Retail premises to let in Devonport, Plymouth, Devon PL1

Situation:
The unit is located in a prominent location fronting Chapel Street 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 as well as other adjacent residential developments.

Description:
Comprising one of a block of five lock up shop ground floor retail units fitted out with suspended ceilings and integral lighting, heating and aluminium double glazed shop fronts. The unit has its own dedicated car parking space located to the rear and there are 10 additional visitor parking spaces in front of the units.

Accommodation:
Unit 4 – 67.67 sqm (728 sqft)

services:
We understand mains water, electricity, gas and drainage is either connected or available to the unit.

Rates:
The unit has been assessed as follows:

Unit 4 – £9,300

service charge:
There will be a service charge payable, full details of which will be available upon request from the agent.

Planning:
We understand that planning permission exists for Class E uses (with some restrictions). Prospective tenants are expected to make their own enquiries in this respect via Plymouth City Council and the agent.

Proposition:
The unit is available to let on a new lease for flexible term and drawn on a full repairing and insuring basis. Further details of rents and tenant incentives are available from the agents.

Rent:
Unit 4 – £10,500 p.a.x. + VAT

EPC:
Energy Performance Rating: A21

VAT:
VAT will be charged on the rent and other outgoings.

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

Other:
Anti-money laundering (‘aml’) legislation requires property agents to verify the identities of parties involved in property transactions and to determine to legality of funds supporting a property transaction. A party interested in this transaction must provide certain aml information and documents to the selling/letting agent. This also includes documents on those who may run and own the interested party, or the ultimate beneficiary of the transaction.

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