IMPRESSIVE MIXED USE INVESTMENT PROPERTY

Ref : M3510

Price

Freehold : Offers in the Region of :: £400,000.00 SAV 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.

  • Impressive freehold mixed commercial and residential investment
  • High street location close to main city centre, substantial period property
  • Well established takeaway to ground floor
  • 2 large self-contained flats to upper floors
  • Historic planning to rear for 2 bedroom mews house
  • Total rental income approx. £30,000 per annum
  • Impressive unit. Viewing strongly recommended

This impressive investment property is located in a prominent main road trading position in Union Street, one of Plymouth’s oldest club and entertainment venues. There are a full and varied selection of businesses represented nearby including a number of pubs and clubs, takeaways, retail shops, Aldi and & Lidl supermarkets, Plymouth Pavilions and the Theatre Royal. To the rear of Union Street is the Millbay Basin which is the home for Brittany Ferries. Millbay Basin is currently undergoing a multi-million pound redevelopment scheme with numerous new flats/apartments, a hotel and other commercial developments taking place. This continues to increase the popularity of the area and should serve to enhance future trading levels and the viability of businesses represented nearby.

Plymouth, with a population of over 264,000 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 and under the present ownership have been extensively renovated and refurbished to provide a smart and popular takeaway with kitchen, prep and storerooms to the ground floor, complimented by two large self-contained two bedroom flats to the upper floors. We understand that historic Planning Permission was obtained to build a 2 bedroom mews style property to the rear.  An early viewing appointment is highly recommended to fully appreciate the size and appear of this lucrative investment property.

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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
16 Watson Place
Plymouth
Devon
PL4 9QN

Telephone

01752 206020

(24hr answering service)