Modern neighbourhood shopping with residential above
Prominent corner location opposite library and a primary school
Five shop units and five car parking spaces
Lot 52
Auction 11th July 2019
Rent £49,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
43 miles south-west of Exeter
120 miles south-west of Bristol
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Air
Exeter International Airport
Situation
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.
Tenure
Freehold.
Location
Miles
43 miles south-west of Exeter
120 miles south-west of Bristol
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Air
Exeter International Airport
Situation
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.
Tenure
Freehold.
Description
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
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Bands A. See legal pack at www.acuitus.co.uk
Description
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
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Bands A. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
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.
