Summary - 2, SOUTHERNHAY GARDENS EX1 1SG
1 bed 1 bath Commercial Property
**Standout Features:**
- Development site in Exeter City Centre with potential for residential or mixed-use projects.
- 999-year lease from March 2016, providing long-term ownership security.
- Large area of 1,223 square feet with lift access to Premier Inn reception.
- Basement car park with 150 spaces, including provisions for motorcycles and bicycles.
- Proximity to city amenities including bars, restaurants, and cultural sites.
**Concerns:**
- Expired planning consent for hotel site expansion; new buyer will need to explore acquiring access rights from adjacent properties.
- Future development may incur service charges for maintenance tied to the Premier Inn and car park.
**Summary:**
This exceptional development site situated in the vibrant Exeter City Centre presents a unique opportunity for investors or developers looking to take advantage of a prime location. Surrounded by modern amenities, this 1,223 sq. ft. space boasts lift access to the adjoining Premier Inn and plentiful parking options, while the long lease offers peace of mind for future endeavors. Although the site comes with expired consent for expansion and lacks direct access rights to the highway, its potential for residential or mixed-use development remains compelling Given its prime location, act quickly—such opportunities in cosmopolitan neighborhoods do not last long!
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