Offers over
£130,000
(£165.20/sq. ft)
Retail premises for salePemros Road & Victoria Road, Plymouth PL5
908 sq. ft
About this property
Prominent corner location in busy Plymouth suburb
Good quality tenants
Fully let
Freehold
Current Income £13,550 p.a.
Situation:
The properties are located in St Budeaux the busy western suburb of Plymouth in a corner position on the junction of Pemros Road and Victoria Road and with good access to the A38 Devon Expressway 1 mile north.
Within the suburb accommodates a number of national and local retailers including Lidl and Co-Op supermarkets, Dominos, Consol, Pizza Hut, Well Pharmacy other estate agents etc.
Accommodation:
(All dimensions and areas are approximate)
2a Pemros Road
Sales: 34.81 sqm (375 sqft)
Ancillary: 6.8 sqm (74 sqft)
11 Victoria Road
Sales: 36.21 sqm (390 sqft)
Ancillary: 6.43 sqm (69 sqft)
First Floor Flat
Open plan kitchen and living room, three bedrooms and bathroom. Sold on a long lease.
Services:
We understand that mains electricity, water and drainage are connected to the retail units with gas connected to the first floor aswell.
Tenancies:
2a Pemros Road
Shop: Let to Countryside Estate Agents (trading as Fulfords) for a term of 10 years from 25th March 2013 and now holding over at a rent of £6,500 p.a.x.
11 Victoria Road
Shop: Let to Hannah’s (1988) Ltd for a terms of 5 years from 24th January 2014 and now holding over at a rental od £7,000 p.a.x. Negotiations have commenced for a new 10 year lease with 5 year tenant break option at a rent of £8,500 p.a.x. For years 1 and 2 rising to £9,000 p.a.x for years 3 to 5 inclusive.
2b Pemros Road
First Floor Flat: A lease form 29th September 2000 for a term of 125 years with an annual ground rent of £50.
EPC:
The EPC Ratings are as follows:
2a Pemros Road - B38
11 Victoria Road - C60
2b Pemros Road - Not Applicable
VAT:
We understand that the property is not elected to charge VAT and therefore not charageable on the Purchase Price.
Other:
A successful purchaser will be required to provide relevant information to satisfy Anti Money Laundering Regulations upon agreement of Heads of Terms.
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
legal costs:
Each party will be responsible for their own legal costs incurred in the transaction.
The properties are located in St Budeaux the busy western suburb of Plymouth in a corner position on the junction of Pemros Road and Victoria Road and with good access to the A38 Devon Expressway 1 mile north.
Within the suburb accommodates a number of national and local retailers including Lidl and Co-Op supermarkets, Dominos, Consol, Pizza Hut, Well Pharmacy other estate agents etc.
Accommodation:
(All dimensions and areas are approximate)
2a Pemros Road
Sales: 34.81 sqm (375 sqft)
Ancillary: 6.8 sqm (74 sqft)
11 Victoria Road
Sales: 36.21 sqm (390 sqft)
Ancillary: 6.43 sqm (69 sqft)
First Floor Flat
Open plan kitchen and living room, three bedrooms and bathroom. Sold on a long lease.
Services:
We understand that mains electricity, water and drainage are connected to the retail units with gas connected to the first floor aswell.
Tenancies:
2a Pemros Road
Shop: Let to Countryside Estate Agents (trading as Fulfords) for a term of 10 years from 25th March 2013 and now holding over at a rent of £6,500 p.a.x.
11 Victoria Road
Shop: Let to Hannah’s (1988) Ltd for a terms of 5 years from 24th January 2014 and now holding over at a rental od £7,000 p.a.x. Negotiations have commenced for a new 10 year lease with 5 year tenant break option at a rent of £8,500 p.a.x. For years 1 and 2 rising to £9,000 p.a.x for years 3 to 5 inclusive.
2b Pemros Road
First Floor Flat: A lease form 29th September 2000 for a term of 125 years with an annual ground rent of £50.
EPC:
The EPC Ratings are as follows:
2a Pemros Road - B38
11 Victoria Road - C60
2b Pemros Road - Not Applicable
VAT:
We understand that the property is not elected to charge VAT and therefore not charageable on the Purchase Price.
Other:
A successful purchaser will be required to provide relevant information to satisfy Anti Money Laundering Regulations upon agreement of Heads of Terms.
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
legal costs:
Each party will be responsible for their own legal costs incurred in the transaction.
Mortgage calculator
Monthly repayment
£650 per month
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