Retail premises for sale in Chapel Street, Devonport, Plymouth PL1

Offers over £500,000 (£970.37/sq. ft)
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Retail premises for sale

48 sq. m*

Property features

  • Fully let
  • Freehold
  • Prominent location

Property description

The units are located in a prominent location fronting both Chapel Street and Phelps Road in the suburb of Devonport and fronting the main western arterial route out of Plymouth towards Cornwall.

The location serves a substantial residential population of established and new housing forming part of the new Vision Development by Redrow Homes (7.3 ha mixed use) as well as other adjacent residential developments including Mount Wise (28 acres mixed use) and Oceansgate (35 ha commercial development) transforming Devonport.

Vision, Zone E, comprises five modern ground floor retail/office units. To the rear of the building there is access for servicing and car parking. Each commercial unit benefits from one parking space. To the front of the building there are 10 visitor parking spaces for commercial occupiers.

The two upper floors have been converted into residential accommodation and have been sold off on one single head lease.

The premises are available for sale freehold subject to the existing tenancies. Offers are invited in excess of £500,000 reflecting an initial yield of 8.69% rising to 10.03%

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Monk & Partners, PL1 on +44 1752 948559 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Monk & Partners, and do not constitute property particulars. Please contact Monk & Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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