Leisure/hospitality to let in Derrys Cross, Plymouth PL1

The property comprises first and second floor accommodation which is accessed via a communal entrance which is shared with The Gym. The unit is currently in a shell specification with large glass frontage. The property benefits from D2 planning consent however would be suitable for a number of uses subject to obtaining planning permission.

Location

Plymouth is the second largest city in the South West with a resident population of approximately 258,700 and a further 100,000 in the travel to work area. Plymouth University is now classified as the fifth largest University in the UK with over 30,000 students.

The property is located in a prominent position on Derrys Cross and is in close proximity to Royal Parade and Union Street which are principal arterial routes through the city. The city centre is a short walk from the property with nearby occupiers including Travelodge, The Gym, Gala Bingo, Theatre Royal, Pizza Express, Bella Italia and Wildwood to name but a few.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement First Edition on a net internal basis.

First Floor - 101.85 sq m / 1,096 sq ft
Second Floor - 386.23 sq m / 4,157 sq ft

Total - 488.08 sq m / 5,253 sq ft

Planning

The property currently benefits from D2 planning consent.

Rent / Price

£27,500 per annum exclusive.

Terms

The property is available by way of a new effective full repairing and insuring sub-lease. Terms to be agreed.

Rateable Value

It is understood that the property is yet to be assessed for Business Rates. We recommend you make your own enquiries with the Valuation Office () and with Plymouth City Council.

Services

It is understood that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

B (47).

Legal Fees

Each party to be responsible for their own legal costs in relation to the transaction. The Landlord's legal fees are to be split equally between the Tenant and Sub-Tenant.

VAT

We understand the property has been elected for VAT and will therefore be chargeable on all outgoings.