Large modern office suite with strong rental potential, sold at auction.
1,991 sq ft office suite in established Pynes Hill business park
A 1,991 sq ft office suite on Pynes Hill, offered at auction with a guide price of £150,000. Located on a prominent Exeter business park, the suite sits among established professional occupiers and benefits from fast broadband, excellent mobile signal and convenient transport links — attractive fundamentals for income-seeking buyers.
The accommodation is well-equipped for immediate occupation or re-letting: air conditioning/heating, raised access floors, perimeter trunking, carpeted finishes, kitchenette, alarm and two access doors that allow subdivision. The current estimated rental value is £25,000–£30,000 pa, presenting clear income potential against the guide price for investors.
Important sale details and material considerations: the property is leasehold (125 years from 24/11/2000 — c.99 years remaining), VAT is applicable, and the vendor is a liquidator. The lot will be sold at public auction on 23rd October 2025, so buyers should allow for auction reserve risk and purchaser due diligence ahead of bidding.
Practical positives include on-site parking at a modern business park and very low local crime. Drawbacks for some buyers include the leasehold tenure, VAT chargeability, auction sale process, and the need to verify service charge and occupancy details before purchase. This lot suits investors seeking a lettable office asset in a strong suburban business location, or occupiers wanting a flexible, well-serviced suite subject to lease terms.