Commercial property for sale in Mutley Plain, Mutley, Plymouth PL4, £140,000

140,000.00

Offer Nr.:
65717077
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Savills - National Auctions
Phone(s):
020 8022 4160

* Investment let at £15, 250
* P. a. (10. 89% giy on guide)
* Let to 2 separate tenants
* Ground & Lower ground let at £9, 000 p. a.
* 1st & 2nd floor let at £6, 250 p. a.
* Possible future development potential to convert the upper floor into residential use (subject to the requisite consents & existing lease)
* Development space to add additional space to the rear of the property (subject to the requisite consents)
* Parking space to the rear of the property
* VAT free investment
**Strapline**
Auction Sale - 10/10/2023
Of interest to investors and developers
A substantial 3 storey (and lower Ground) mid terrace property form part of
busy shopping parade with future development potential (subject to the
requisite consents and existing lease)
Investment let £15, 250 p. a.
**Description**
The property is a mid terrace property forming part of a busy and established
shopping parade. The building comprises of a retail unit at Ground and lower
ground floor and a clinic/treatment rooms on the 1st & 2nd floor.
There is large rear yard to the back of the property which can be accessed via
Seaton Lane which provides a number of car parking spaces and could offer
future development potential to add additional space (subject to the requisite
consents).
Nearby occupiers include Dominos (adjacent), Boots, Post office, Wetherspoons,
kfc as well as wide range of independent local retailers.
**Location**
The property is located on the Western side of Mutley Plain and is located
close to the junction with Seaton Avenue.
Plymouth Station is located an approx. 0. 6miles
**Transport**
Plymouth Station - National rail services
**Tenancy**
Please refer to Accommodation /Tenancy Schedule
**Accommodation**
Please refer to Accommodation /Tenancy Schedule

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