Commercial property for sale in Mutley Plain, Mutley, Plymouth PL4
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment let at £15,250
- P.a. (10.89% giy on guide)
- Let to 2 separate tenants
- Ground & Lower ground let at £9,000 p.a.
- 1st & 2nd floor let at £6,250 p.a.
- Possible future development potential to convert the upper floor into residential use (subject to the requisite consents & existing lease)
- Development space to add additional space to the rear of the property (subject to the requisite consents)
- Parking space to the rear of the property
- VAT free investment
Property description
Strapline
Auction Sale - 10/10/2023
Of interest to investors and developers
A substantial 3 storey (and lower Ground) mid terrace property form part of busy shopping parade with future development potential (subject to the requisite consents and existing lease)
Investment let £15,250 p.a.
Description
The property is a mid terrace property forming part of a busy and established shopping parade. The building comprises of a retail unit at Ground and lower ground floor and a clinic/treatment rooms on the 1st & 2nd floor.
There is large rear yard to the back of the property which can be accessed via Seaton Lane which provides a number of car parking spaces and could offer future development potential to add additional space (subject to the requisite consents).
Nearby occupiers include Dominos (adjacent), Boots, Post office, Wetherspoons, kfc as well as wide range of independent local retailers.
Location
The property is located on the Western side of Mutley Plain and is located close to the junction with Seaton Avenue.
Plymouth Station is located an approx. 0.6miles
Transport
Plymouth Station - National rail services
Tenancy
Please refer to Accommodation /Tenancy Schedule
Accommodation
Please refer to Accommodation /Tenancy Schedule
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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