Office in Exeter available for sale
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Office Properties for Sale in Exeter, UK

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More details for 70 South St, Exeter - Build-to-Rent for Sale

Concorde House - 70 South St

Exeter, EX1 1EG

  • Build-to-Rent for Sale
  • £7,000,000
  • 29,000 sq ft

Exeter Build-to-Rent for Sale

Paternoster House and Concord House present a rare opportunity to acquire two award-winning, fully refurbished and fully income-producing freehold assets in the heart of Exeter. Both properties have been converted to a high standard, with the works completed in 2025, creating a turn-key residential and commercial investment with no immediate capital expenditure required. The portfolio comprises 57 fully furnished apartments, providing a total of 98 bedrooms, alongside approximately 17,000 sq ft of commercial accommodation. Both buildings are 100% occupied and benefit from a prime city-centre position, close to Exeter High Street, Exeter Cathedral, Princesshay Shopping Centre, Guildhall Shopping Centre, Exeter Central Station, the University of Exeter and the Royal Devon and Exeter Hospital. Paternoster House, located on North Street, Exeter, EX4 3FR, comprises 29 apartments arranged as 5 one-bedroom, 22 two-bedroom, 1 three-bedroom and 1 four-bedroom flats. The residential accommodation extends to approximately 22,000 sq ft, with an additional 8,976 sq ft of commercial space. The property is fully furnished throughout and includes open-plan layouts, designer kitchens and bathrooms, double glazing, integrated LED lighting, an entryphone system, DDA accessibility and a passenger lift. Commercial occupiers include Søstrene Grene and Vyve Pilates, providing strong income diversification. Paternoster House is offered in excess of £13,500,000 and produces a total passing rent of £956,180 per annum, comprising £776,180 residential income and £180,000 commercial income. This reflects a gross ROI of 7.08%. The property has also been valued at £15.468m, with the residential element valued at £13.618m and the commercial element at £1.85m. Forward-looking rental analysis indicates that Paternoster House offers defensive, scale income with meaningful rental growth potential. Over a three-year period, projected blended rental income is £2.86m at the 5th percentile, £2.97m at the median and £3.05m at the 95th percentile. By year three, the blended yield is projected at 6.31% at the 5th percentile, 6.63% at the median and 6.91% at the 95th percentile, with potential upside to 7.24% under maximum growth assumptions. The fixed commercial income of £180,000 per annum provides an additional layer of security. Concord House, located on South Street, Exeter, EX1 1EG, comprises 28 apartments arranged as 14 one-bedroom and 14 two-bedroom flats. The residential accommodation extends to approximately 21,000 sq ft, with approximately 8,000 sq ft of commercial space. As with Paternoster House, the building is fully furnished and benefits from designer kitchens and bathrooms, double glazing, integrated LED lighting, entryphone system, DDA accessibility, a passenger lift and turn-key accommodation. Commercial occupiers include Kaspas and Vyve Gym. Concord House is offered in excess of £7,000,000 and produces a total passing rent of £577,800 per annum, comprising £501,800 residential income and £76,000 commercial income. This reflects a gross ROI of 8.25%. The property has been valued at £7.6615m, with the residential element valued at £7.0015m and the commercial element at £660,000. The forward rental projections for Concord House demonstrate a compelling income profile. Over three years, projected blended rental income is £1.56m at the 5th percentile, £1.62m at the median and £1.67m at the 95th percentile. By year three, blended yield is projected at 6.98% at the 5th percentile, 7.34% at the median and 7.65% at the 95th percentile, with potential upside to 8.21% under maximum growth assumptions. The fixed commercial rent of £76,000 per annum helps protect the downside and supports stable cashflow. Together, the properties offer investors a substantial Exeter city-centre residential and commercial portfolio with strong occupational demand, modern specification, full occupancy and attractive income returns. The combination of newly completed conversion works, fully furnished apartments, diversified commercial income, prime locations and no immediate capital expenditure requirement makes this a particularly compelling investment opportunity. Both Paternoster House and Concord House are held under separate SPVs and are available individually or as part of a wider investment opportunity. The commercial elements only are understood to be elected for VAT. Exeter continues to experience strong rental demand, underpinned by its university population, employment base and constrained city-centre housing supply. Ongoing concerns around the availability, quality and affordability of purpose-built student accommodation have placed additional pressure on the wider private rental sector, particularly for well-located, professionally managed and fully furnished homes. Paternoster House and Concord House are well positioned to benefit from this structural imbalance, offering high-quality accommodation close to the University of Exeter, city-centre amenities, transport links and major employers. Further information, full tenancy schedules and viewings are available on request.

