telephone 01392 20 1748
www.drewpearce.co.uk                 For Sale - 2 Office Buildings with Parking
                                     Zenith, Magdalen Road, Exeter
E-mail commercial@drewpearce.co.uk
  Description and Situation
  This offers an almost unique opportunity to purchase these two office buildings with generous car parking provision in the much sought after St Leonard’s
  area, within easy walking distance of the City centre. These prestigious premises are located on a key arterial route into the city with a prominent and
  high profile frontage. To the rear is a luxury residential development which has been the subject of a comprehensive refurbishment to create stylish and
  well specified homes. Each of the office buildings incorporates a substantial amount of arctic blue double glazing to the front making these suites light and
  airy, with both buildings also enjoying reserved car parking to the front.

  Exeter is the capital city and county town of Devon and has firmly established a reputation of being the commercial centre of the South West. The city has
  a population of approximately 110,000 with a ‘drive to work’ population of some 480,000 within a 45 minute catchment area. The two mainline railway
  stations are within walking distance as is the central shopping area with the nearly completed Princesshay Retail scheme. Access to the main trunk roads is
  good with the M5 (junctions 29, 30 and 31) and the A38/A380 and A30/A303 dual carriageways. Exeter airport is approximately 8 miles distant with regular
  national and international flights.

  The offices would suit a variety of users subject to any necessary planning consents to include professional practices, estate agents, financial services or
  administration based office users seeking a quality building with ample car parking in a prominent and very visible location on the edge of the city. We
  strongly recommend an early inspection.

                                                                                  Zenith House                                       144.0 sq.m (1,550 sq.ft) max

                                                                                  This is the larger of the two buildings and is arranged on three floors. The ground
                                                                                  floor has an impressive glazed reception area leading to an inner lobby and a large
                                                                                  open plan office with 2 large floor to ceiling windows. This area would particularly
                                                                                  suit a customer facing user where a semi retail facade was an advantage. Leading off
                                                                                  this inner lobby is a toilet plus additional disabled toilet.

                                                                                  A staircase then leads up to the first floor which comprises a substantial open plan
                                                                                  office, which could easily be subdivided into 2 areas (by the purchaser), a secondary
                                                                                  manager’s office or a meeting / interview room and a storage cupboard.

                                                                                  The second floor is a stunning open plan space with fantastic views from the curtain
                                                                                  wall glazing to the whole front elevation over the city and beyond to the surrounding
                                                                                  countryside. This area would make a wonderful training or meeting area, or could
                                                                                  possibly suit an open plan administration office or call centre.

                                                                                  The building will be finished to a high standard including suspended ceilings on the
                                                                                  ground floor with plastered finish on the first and second floors, gas fired central
                                                                                  heating system, category 2 lighting throughout the offices, perimeter trunking for
                                                                                  power and data cabling and carpeting to the office areas and staircases with ceramic
                                                                                  floor tiling to the reception area and ground floor lobby.




Drew Pearce, 14 Cathedral Close, Exeter, Devon EX1 1HA             Tel: 01392 20 1748        Fax: 01392 20 5009          Email: commercial@drewpearce.co.uk
                                                                                           EXTERNALLY
                                                                                           To the front of the building is a forecourt area with reserved car parking for each
                                                                                           building. Zenith Lodge benefits from 2 reserved car parking spaces, whilst Zenith
                                                                                           House has 5 spaces, with the ability to double park a further 3 cars to provide a total
                                                                                           of 8 car spaces.

                                                                                           PRICE
                                                                                           These are unique buildings in the city and represent a one off opportunity to acquire
                                                                                           a landmark building with generous car parking. Offers are therefore sought upon a
                                                                                           guide price of £300,000 for Zenith Lodge and £500,000 for Zenith House.

                                                                                           VAT
                                                                                           Purchasers are advised that VAT is chargable on the sale of these buildings.

                                                                                           TENURE
                                                                                           The buildings are available on 999 year leases or alternatively the freehold may be
                                                                                           available subject to certain provisions concerning their use and external signage.

                                                                                           LEGAL COSTS
                                                                                           Each party to be responsible for their own legal costs involved in this transaction.

                                                                                           SERVICES
Zenith Lodge                                           88.25 sq.m (950 sq.ft) max          Mains water, drainage, gas and electricity are available.

This unique building is arranged on two floors and offers wonderful and characterful       VIEWING
space with fantastic natural light and interesting shapes. On the ground floor is an       Strictly by prior appointment only with the vendors sole agents, Drew Pearce, for
entrance vestibule with a toilet, further disabled toilet and kitchen. Leading off of      the attention of Tony Noon.
this area is a feature stainless steel staircase with hardwood treads leading up to the
first floor. To the rear of the lobby is a door to a generous ground floor office with a
large window to the front and rear elevation.

On the first floor at the head of the stairs is a blue glass surround to the top of the
stairs into a stunning office with full height arctic blue glazing to the front
elevation. A raised area provides the opportunity to sub divide this area into 2
offices, or leave as one open plan area, with its wonderful curved full height arctic
blue glazed elevation with attractive open views.                                          Tel:          01392 20 1748
Again the premises will be finished to a high specification including a ceramic tiled
floor to the entrance lobby with carpeting to the office areas on both floors.                                Email:
Suspended ceilings will be fitted at ground floor, plastered on the first floor, with      commercial@drewpearce.co.uk
category 2 lighting to all office areas plus perimeter trunking for power and data
cabling and a gas fired central heating system throughout.                                 Ref No – 60/2853




Email: commercial@drewpearce.co.uk                                                                                                         www.drewpearce.co.uk
                                             PROVIDING INDEPENDENT PROFESSIONAL ADVICE
                                               ON A FULL RANGE OF PROPERTY MATTERS

                             COMMERCIAL PROPERTY                                                                         RATING VALUATIONS
                       COUNTRY HOUSES AND ESTATES                                                                          ASSET VALUATIONS
                             INVESTMENT PROPERTY                                                                         HOMEBUYER SURVEYS
               DEVELOPMENT AND REDEVELOPMENT SITES                                                                         BUILDING SURVEYS
                     GENERAL PROPERTY MANAGEMENT                                                                            BUILDING DESIGN
                                  LEASE RENEWALS                                                                    MAINTENANCE AND REPAIRS
                                    RENT REVIEWS                                                                               PARTY WALLS


                             For a full selection of current properties please visit our website
                                                         www.drewpearce.co.uk

Exeter Office: Drew Pearce                                                                                                                    Plymouth Office: Drew Pearce
14 Cathedral Close                                                                                                                                           7 The Crescent
Exeter, Devon EX1 1HA                                                                                                                              Plymouth, Devon PL1 3AB
Tel: 01392 20 1748 Fax: 01392 20 5009                                                                                               Tel: 01752 20 1748 Fax: 01752 20 4798
Email: commercial@drewpearce.co.uk
Property Misdescriptions Act: For clarification, we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. We have not carried out a
detailed survey nor tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. No person representing DREW PEARCE has any
authority to make or give any representation or warranty whatever in relation to this property.
Floorplan For Illustrative Purposes Only. Please note that DREW PEARCE uses every endeavour to ensure the accuracy of its floorplans, however this plan is not necessarily drawn to scale
and is intended to provide an approximate layout only. If any of the elements of the plan are important to you, please carry out your own inspection or contact DREW PEARCE.
                                                                                                                                                       D219 Printed by Ravensworth 0870 112 5306

				
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posted:7/14/2012
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