Browsing: Property

One of the most iconic features of Honiton High Street has a new owner. The Grade II listed New Dolphin Hotel was confirmed as sold today (August 19) by sole agents Rapleys. It has not yet been revealed who the new owner is. The hotel represents an outstanding opportunity to restore a historical listed building to its former glory. Advertised for sale as ‘a rare freehold opportunity’, the hotel boasts 11 letting rooms, a ground floor dining area / tearoom and the former Bill’s Bar. The business most recently traded as Montgomery’s Hotel. It was advertised for sale with ‘immediate…

Honiton’s former Tourist Information Centre in Lace Walk car park is available to rent. East Devon District Council has advertised the purpose-built property, saying it has a range of potential uses – including as a cafe, subject to planning consent. Other potential uses include as an office or retail shop. The unit includes an office, kitchen, toilet facilities, and a store room. Selling points include being in a convenient location with passing footfall. A parking space is included. The property is offered by way of a fully repairing lease for a six-year term with a rent review at year three.…

Developer Taylor Wimpey has announced more homes in Exeter, near Pinhoe. The development, at Monkerton, Cumberland Way, to include 87 affordable homes, two with wheelchair access, has been the result of ‘high demand’ said Taylor Wimpey. Mayfield Gardens, three miles from the city centre, launches to the public at 11am on Saturday, July, 27, to include two, three and four-bedroom homes. The developer said the site will include buying options for first-time buyers and, downsizers, and families; of the 250 homes, 35 per cent will be affordable, with five per cent of those to be wheelchair accessible. As part of…

Tenants in private rented properties in East Devon saw rents rise above the national average in the 12 months to May. The Office for National Statistics says prices across the UK as a whole rose by 1.3 per cent in the same period. Rents in the South West bucked the national average, rising by two per cent. Growth rates are being tracked on a month-by-month basis by the experimental Index of Private Housing Rental Prices. The largest price increase for rents was in the East Midlands – 2.1 per cent. The Index of Private Housing Rental Prices (IPHRP) measures the…

From achieving a better price to to avoiding sales delays, a new auction guide sets out the benefits of selling property through auctions. Stags’ Farm Agency has produced the guide. It is written by the agency’s Julia Richardson, who is an experienced negotiator, and provides at-a-glance answers to the most common auction questions. It covers everything from the difference between guide and reserved prices, as well as information about deposits and the suitability of farms and land for auction. The online guide can be accessed by anyone and offers a no-fuss approach to furnishing property and land owners with the…

UK regional hotels and retail warehouses are the asset classes most likely to experience inward pressure on prime yields in the coming months, according to new analysis from Savills. Based on the firm’s latest Market in Minutes report, prime yields across all sectors didn’t experience any change in April compared to the previous month, but regional hotel yields are the most liable to harden in the near future. Despite total investment into commercial property last year being 4.8% down on 2017, the hotels sector bucked the trend and reported volumes of £7.8 billion in 2018, a 45% increase on 2017.…