Multi Million pound investment in Exeter Sold

The Hospiscare building, 2 Trusham Road Marsh Barton, Exeter, has been sold on the open market in a multi million pound transaction. The property has been purchased by a locally based fund and was on the market at offers in excess of £2.1million. The entire freehold property was purchased some 7 years ago by a local investor after Devon County quit the building which was surplus to requirements as a storage facility. The property was subsequently re let to Hospiscare for a 10 year term and that investment has now been realised and sold. Hospiscare will remain in occupation and continue to operate from the premises. The entire site extends to just under 1.25 acres and provides some 3,016.59 sq.m. (32,467 sq.ft.) of accommodation in 2 buildings.