9 - 13 Mutley Plain Plymouth Devon PL4 6JG

9 - 13 Mutley Plain
Plymouth
Devon
PL4 6JG

Freehold Convenience Store and Retail Investment

  • Majority let to Sainsbury’s Supermarkets Limited
  • Sainsbury’s lease expires 2027 (subject to option)
  • RPI linked rent reviews
  • Approximately 969.97 sq m (10,441 sq ft)
  • Prominent main road location close to Plymouth University
  • Nearby occupiers include Aldi, Costa Coffee and Boots the Chemist
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    58
  • Auction
    22nd October 2015
  • Rent
    £101,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Convenience Store and Retail Investment

  • Majority let to Sainsbury’s Supermarkets Limited
  • Sainsbury’s lease expires 2027 (subject to option)
  • RPI linked rent reviews
  • Approximately 969.97 sq m (10,441 sq ft)
  • Prominent main road location close to Plymouth University
  • Nearby occupiers include Aldi, Costa Coffee and Boots the Chemist
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 58
  • Auction 22nd October 2015
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
43 miles south-west of Exeter, 120 miles south-west of Bristol
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Situation

The property is located in a mid terrace parade on the east side of Mutley Plain, a prominent arterial route one mile north-east of Plymouth city centre. The property benefits from close proximity to Plymouth University. Nearby occupiers include Aldi, Costa Coffee, Co-operative Food, Superdrug, KFC, Domino’s Pizza, Boots the Chemist and JD Wetherspoon.

Tenure

Freehold.

Location
Miles
43 miles south-west of Exeter, 120 miles south-west of Bristol
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Situation

The property is located in a mid terrace parade on the east side of Mutley Plain, a prominent arterial route one mile north-east of Plymouth city centre. The property benefits from close proximity to Plymouth University. Nearby occupiers include Aldi, Costa Coffee, Co-operative Food, Superdrug, KFC, Domino’s Pizza, Boots the Chemist and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises a convenience store arranged on the ground, basement and first floors and a coffee shop arranged on the ground and first floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a convenience store arranged on the ground, basement and first floors and a coffee shop arranged on the ground and first floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Basement
Ground

First
Ancillary
Convenience
Store
Ancillary
199.93 sq m
329.81 sq m

285.77 sq m
(2,152 sq ft)
(3,550 sq ft)

(3,076 sq ft)
SAINSBURY’S
SUPERMARKETS
LIMITED (1)
15 years from
05/10/2012 (2) on a
full repairing and
insuring lease
£86,000 05/10/2017 and 5
yearly thereafter
linked to RPI (3)
Ground
First
Retail
Ancillary
130.06 sq m
24.43 sq m
(1,400 sq ft)
(263 sq ft)
13 MUTLEY PLAIN
LIMITED with a
PERSONAL GUARANTEE
(t/a Barista Brothers) (4)
15 years from
07/11/2014 on a full
repairing and
insuring lease
£15,000 07/11/2015 and
annually
thereafter linked
to RPI (5)
Totals
969.97 sq m
(10,441 sq ft)
    £101,000

(1) For the year ending 15th March 2014, Sainsbury’s Supermarkets Ltd reported a turnover of £23,919,000,000, pre-tax profits of £810,000,000 and a total net worth of £4,706,000,000. (Source: Experian Group 17/09/2015)
(2)The lease provides for a tenant option to determine in October 2022.
(3) The lease is subject to five yearly rent reviews linked to the Retail Price Index, subject to a minimum of 1.5% and a maximum of 3.5% compounded per annum.
(4) Barista Brothers is a coffee franchise with three outlets in Devon and Dorset.
(5) The lease is subject to annual rent reviews linked to the Retail Price Index, subject to a minimum of 2.5% and a maximum of 4% compounded per annum

Property Documents

  • Site Plan
    Updated Date
    30.09.15
    File Size
    87 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    619 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Croft Commercial 7 The Crescent
Plymouth
PL1 3AB
Javan Spencer 01752 201 748js@croftsurveyors.co.uk
Seller's Solicitors
Dean Wilson LLP 96 Church Street
Brighton
BN1 1UJ
David Hodge 01273 249 249dh@deanwilson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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