Prominent city centre vacant office building with Prior Approval application submitted for 81 apartments
Exbridge House presents a rare opportunity to acquire a substantial vacant office building in a prominent and highly accessible city centre location.
The property benefits from a Prior Approval application which is currently being determined for the conversion of the existing accommodation to provide 81 residential apartments, offering an attractive redevelopment opportunity for residential developers and investors.
Equally, the property may appeal to owner-occupiers, investors or office operators seeking to retain, refurbish or reposition the existing building for continued office use, capitalising on its prominent location, generous floorplates and on-site parking provision.
The property's proximity to the University of Exeter, Exeter St Davids railway station and existing purpose-built student accommodation schemes also suggests there may be potential to explore alternative redevelopment options, subject to the necessary planning consents.
Exbridge House comprises a substantial, detached office building, arranged over four storeys around a central courtyard. The property is now vacant and has previously been occupied by British Telecommunications (BT) for many years.
The property, which was constructed in the late 1970s, is built predominantly of red brick elevations beneath pitched tiled roofs and features a combination of arched and rectangular windows, together with decorative brick detailing.
Internally, the property extends to approximately 77,000 sq ft and is predominantly arranged as open-plan office accommodation across the ground, first and second floors, with the third floor providing a mix of open plan and cellular office space. The building benefits from multiple stair cores and a central lift core.
Externally, there is a substantial surface car park providing approximately 77 parking spaces. In addition, the eastern part of the site is landscaped, comprising mature trees, shrubs and lawned areas.
Exeter is a well established regional city and the commercial centre of Devon, with a strong local economy and an affluent catchment population.
The city benefits from excellent transport connections, including two mainline railway stations providing services to Bristol, London Paddington and London Waterloo. Exeter Airport offers a range of domestic and international flights, while the M5 and A30 provide convenient road access to the wider region.
Exeter offers a wide range of amenities, including the Princesshay shopping centre, a variety of restaurants, cafés and leisure facilities, highly regarded schools, and the University of Exeter, a Russell Group institution.
A wide range of amenities are situated within close proximity to the site, including restaurants, cafés and independent retailers at Exeter Quayside (approximately 0.3 miles east), together with M&S Foodhall, Boots Pharmacy and other occupiers at Exe Bridges Retail Park (approximately 0.2 miles south). The Riverside Leisure Centre is also located approximately 0.2 miles to the south of the property.
The nearest railway station is Exeter St Thomas, located approximately 0.5 miles to the south-west. The station provides regular local services and direct access to Exeter St Davids, the city's principal railway station, in approximately five minutes, with onward connections to regional and national destinations.
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