Acting on behalf of NOS 2 Ltd, Monk and Partners have sold the freehold investment property 52/56 Embankment Rd, Plymouth which comprises a two storey building arranged as two ground floor shops let to Bet Fred, Bookmakers and a Polish supermarket/delicatessen together with a vacant basement workshop/warehouse formerly used as a cash and carry among other uses.
At the time of the sale the property was producing a rental of £26,000 p.a.x. and was sold off an asking price of £300,000.
Stratton Creber represented the purchasers.
Monk & Partners have subsequently let the lower ground floor of about 270 sq m (2900 sq ft) to a leisure operator who has gained planning permission for a gym use.