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26, Southside Street, Plymouth, PL1 2LD

Ground floor shop with 3 x 1 bedroom apartments above. Located within a busy parade of shops. Popular and central location. Invest...
Location: 26 Southside Street, Plymouth, PL1 2LD
Property type: Flat, General Retail, Retail, Residential
Tenure type: For Sale Freehold
Tenancy type: Investment
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Property Summary
BY ORDER OF THE LPA RECEIVERS
Ground floor shop with 3 x 1 bedroom apartments above.
Located within a busy parade of shops.
Popular and central location.
Investment producing £29,200 per annum.
Tenure
Freehold

Location
Situated within the popular Barbican area of Plymouth town centre between Vauxhall Street and The Barbican and a few metres from Sutton Harbour and Marina. This is a busy tourist area and boasts many shops, cafés, restaurants and bars. Other nearby occupiers include Subway, 42nd Street restaurant, Pasta Bar and a fudge shop plus the Navy Inn amongst many other local independent traders.

Rental Information
Total Current Rent Reserved: £29,200 per annum.

VAT
Please refer to the legal documents.

Accommodation & Tenancies

Third floor flat
Reception room, bedroom, kitchen, shower room/wc
Gross internal area approximately 41 sq m (441 sq ft) Let on an assured shorthold tenancy for 12 months from 28/02/2019 at a rent of £450 per month. Rent - £5,400 pa

Second floor flat
Reception room, bedroom, kitchen, shower room/wc
Gross internal area approximately 41 sq m (441 sq ft) Let on an assured shorthold tenancy for 12 months from 01/03/2019 at a rent of £450 per month. Rent - £5,400pa

First floor flat
Reception room, bedroom, en-suite shower room, kitchen,
Gross internal area approximately 40 sq m (431 sq ft) Let on an assured shorthold tenancy for 12 months from 06/03/2019 at a rent of £450 per month. Rent - £5,400pa

Ground floor shop
Retail area, kitchen, staff toilets.
Gross internal area approximately 39 sq m (420 sq ft) Let to Ocean Publishing Prints Limited, trading as a gallery (now holding over) on a 5 year lease which commenced on 10/02/2014. The tenant has expressed an interest in signing a new 5 year lease, interested parties must rely on their own enquiries. Rent - £13,000 pa

Total rent reserved - £29,200 per annum.
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