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Retail Shop Plus 4 Double Bedroom Masionette Investment In Central Location For Sale

Plymouth Devon
A rare opportunity of investment in a prime central location and only 4 mins walk to Plymouth University and with a potential rental income of £26,820 pa. The shop has A1 license suitable for a retail , office or sandwich /food bar to go. Lease to let or rent Retail Shop Plus 4 Double Bedroom Masionette Investment In Central Location For Sale is located in Devon.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 49674
ADVERT IMPRESSIONS : 19,030 TIME(S)

 
BUSINESS SECTOR: Commercial Property
TRADE TYPE: Investment Properties
SALE: Private Sale

FREEHOLD:

£240000 (WHOLE PROPERTY)

LEASEHOLD:

£90000 (SHOP ONLY)

ANNUAL RENT:

£10500 (SHOP ONLY)
 

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BUSINESS DETAILS:

The premises are prominently situated on the northern side of Ebrington Street, which forms a secondary commercial trading area
within sight of Plymouth’s landmark Drake Circus shopping centre and approximately a couple of minutes’ walk from the busy prime
retail area and Plymouth University. Ebrington Street is one of the principal arterial routes from the City serving the densely populated area of St Judes and Lipson. The property comprises a three-storey building with a retail unit on the ground floor and a four bedroom maisonette finished to a high
standard on the first and second floors. The masionette is currently fully letted to students on a 10mths contract with a rental income of 340.00 pw. The ground floor has previously been used as a News Agents and currently benefits from an A1 planning consent. The retail unit is prominently visible off the Ebrington Street elevation of the property and comprises one large retail area with staff toilets and external storage to the rear. ACCOMMODATION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)
Retail Sales Area 33.7 Sq M (363 Sq Ft)
Storage 7.3 Sq M (79 Sq Ft)

LEASE TERMS & RENT
The property is currently available by way of freehold disposal at 240,000 for the retail unit and first floor flat, which is available with vacant procession or with tenant in situ. Alternatively the retail unit is available separately at a
guide price of £90,000. RATEABLE VALUE
The property is shown in the 2010 Rating List as having a rateable value of £6,100. We recommend that you make
your own enquiries into the actual liability.
   
  FOR SALE
   

REFERENCE:

49674 / RightBiz
   
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