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Exciting development / investment opportunity on the market in Newton Abbot

Marketing / 13 Apr, 19

Sherborne House, a 36,000 sq ft office building in the centre of the popular Devon market town of Newton Abbot is being brought to market by Sanderson Weatherall jointly with JLL.

The building comprises a former job centre, split across four floors. The second floor is let to Devon Partnership NHS trust, until November 2026, paying a rent of £98,000 per annum whilst the remainder of the property is offered with vacant possession.

Sherborne House is ideally located on the northern edge of the town’s prime retail centre and close to the bus station, market hall, market square and main shopping centre, Market Walk.

Investment partner, David Ferris commented, “This is a unique opportunity to purchase a development / investment property of this quality in this region. The offices provide good quality accommodation that offers potential either for re-letting vacant space for office use or for conversion to hotel, residential or care use.”

Offers are being invited for the property in the region of £2.75million and any interested parties should contact David on 0117 338 1817 or Andrew Pearce, JLL at 01392 429 302.

Topics: News

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