FREEHOLD INVESTMENT-MIXED RETAIL SHOPS AND RESIDENTIAL GROUND RENT INVESTMENTS

Ref : M3422

Price

Freehold : Offers in the Region of :: £329,000.00 SOLE AGENTS

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Freehold investment.
  • Mixed retail and residential ground rent investment.
  • Prime location. Heart of historic water's edge Barbican area.
  • Substantial period property comprising 3 self-contained retail shop units producing commercial rentals, together with 8 self-contained flats sold off on long leases generating annual ground rents.
  • Total Rental Income approx. £28,000 per annum.
  • Viewing recommended.

This impressive and substantial period property is located in a prime trading position in Southside Street, in the very heart of Plymouth's historic harbourside Barbican area. The Barbican is the city's most popular tourist area, famous for its narrow cobbled streets and history, tourist style shops, art galleries, restaurants, public houses, clubs, wine bars etc. The harbourside itself has a large number of boat moorings and marinas, and the city's famous Plymouth Hoe and main sea-front area are all within easy walking distance.

Plymouth, with a population of over 250,000 is the largest city in the West Country.  Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards.  The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail.  Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.

The premises are terraced, with the original part of the property at least 150 years old and of traditional style construction with rendered elevations extending over three floors to the front, together with a large two storey property to the rear. 

In brief, it comprises 3 self-contained shop units at ground floor level fronting on to Southside Street, together with 8 self-contained flat units located to the upper floors and rear, all of which have been sold off on long leasehold interests and generate a ground rent.

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Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

We want you to know exactly how our service works, how we use your personal data and how it is stored and transmitted. Please state that you have read and understand our Terms & Conditions and our Privacy Policy.

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)