From
£1,000,000
(£573.39/sq. ft)
Property for saleBlock F1, 77 St. Modwen Road, Plymouth PL6
From 1,744 - 9,658 sq. ft
EPC Rating: B
Freehold
About this property
Detached unit of 897sq.m (9658sq.ft)
Situated on one of Plymouth's premier industrial estates adjacent to Marsh Mills Retail Park
Busy commercial location close to A38
Let to the excellent covenant of City Plumbing Supplies Holdings Ltd
The existing lease expires June 2026, a new 10 year lease has been executed to commence 24th June 2026
We are instructed to seek offers of £1,000,000 reflecting a yield, based upon the reversionary rent of 7.23% after purchasers costs of 5.45%
Low capital value of £103sq.ft overall.
Estimated Rates Payable: £25530
Description
Built in the 1980s, the property comprises a detached industrial unit of steel portal frame construction with plastisol-coated profile steel cladding and roof incorporating approximately 10% translucent daylight panels. The minimum height to eaves is 5.2m and externally is a tarmac surfaced yard/car park.
Access is via a roller shutter door 3.6m wide x 4.5m high. Internally, an office/trade counter with central heating and suspended ceiling incorporating vdu-compatible lighting has been installed.
Location
Plymouth is the second largest centre in the south west of England after Bristol and lies approximately 120 miles to the south west of Bristol and 45 miles to the south west of Exeter. The city has excellent communication links with the A38 dual carriageway providing direct and easy access to Exeter and the M5 motorway. Plymouth is served by First Great Western, providing direct rail access to London Paddington (3 hours) and Bristol Temple Meads (2 hours).
St Modwen Road is situated on the Parkway Industrial Estate, a modern and established estate immediately adjacent to the Marsh Mills roundabout and therefore access to the A38, local and regional road network is excellent. The estate is approximately 2 miles from Plymouth City Centre and includes a mixture of industrial, trade counter, offices, self-storage, auto retail and non-food food retail occupiers. Nearby occupiers include Next, Homebase, Halfords, dfs, Currys, Costa, Plumbase, Howden Joinery, bss and Ocean bmw.
Terms
Asking Price - £1,000,000.
A purchase at this level reflects reversionary yield of 7.23% after the allowance of purchasers costs of 5.45%.
Each party to bear their own legal costs.
Specifications
Open span steel portal frame
Profile steel cladding with brick and block fascia
Trade counter, showroom plus mezzanine storage
Generous parking provision
Mains services
Roller shutter and separate pedestrian access
Space heaters and LED lighting
Suspended ceiling throughout trade counter area
Staff and customer WCs
Lease And Covenant Strength
Tenancy
The existing lease expires June 2026. A new 10 year lease has been executed to commence 24th June 2026 at £76,500
per annum.
Tenant profile
Company number - 02489546
Risk score - 99
Credit rating - A
Turnever 2024 - £1213.2m
Pre-tax profit - £13.3m
City Plumbing Supplies Holdings Limited was incorporated in 1990.They are the prominent supplier in the UK, specialising in plumbing, heating, and bathroom products, with more than 350 branches nationwide. Catering to both the trade and retail customers, they are also home to The Bathroom Showroom, featuring over 290 locations where customers can view and purchase bathroom suites and accessories.
Built in the 1980s, the property comprises a detached industrial unit of steel portal frame construction with plastisol-coated profile steel cladding and roof incorporating approximately 10% translucent daylight panels. The minimum height to eaves is 5.2m and externally is a tarmac surfaced yard/car park.
Access is via a roller shutter door 3.6m wide x 4.5m high. Internally, an office/trade counter with central heating and suspended ceiling incorporating vdu-compatible lighting has been installed.
Location
Plymouth is the second largest centre in the south west of England after Bristol and lies approximately 120 miles to the south west of Bristol and 45 miles to the south west of Exeter. The city has excellent communication links with the A38 dual carriageway providing direct and easy access to Exeter and the M5 motorway. Plymouth is served by First Great Western, providing direct rail access to London Paddington (3 hours) and Bristol Temple Meads (2 hours).
St Modwen Road is situated on the Parkway Industrial Estate, a modern and established estate immediately adjacent to the Marsh Mills roundabout and therefore access to the A38, local and regional road network is excellent. The estate is approximately 2 miles from Plymouth City Centre and includes a mixture of industrial, trade counter, offices, self-storage, auto retail and non-food food retail occupiers. Nearby occupiers include Next, Homebase, Halfords, dfs, Currys, Costa, Plumbase, Howden Joinery, bss and Ocean bmw.
Terms
Asking Price - £1,000,000.
A purchase at this level reflects reversionary yield of 7.23% after the allowance of purchasers costs of 5.45%.
Each party to bear their own legal costs.
Specifications
Open span steel portal frame
Profile steel cladding with brick and block fascia
Trade counter, showroom plus mezzanine storage
Generous parking provision
Mains services
Roller shutter and separate pedestrian access
Space heaters and LED lighting
Suspended ceiling throughout trade counter area
Staff and customer WCs
Lease And Covenant Strength
Tenancy
The existing lease expires June 2026. A new 10 year lease has been executed to commence 24th June 2026 at £76,500
per annum.
Tenant profile
Company number - 02489546
Risk score - 99
Credit rating - A
Turnever 2024 - £1213.2m
Pre-tax profit - £13.3m
City Plumbing Supplies Holdings Limited was incorporated in 1990.They are the prominent supplier in the UK, specialising in plumbing, heating, and bathroom products, with more than 350 branches nationwide. Catering to both the trade and retail customers, they are also home to The Bathroom Showroom, featuring over 290 locations where customers can view and purchase bathroom suites and accessories.
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