Former NHS storage facility at Marsh Barton acquired for redevelopment

Bell House, Marsh Green Road, Marsh Barton Exeter, has been acquired for redevelopment by clients of Pepper Commercial in a competitive tender disposal. The building comprises 27,651 sq.ft. on a freehold site of 1.16 acres. The building is in need of a substantial refurbishment, with the new owners expected to come forward with plans for a scheme on the site to provide a range of employment units. The property was guided at a level of £1.4m by the disposing agents which shows a freehold value of £50 p.s.f.

Both rental and freehold values on the estate are showing strong increases in recent months with lettings up significantly a dearth of stock and firming investment yields. Marsh Barton has reinforced it’s position as the go to business location in Exeter.