£2,300,000
Property for saleChaddlewood Garages, Ridgeway, Plympton, Plymouth PL7
About this property
Modern showroom building, and adjoining Petrol Filling Stati
16,448 sq ft (1528.04sq m) gia
Strong covenants of Motor Fuel Ltd & Vertu Motors (Property)
Rental income of £161,898 per annum exclusive
Awult of 7.75 years to expiry
Significant rental growth potential with erv of £9ft on ware
The property comprises a showroom and separate petrol filling station fronting onto Ridgeway. The property comprises a ground floor showroom with ancillary warehouse used for vehicle storage and repair. The warehouse is split into two separate units due to the change in levels. The first-floor accommodation includes offices and ancillary storage. The petrol filling station trades as Esso, and fronts onto the busy Ridgeway.The station has 8 pumps, and a rear retail outlet trading as Londis. The building is a two-storey building with brick elevations under a pitched tiled roof. The ground floor provides a retail unit. In 2020, the tenant constructed an additional single storey extension with brick elevations and a flat roof which provides a Greggs retail unit. The upper floor provides ancillary office and storage accommodation. Externally there is a large secure yard area to the front of the showroom, and parking to the front, side and rear of the warehouse unit.
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Monthly repayment
£11,505 per month
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