Acting for Yelverton Properties Turner Locker Barnfield acquired one of Exeter’s iconic office investment buildings, Kings Wharf. Sat on the banks of the River Exe Kings Wharf with its distinctive glazed atrium is a wonderful combination of period charm and modern offices with ground floor retail and café units.
Totalling some 26,000 sq. ft. the two former woollen warehouses were converted in circa 1990 to their current use. The formerly found fame as the backdrop to the hit 70’s television series the Onedin Line ad latter housed a fine Maritime Museum and at one point a craft centre
As Devon commercial property management specialists we have looked after Kings Wharf for a great many years, running the buildings service charge and day to day running and maintenance. Turner Locker Barnfield acted letting the space for the original developer before acting for Quintain PLC in acquiring the investment in the mid 90’s. We later sold the property for them to investors from Cheltenham whilst we retained the management. Some years later we sold the building again to a wealth management fund who in their turn retained us to manage and let any vacant office or retail space. When then fund was being closed we acted for the current owner.
Producing an income of circa £250,000pa the building will continue to be managed by Turner Locker Barnfield Ltd and recent letting and rent reviews we have carried out are showing solid rental growth again in Exeter’s rising office market.