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A Commercial Investment Producing £10,000 per annum
The comprises a first floor commercial unit situated within a corner building arranged over ground and first floors
Tenure
Leasehold. The property will be held on a new 999 year lease.
Location
Mutley Plain is an established parade close to the heart of Plymouth city centre. Nearby multiples include Domino's, William Hill, The Co-Operative Food and Nationwide. Transport links are provided by Plymouth rail station.
Accommodation
First Floor Shop (96 sq m/1033sq ft approx.)
Tenancy Details
The property is let on a FRI lease to Ewan McClelland T/A Pierce- Me for a term of 15 years from 4th May 2007 at a rent of £10,000 per annum paid quarterly. The next Rent Review is scheduled for 4th May 2016. EPC Rating D
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.