Savills · 21 Oct 2026 · in 2 days
Freehold Vacant Retail/Restaurant Opportunity
10-12 Palace Gate, Exeter, EX1 1JA · South West
LiveLeisureFreeholdVacant
- Guide
- £350,000
- Rent a year
- ≈£34,500est.
- Yield on the guide
- ≈9.9%est.
- Payback
- ≈10 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
- Size
- 5,971 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
Savills hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
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.
Savills' record
Savills' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold leisure lot in Exeter. Offered vacant, so there's no income from day one.
Freehold Vacant Retail/Restaurant Opportunity in the Heart of Exeter Large Former Restaurant Premises of 5,971 sq ft (554.7 sq m) Arranged Across Ground and First Floors - Offering Evident Asset Management Potential Via Letting - Previously Let at £52,000 per annum Offered with Full Vacant Possession. Freehold Vacant Retail/Restaurant Opportunity. Former Restaurant Premises. 5,971 sq ft (554.7 sq m). Asset Management Potential Via Letting. Previously Let at £52,000 per annum. Potential for Alternative Uses (stc). Desirable Pitch in Central Exeter. Offered with Full Vacant Possession. Guide Price Reflects a Low £58 per sq ft. The property comprises a freehold vacant retail/restaurant opportunity located in Central Exeter. Arranged across ground and first floors with rear access and yard/parking, the property was previously used as a restaurant and is currently offered with vacant possession. The accommodation totals approx. 5,971 sq ft (554.7 sq m) and would suit a variety of occupiers. We therefore consider the property offers immediate asset management potential via letting, with the property previously being let to a restaurant occupier at £52,000 per annum. The property may also benefit from potential to convert to alternative uses, including residential (subject to obtaining the requisite consents). The property benefits from a frontage to Palace Gate, close to the junction with South Street, the area is known for bars and restaurants in Central Exeter and is close to the prime High Street pitch. Tenure: Freehold
Figures come from Savills' 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.