Stratton Creber Commercial, having been initially instructed by Devon Camera Centre to sell prime retail premises at 14 Waterbeer St with Vacant possession were then retained by the buyer to market and look for new tenants and have successfully secured the letting of both the ground and first floors within weeks of the new ownership.
The ground floor lock up shop comprising a sales area of 635 sq ft (61 sq m) has been let to Flavour Vapour UK which marks the first designated electronic cigarette company to take occupation in the prime retail centre of the city.
The first floor comprising 820 sq ft (76 sq m) has additionally been let to well-established Verve Hairdressing Salon who are relocating from their existing salon on Lower North Street after strong expansion in recent years. A change of use was sought for A1 (retail) consent from D1 (medical) as the premises was previously occupied by a Ben Pearson Dentists who relocated to new freehold premises in Queen St.
Zach Maiden from Stratton Creber Commercial commented ‘Flavour Vapour had been looking at a number of sites in Exeter and were excited by the prospect of the new redevelopment of the Guildhall on the doorstep of Waterbeer Street. Exeter will bring their number of units Nationwide to 21 and they are looking to expand further.
The retail market in Exeter is still showing strong demand from all types of occupiers and Stratton Creber Commercial expect the recent optimism to continue. If you would like to discuss your retail requirements please contact Zach Maiden in the Exeter office.
