Freehold Retail Investment
Freehold Retail Investment
Plymouth is the largest city in Devon and Cornwall and one of the largest regional centres in the South West serving a population of approximately 250,000. Plymouth is situated on the border with Cornwall and is accessible via the A38 connecting the city with Cornwall to the west and Exeter to the east. Devonport is a suburb of Plymouth located 1 mile to the west of the city centre. The property is prominently located at the junction of Chapel Street and Phelps Road, opposite a primary school, library and Esso petrol station.
Freehold.
Plymouth is the largest city in Devon and Cornwall and one of the largest regional centres in the South West serving a population of approximately 250,000. Plymouth is situated on the border with Cornwall and is accessible via the A38 connecting the city with Cornwall to the west and Exeter to the east. Devonport is a suburb of Plymouth located 1 mile to the west of the city centre. The property is prominently located at the junction of Chapel Street and Phelps Road, opposite a primary school, library and Esso petrol station.
Freehold.
The Vision comprises five modern ground floor retail units, each with a car parking space. The residential flats on the upper floors are let on a long lease.
VAT is applicable to this lot.
Six Week Completion
Bands A. See legal pack at www.acuitus.co.uk
The Vision comprises five modern ground floor retail units, each with a car parking space. The residential flats on the upper floors are let on a long lease.
VAT is applicable to this lot.
Six Week Completion
Bands A. See legal pack at www.acuitus.co.uk
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x. | Review | |
|---|---|---|---|---|---|---|---|---|
| Unit 1 | Ground | Retail | 65.53 sq m |
(705 sq ft) |
VIP VAPERS (1) PLYMOUTH LIMITED |
5 years from 05/06/2018 (2) |
£10,000 (3) | 2021 (2) |
| Unit 2 | Ground | Retail | 47.87 sq m |
(515 sq ft) |
INDIVIDUAL t/a Barbers |
04/12/2015 expiring 03/06/2025 |
£9,500 | 2019 |
| Unit 3 | Ground | Retail | 95.94 sq m |
(1,033 sq ft) |
WESTCOUNTRY KITCHENS LIMITED (5) t/a Dream Doors |
10 years from 19/02/2019 (4) |
£11,500 (5) | 2024 (4) |
| Unit 4 | Ground | Retail | 67.67 sq m |
(728 sq ft) |
1 LESS WORRY PAYROLL SERVICES LIMITED (6) (8) |
5 years from 07/12/2018 (7) |
£10,000 (8) | 2021 (7) |
| Unit 5 | Ground | Retail | 70.71 sq m |
(761 sq ft) |
CHOICE FULFILMENT (SERVICES) LIMITED |
5 years from 01/11/2018 (9) |
£8,000 (10) | 2021 |
| Upper Floors |
Residential | CHAPEL STREET DEVONPORT LIMITED |
999 years from 2018 |
Peppercorn | ||||
| Total (Commercial) |
347.72 sq m |
(3,742 sq ft) |
£49,000 rising to £52,500 pa in 2020 |
|||||
(1) Rent deposit held of £1,800.
(2) Tenant's option to determine in 2021.
(3) Rent rising in June 2020 to £11,000 p.a.
(4) Tenant's option to determine in 2022 and 2025.
(5) Rent deposit held of £2,875.
(6) www.onelessworrypayroll.co.uk
(7) Tenant's option to determine in 2021.
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