3 Colleton Crescent, St Leonards, Exeter
A wonderful opportunity to buy this INVESTMENT/DEVELOPMENT property that is located on one of the best roads in Exeter on Colleton Crescent. We are selling the entire building apart from the top floor flat. The remaining 4 floors have planning permission to be developed into two 3-bedrooms maisonettes which would be circa 2000 square foot each. In addition to this any buyer would own the freehold to the entire building and the 100 foot rear garden which has potential to have a further 4-bedroom Mews house developed on it (subject to planning).
Colleton Crescent is perhaps the finest group of Georgian town houses in Exeter. The crescent, which is Grade II* Listed, is mentioned in Pevsner’s ‘The Buildings of England’ and was built in 1802 by Matthew Nosworthy who was also responsible for Barnfield Crescent and Southernhay. At the start of the nineteenth century, business in the city was on the increase and Exeter was a thriving and bustling trading centre. The crescent of four storey town houses stands in a commanding position above the quayside overlooking the River Exe, the canal and the countryside beyond. Testament to the prosperity of the merchants who were profiting from the canal redevelopment which allowed larger and larger ships to navigate from Topsham to Exeter Quay, the crescent is the epitome of what was considered to be the finest and most elegant in architecture at that time. Indeed, such is its prominence that the famous English landscape artist J M W Turner chose to feature Colleton Crescent rather than the Cathedral as the focal point for his work ‘A view of Exeter’ painted in 1827.
Minutes from the city centre, Colleton Crescent is however hidden away from the busy streets, traffic and shoppers. Thus it enjoys relative peace and quiet, a fine outlook over the charming park opposite and some of the best city views up and down the river and canal.
Exeter is the regional capital of the South West and has been inhabited for over 2,000 years. It is possible to see traces of every major period of English history in the architecture. The skyline is dominated by the Cathedral of St Peter and the remains of the Roman city walls are still preserved in places. In the past there were stories about secret underground passages linking the cellars in the crescent to the quay where smugglers could unload their contraband and take it away, avoiding detection by the customs officers.
Exeter offers great business and retail opportunities with a modern shopping precinct, major chain stores including John Lewis, speciality boutiques, open air markets, restaurants, cafes and wine bars. There is also a range of quality leisure and sports facilities catering for all ages, including golf, swimming, athletics, rugby and football. The River Exe, canal and quayside provide a perfect waterside area for people to live, work and relax. There is sailing, canoeing, rowing and fishing for the sports minded, whilst the network of waterside pathways enable both cyclists and walkers to enjoy the natural surroundings.
Communications are excellent with access to the motorway network via the M5, an expanding international airport and two mainline stations providing services to London Paddington and Waterloo, and Penzance in Cornwall.
Currently let until Spring 2020 (see tenancy schedule below)
EAD Ground, first and second floors (EAD) lease expires 27th January 2020 £22,500 pa
Lower ground tenants (Yellow Mouse Studios) until 3rd May 2023 £3750 pa - break clause 4th May 2020 (providing 6mths notice)
- Planning permission for two maisonettes
- Iconic building
- Stunning location