Contact:

By Design

Property Subtype:

Apartment

Date on Market:

06/03/2026
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More details for Yeoford Way, Exeter - Office for Sale

Vanguard House - Yeoford Way

Exeter, EX2 8HL

  • Office for Sale
  • Price Upon Request
  • 8,832 sq ft

Exeter Office for Sale

Vanguard House is available for sale or to let. Price upon application. Vanguard House comprises a two storey office building completed in 2004 and set within an established business park environment. The building is of traditional construction with brick and clad elevations under a pitched tiled roof and was designed to a high level of specification.

Contact:

Turner Locker Barnfield

Date on Market:

12/08/2025
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LoopNet UK Devon Office Properties For Sale in Exeter, UK

Learn More About Investing in Office Properties

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FAQs about Office buildings For Sale in Exeter

See All Office Buildings For Sale
How many office properties are available for sale in Exeter?
There are currently 6 office premises available for sale near Exeter. These Exeter offices for sale have an average size of 10,396 sq ft. The largest available office for sale in Exeter is 29,000 sq ft. The thriving commercial centre and excellent transport links in Exeter make it an ideal location for businesses to find suitable Office Property for sale.
How much does it cost to buy Office Property in Exeter?
The average price/SF for Office Property for sale in Exeter is about £135. The cost per sq ft for Office Property in Exeter ranges from £105 to £178, depending on the location and the size of the property.
What factors could affect the prices of office properties in Exeter?
Several factors can impact the price of office buildings, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £105 to £178 per square foot. While the average net initial yield for Office Properties is 8.57%.
What is the largest office building available for sale in Exeter?
Currently, the largest office available to buy is 29,000 sq ft and the smallest is 2,023 sq ft. The average size of Office Property available for sale in Exeter is approximately 10,396 sq ft.
What types of tenants occupy office buildings in the UK?
Office tenants range from startups and SMEs to multinational corporations. Sectors include finance, legal, technology, media, and professional services. Longer lease terms and strong covenants can make office buildings more attractive to investors.
Are serviced offices or traditional offices better for investment?
Serviced offices offer higher returns but more operational complexity. Traditional long-lease office buildings offer stable income and are generally lower risk. The best choice depends on your investment strategy and appetite for management involvement.
Can office buildings be repurposed or refurbished for higher returns?
Yes. Many investors add value by upgrading office interiors, improving energy efficiency, or converting older stock to mixed-use. High-spec, modern offices with flexible layouts and ESG features often attract premium tenants.
What ESG factors are important for office property investment?
Energy performance (EPC rating), sustainability certifications (e.g. BREEAM), access to natural light, ventilation, and proximity to public transport are increasingly important. Environmentally efficient buildings may achieve better occupancy and rent levels.
What should I consider during due diligence?
Review lease terms, tenant strength, service charges, building condition, planning consents, and local market trends. A commercial solicitor and building surveyor should support your purchase process to minimise risk.

Discover More Office Properties for Sale in the Exeter, UK

You searched for office buildings for sale in Exeter. Explore 6 listings from leading agents on LoopNet. Whether you're seeking office properties to expand your portfolio, establish a headquarters, or secure a prime investment opportunity, LoopNet provides a diverse selection to meet your needs. Each listing offers detailed information on building features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of office investment properties worldwide, LoopNet is your trusted partner in finding the perfect office investment.

Key Factors to Consider When Investing in an Office Building

Investing in an office building can be a lucrative venture, but it requires careful evaluation. Here are the most important factors to consider:

  • Location & Accessibility
    • Prime locations with strong demand offer higher rental yields.
    • Proximity to public transport, major roads, and amenities increases tenant appeal.
  • Tenant Demand & Occupancy Rates
    • Analyse market demand for office space in the area.
    • Check vacancy rates and existing long-term leases.
  • Rental Yield & Return on Investment (ROI)
    • Compare rental income vs. property price to assess profitability.
    • Consider potential for rental growth over time.
  • Property Condition & Age
    • Older buildings may require costly renovations.
    • Modern buildings with energy-efficient features attract premium tenants.
  • Market Trends & Economic Conditions
    • Evaluate office space demand, remote work trends, and business growth in the area.
    • Check local economic stability and corporate presence.
  • Building Amenities & Features
    • High-speed internet, parking, security, and sustainability features boost property value.
    • Shared meeting rooms and flexible layouts attract a broader tenant base.
  • Legal & Planning Permission
    • Ensure compliance with local planning laws and building codes.
    • Understand lease structures and tenant obligations.
  • Maintenance & Management Costs
    • Factor in ongoing maintenance, property management fees, and service charges.
    • A well-managed building retains tenants and minimizes turnover costs.
  • Future Development & Infrastructure
    • Nearby upcoming developments can impact demand and property value.
    • Infrastructure projects like new transport links can enhance desirability.
  • Exit Strategy
    • Consider long-term value appreciation and potential resale opportunities.
    • Analyse liquidity in the commercial property market.

By carefully evaluating these factors, you can make a more informed investment decision and maximise returns on your office building purchase.

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