McHugh & Co · 21 Oct 2026 · in 2 days
Freehold Part Vacant Buildings with Planning Permission Granted for the Extension to Create Additional Storey, Conversion and
7-11 North Street, Exeter, EX4 3QS · South West
LiveMixed-useFreeholdLet
- Guide
- £725,000
- Rent a year
- £28,000
- Yield on the guide
- 3.9%
- Payback
- 26 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- C
- Size
- 14,539 sq ft£1.93 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
C as stated in the lot details. Check the certificate in the legal pack. Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
McHugh & Co's record
McHugh & Co's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold mixed use lot in Exeter. Producing £28,000 a year, a 3.9% gross yield at the guide.
Freehold Part Vacant Buildings with Planning Permission Granted for the Extension to Create Additional Storey, Conversion and The property occupies a prominent position on North Street in the heart of Exeter city centre. It lies close to the junction with High Street, with Cathedral Yard, the Guildhall Shopping Centre, restaurants, bars, cultural attractions and city-centre amenities all within easy walking distance. Exeter is the principal commercial and administrative centre for Devon and benefits from strong road and rail connections. The central location supports both residential and commercial demand. Four Buildings arranged as Ground Floor Shops and Upper Parts requiring modernisation on a site area of approximately 0.15 Acres arranged as follows: Top Floor. • Ancillary Accommodation. Second Floor. • Ancillary Accommodation. First Floor. • Ancillary Accommodation. Vacant Ground Floor Shop 7-8. • Retail Premises. EPC Rating: TBC. Vacant Ground Floor Shop 9. • Retail Premises. EPC Rating: TBC. Ground Floor Shop 11. Let on an IRI lease ending on 11th March 2030 at £28,000 per annum. EPC Rating: C. Courtyard Space. Planning Consent has been granted by Exeter City Council on 5th March 2025 for the Extension to Create Additional Storey, Conversion and Internal Alterations of the First, Second and Third Floors to form Nineteen Flats. Copies of the plans and consent are available for inspection. (Planning Reference: 24/0207/FUL ). Note 1: There may be potential to create an additional fifth-floor penthouse, subject to planning permission and other necessary statutory approvals. No representation is made that such consent will be granted. Note 2: The approved residential scheme comprises 19 apartments with a proposed net internals area of approximately 1,365 sq m (14,539 sq ft) . The three commercial units provide approximately 310 sq m (3,336 sq ft) . Note 3: We have been advised that no CIL or Section 106 contributions are payable. Producing £28,000 per annum from the Ground Floor Shop 11 let as shown and Vacant Possession of the Ground Floor Shops 7-8, 9, and Upper Floors
Figures come from McHugh & Co's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.