VALUABLE INVESTMENT PROPERTY

Ref : R1528

Price

Freehold : Offers in the Region of :: £295,000.00 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.

  • Valuable mixed commercial and residential investment premises.
  • Prime main road site in popular shopping parade.
  • Sought after residential and commercial area of Plymouth.
  • Charming lock-up café to ground and lower ground floor currently let generating £10,400 per annum.
  • Two self-contained one bedroom flats to the first and second floor currently let generating £15,250 per annum.
  • Total rental income approx. £25,620 per annum.
  • Impressive return. Viewing strongly recommended.

This impressive mixed commercial and residential investment property occupies an enviable main road trading position, in the popular Hyde Park shopping parade just off Mutley Plain, only a mile or so from the main city centre of Plymouth.  The parade draws its trade from the popular and sought after residential communities of Hyde Park, Peverell, Mannamead and Mutley which helps to ensure an excellent and consistent year round trade for the café.  In turn, Plymouth’s expanding university is within comfortable walking distance and, as such, the flats always prove popular and easy to let.  Consequently, a consistent and balanced annual rental income is achieved from the property. 

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. 




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Office Address

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

Telephone

01752 206020

(24hr answering service)