2 Pemros Road & 11 Victoria Road, St Budeaux, Plymouth, PL5 1ND & PL5 1RW

2 Pemros Road & 11 Victoria Road, St Budeaux, Plymouth, PL5 1ND & PL5 1RW

Floor Area: 908 Sq Ft
Price: £130,000
  • Ref: A1029
  • Type: Retail
  • Availability: For Sale
  • Make Enquiry
  • View Brochure

Property Features

  • Prominent corner location in busy Plymouth suburb
  • Good quality tenants
  • Fully let
  • Freehold
  • Current income £13,550 p.a.

Property Summary

The properties comprise two ground floor retail shops with a self-contained residential flat at first floor level.
Built in the early 1900s the property is of traditional solid masonry construction under part pitched slated roof and part flat roof.

Full Details

Situation
The properties are located in St Budeaux the busy western suburb of Plymouth in a corner position on the junction of Pemros Road and Victoria Road and with good access to the A38 Devon Expressway 1 mile north.

Within the suburb accommodates a number of national and local retailers including Lidl and Co-Op supermarkets, Dominos, Consol, Pizza Hut, Well Pharmacy other estate agents etc.

Accommodation
(All dimensions and areas are approximate)

2a Pemros Road
Sales: 34.81 sqm (375 sqft)
Ancillary: 6.8 sqm (74 sqft)

11 Victoria Road
Sales: 36.21 sqm (390 sqft)
Ancillary: 6.43 sqm (69 sqft)

First Floor Flat
Open plan kitchen and living room, three bedrooms and bathroom. Sold on a long lease.

Tenancies
2a Pemros Road
Shop: Let to Countryside Estate Agents (trading as Fulfords) for a term of 10 years from 25th March 2013 and now holding over at a rent of £6,500 p.a.x.

11 Victoria Road
Shop: Let to Hannah’s (1988) Ltd for a terms of 5 years from 24th January 2014 and now holding over at a rental od £7,000 p.a.x. Negotiations have commenced for a new 10 year lease with 5 year tenant break option at a rent of £8,500 p.a.x. for years 1 and 2 rising to £9,000 p.a.x for years 3 to 5 inclusive.

2b Pemros Road
First Floor Flat: A lease form 29th September 2000 for a term of 125 years with an annual ground rent of £50.

Services
We understand that mains electricity, water and drainage are connected to the retail units with gas connected to the first floor aswell.

Purchase Price
Offers in excess of £130,000 are sought.

EPC
The EPC Ratings are as follows:

2a Pemros Road - B38

11 Victoria Road - C60

2b Pemros Road - Not Applicable

Other
A successful purchaser will be required to provide relevant information to satisfy Anti Money Laundering Regulations upon agreement of Heads of Terms.

Viewing Details
Strictly by prior appointment through sole agents:-

Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB

John H Slade, BSc MRICS
Tel: 01752 255222
Mobile: 07770 653516
E-mail: johns@monkandpartners.co.uk

2 Pemros Road & 11 Victoria Road, St Budeaux, Plymouth, PL5 1ND & PL5 1RW

Floor Area: 908 Sq Ft
Price: £130,000
  • Ref: A1029
  • Type: Retail
  • Availability: For Sale
  • Make Enquiry
  • View Brochure

Property Features

  • Prominent corner location in busy Plymouth suburb
  • Good quality tenants
  • Fully let
  • Freehold
  • Current income £13,550 p.a.

Property Summary

The properties comprise two ground floor retail shops with a self-contained residential flat at first floor level.
Built in the early 1900s the property is of traditional solid masonry construction under part pitched slated roof and part flat roof.

Full Details

Situation
The properties are located in St Budeaux the busy western suburb of Plymouth in a corner position on the junction of Pemros Road and Victoria Road and with good access to the A38 Devon Expressway 1 mile north.

Within the suburb accommodates a number of national and local retailers including Lidl and Co-Op supermarkets, Dominos, Consol, Pizza Hut, Well Pharmacy other estate agents etc.

Accommodation
(All dimensions and areas are approximate)

2a Pemros Road
Sales: 34.81 sqm (375 sqft)
Ancillary: 6.8 sqm (74 sqft)

11 Victoria Road
Sales: 36.21 sqm (390 sqft)
Ancillary: 6.43 sqm (69 sqft)

First Floor Flat
Open plan kitchen and living room, three bedrooms and bathroom. Sold on a long lease.

Tenancies
2a Pemros Road
Shop: Let to Countryside Estate Agents (trading as Fulfords) for a term of 10 years from 25th March 2013 and now holding over at a rent of £6,500 p.a.x.

11 Victoria Road
Shop: Let to Hannah’s (1988) Ltd for a terms of 5 years from 24th January 2014 and now holding over at a rental od £7,000 p.a.x. Negotiations have commenced for a new 10 year lease with 5 year tenant break option at a rent of £8,500 p.a.x. for years 1 and 2 rising to £9,000 p.a.x for years 3 to 5 inclusive.

2b Pemros Road
First Floor Flat: A lease form 29th September 2000 for a term of 125 years with an annual ground rent of £50.

Services
We understand that mains electricity, water and drainage are connected to the retail units with gas connected to the first floor aswell.

Purchase Price
Offers in excess of £130,000 are sought.

EPC
The EPC Ratings are as follows:

2a Pemros Road - B38

11 Victoria Road - C60

2b Pemros Road - Not Applicable

Other
A successful purchaser will be required to provide relevant information to satisfy Anti Money Laundering Regulations upon agreement of Heads of Terms.

Viewing Details
Strictly by prior appointment through sole agents:-

Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB

John H Slade, BSc MRICS
Tel: 01752 255222
Mobile: 07770 653516
E-mail: johns@monkandpartners.co.uk