icons_size_white icons_size

AGENT'S DETAILS


Plymouth – Freehold Shop and Residential Investment

For sale: £210,000.00|2127 Sq Ft|Flat, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£210,000.00
SIZE2127 Sq Ft
ADDRESS178 Albert Road, Devonport, Plymouth PL2 1AL
TYPEFlat, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
Comprises a ground floor shop with two self-contained flats above.
Situated in an established local shopping parade.
VAT is applicable to this property.
Occupiers close by include Ladbrokes (opposite), Co-operative Food, Co-operative Funeralcare and a number of local traders, amongst others.

Property Description:
The property is arranged on ground and two upper floors to provide a ground floor shop with two self-contained flats above.

Tenancy:
The shop is at present let to Mr EL Priest and trading as a tattoo parlour for a term of 6 years from 2nd March 2017 at a current rent of £7,000 per annum. The two upper floor flats rent to individuals, flat 2 for a term of 1 years from 16th April 2019 at a current rent of £4,800 per annum and flat 3A for a term of 1 years from 25th June 2019 at a current rent of £5,640 per annum. Total rent is £17,440 per annum.

Location:
Plymouth is a major regional commercial centre and port having a population of some 245,000. In addition to its maritime links, the city is served by the A38/Devon Expressway providing direct access to Cornwall to the west and Exeter and the M5 Motorway to the east. The property is situated on the north side of Albert Road (B3396), in an established local shopping parade, in between its junctions with Ross Street and Park Avenue. UTC Plymouth is located immediately to the south and HM Plymouth Naval Base is immediately to the west of the property (0.2 miles).

LOCATION

Location: 178 Albert Road, Devonport, Plymouth PL2 1AL

Devonport (0.2 miles)

Dockyard (0.2 miles)

Keyham (0.9 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here