Strong interest was experienced in the recent freehold disposal of 84 Embankment Road, Plymouth. Located in the busy retail parade on the main eastern arterial route leaving Plymouth, the property comprises a 4 storey terraced building with basement, ground floor lock up shop and 3 dilapidated flats in the upper parts and was marketed seeking offers in excess of £100,000.
Interest was such that best bids were sought and with 7 offers the chosen purchaser, an investor from South East England successfully acquired the building.
Subsequently the investor has started refurbishing the building and re-instructed Monk & Partners to market the shop and basement with new lease terms agreed with a prospective tenant within days of being instructed.
Selling/letting agent John Slade commented ”this sale and subsequent letting illustrates there is plenty of life in the market in most sectors post-Covid particularly if they are priced correctly”.