MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT
Ref : M3424
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.
- Mixed retail and residential investment property.
- Prime main road site in sought after commercial and residential area.
- Substantial corner property with self-contained office suite, self-contained one bedroom first floor flat and large lower ground floor archive store.
- Let currently generating approx. £20,450 per annum.
- Strong investment, viewing recommended.
This impressive freehold investment property occupies a highly visible corner main road trading position adjacent to one of the main arterial roads leading into Plymouth city centre. It is located at the junction of Mannamead Road with College Avenue, at the northern end of Mutley Plain. Mutley Plain is a popular secondary shopping parade and has numerous retailers represented within it, including Tesco, Sainsburys, Co-op, Costa Coffee, Boots, Wetherspoons, Kentucky Fried Chicken, Domino Pizza etc. In addition, there is a varied selection of other retail concerns nearby, and there is a full variety of office units, including estate agents, surveyors, mortgage brokers, solicitors etc. Indeed, the said property is located in a well known terrace which is referred to locally as “Estate Agent’s Parade”.
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 end-of-terrace and appear to be of traditional construction with rendered and painted elevations under a pitched slate roof. The unit comprises a self-contained office suite at ground floor level, together with a good-sized flat to the first floor and a self-contained lower ground floor store which is accessed via the rear of the property. A viewing appointment is recommended to fully appreciate the location and appeal of this valuable investment property.
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Huntley & Partners
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