Updated: 8th June 2011
Ian Walker and Julie Palmer of national business rescue and recovery specialists Begbies Traynor have instructed Christie + Co to handle the sale of 74 Queen Street, a prominent Grade II Listed freehold building near Exeter Central station in Exeter which was formerly a prestigious restaurant and delicatessen.
The property closed after the opening of the new restaurant quarter in the Princesshay development, and became the subject of an LPA Receivership. Ian Walker and Julie Palmer were appointed LPA Receivers charged with selling the property.
74 Queen Street has recently benefited from two planning applications granted in May this year for the change of use on the first floor from educational to two student cluster flats.
Ian Walker, a partner within Begbies Traynor’s Exeter office commented, “This property is a fine building in an excellent position for any individuals or companies looking for freehold opportunities in the centre of Exeter. We’re expecting a great deal of interest.”
All further information about the property can be obtained from Jon Clyne at the Exeter Office of Christie + Co on Tel: 01392 285600.
Ian joined Begbies in 2000 from Pannell Kerr Forster after practicing insolvency for the previous 20 years with Big Four firms. A member of R3 and a Fellow of the Institute of Chartered Accountants in England & Wales (from which he also takes his Insolvency Licence, he is currently a member of the ICAEW Investigation Committee. Over the years, Ian has dealt with all types of insolvency and at least three recessions. Currently, his practice based in Exeter and Plymouth covers the whole of Devon & Cornwall (including the Scilly Isles), together with as much of Somerset and Dorset as he can get away with! He deals with all types of personal and corporate insolvency and also concentrates on pre- and post-lending review work for all the major lending institutions.