Retail premises to let in Old Town Street, Plymouth PL1

Situation:
The premises are located in the busy eastern end of Plymouths shopping throughfare between HSBC Bank and Skipton Building Society. The 560,000 sqft Drake Circus Shopping Mall is 100m north of the property with the new 100,000 sqft BarCode Leisure and Cinema development similarly located to the south. British Land and Plymouth City Council are currently undertaking substantial Public Realm works creating a largely pedestrianised Old Town Street which is due to be completed by Spring 2023.

Description and accommodation:
The property comprises a ground floor retail/Class E unit with basement beneath.

Currently with a Bank style frontage the property is capable of alteration to have a plate glass shop front installed.

(All dimensions and areas are approximate)

Gross Frontage 12.5m (41')
Shop Width 11.75m (38'6”)
Shop Depth 12.50m (41')
Sales Area 161.80 sqm (1,742 sqft)
itza 108.86 sqm (1,172 sqft)

Basement 234 sqm (2,519 sqft)
(including WCs)

services:
All mains services are either connected or available to the unit.

Rates:
The property is included in the rating list as bank and premises with a rateable value of £87,500 (including First Floor). The First Floor is no longer available, so the rates are to be re-assessed due to reconfiguration.

Proposition:
The premises are available on a new lease for a flexible term of years and drawn on a full repairing and insuring term.

Rent:
Upon application.

VAT:
All figures within these terms are exclusive of VAT where chargeable. VAT will be chargeable on rents and other outgoings.

EPC:
The property has an Energy Performance Rating of D82 for the ground floor.

Legal costs:
Each party will be responsible for their own legal costs incurred in the transaction.

Other:
Under the Money Laundering Regulations 2017, Monk & Partners will require any purchaser to provide proof of identity along with any other associated documents prior to exchange of contracts.

Viewing and further information:
Strictly by prior appointment through sole agents:-

Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB

John H Slade, BSc mrics