From
£140,000
Property for saleMutley Plain, Mutley, Plymouth PL4
About this property
Investment let at £15,250
P.a. (10.89% giy on guide)
Let to 2 separate tenants
Ground & Lower ground let at £9,000 p.a.
1st & 2nd floor let at £6,250 p.a.
Possible future development potential to convert the upper floor into residential use (subject to the requisite consents & existing lease)
Development space to add additional space to the rear of the property (subject to the requisite consents)
Parking space to the rear of the property
VAT free investment
Auction Sale - 10/10/2023
Of interest to investors and developers
A substantial 3 storey (and lower Ground) mid terrace property form part of busy shopping parade with future development potential (subject to the requisite consents and existing lease)
Investment let £15,250 p.a.
Description
The property is a mid terrace property forming part of a busy and established shopping parade. The building comprises of a retail unit at Ground and lower ground floor and a clinic/treatment rooms on the 1st & 2nd floor.
There is large rear yard to the back of the property which can be accessed via Seaton Lane which provides a number of car parking spaces and could offer future development potential to add additional space (subject to the requisite consents).
Nearby occupiers include Dominos (adjacent), Boots, Post office, Wetherspoons, kfc as well as wide range of independent local retailers.
Location
The property is located on the Western side of Mutley Plain and is located close to the junction with Seaton Avenue.
Plymouth Station is located an approx. 0.6miles
Transport
Plymouth Station - National rail services
Tenancy
Please refer to Accommodation /Tenancy Schedule
Accommodation
Please refer to Accommodation /Tenancy Schedule
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