15 Southside Street, The Barbican, Plymouth, PL1 2LB

15 Southside Street, The Barbican, Plymouth, PL1 2LB

Price: £325,000
  • Ref: A0878
  • Type: Investment
  • Availability: For Sale
  • Make Enquiry
  • View Brochure
  • View EPC

Property Features

  • Freehold Investment Property
  • Part Commercial and Part Residential
  • Gross rental income equating to approx. £25,520 p.a.x
  • FULLY let and Available as going concern
  • Popular Waterfront Location

Property Summary

Southside Street is the principal shopping thoroughfare linking Notte Street to the historic Barbican waterfront and the subject property occupies a prominent corner site at the junction of Southside Street and Citadel Ope. This busy corner site also links Southside Street and The Parade.

Full Details

ACCOMMODATION:
Comprising a ground floor café/coffee shop retail area with customer facilities and kitchen area as follows:
• Retail area – 26.8 sqm (288 sqft)
• Storage/Ancillary – 4.0 sqm (43 sqft)
• WC
The self-contained maisonette comprises entrance with store and WC with stairs leading to upper floors. An attractive modern kitchen / diner with dual aspect south and west views on to Southside Street, a utility room to one side provides a useful space for storage and laundry. A spacious living room adjacent allows ample light from Southern Aspect. A cloakroom is accessed from the landing. The second floor comprises two double bedrooms both offering ensuite shower rooms. Once again, a useful storage cupboard is provided on the landing.

Services
We understand that mains water, gas, electricity and drainage are connected to the property.

Tenancies
The ground floor café/coffee shop is let on a 10 year lease commencing 5th November 2018 with no breaks at a rental of £12,000 p.a.x.

The Maisonette is currently let from the 1st September 2019 for 3 years on an Assured Shorthold Tenancy £13,520 p.a.x.

The two parts of the property provide a total gross rental income of £25,520 p.a.x.

Proposition
PROPOSITION:
The investment is available Freehold, with all landlords furniture, fixtures and fittings included (inventory available on request) with offers in excess of £325,000 sought.

Legal Costs
Each party will be responsible for their own incurred in the transaction.

VAT
VAT is not chargeable on the purchase price.

Viewing Strictly by appointment through the Agent
Strictly by prior appointment through sole agents:-

Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB

Tel: 01752 255222
Gareth Forrest Email: gareth@monkandpartners.co.uk
John Slade Email: johns@monkandpartners.co.uk

15 Southside Street, The Barbican, Plymouth, PL1 2LB

Price: £325,000
  • Ref: A0878
  • Type: Investment
  • Availability: For Sale
  • Make Enquiry
  • View Brochure
  • View EPC

Property Features

  • Freehold Investment Property
  • Part Commercial and Part Residential
  • Gross rental income equating to approx. £25,520 p.a.x
  • FULLY let and Available as going concern
  • Popular Waterfront Location

Property Summary

Southside Street is the principal shopping thoroughfare linking Notte Street to the historic Barbican waterfront and the subject property occupies a prominent corner site at the junction of Southside Street and Citadel Ope. This busy corner site also links Southside Street and The Parade.

Full Details

ACCOMMODATION:
Comprising a ground floor café/coffee shop retail area with customer facilities and kitchen area as follows:
• Retail area – 26.8 sqm (288 sqft)
• Storage/Ancillary – 4.0 sqm (43 sqft)
• WC
The self-contained maisonette comprises entrance with store and WC with stairs leading to upper floors. An attractive modern kitchen / diner with dual aspect south and west views on to Southside Street, a utility room to one side provides a useful space for storage and laundry. A spacious living room adjacent allows ample light from Southern Aspect. A cloakroom is accessed from the landing. The second floor comprises two double bedrooms both offering ensuite shower rooms. Once again, a useful storage cupboard is provided on the landing.

Services
We understand that mains water, gas, electricity and drainage are connected to the property.

Tenancies
The ground floor café/coffee shop is let on a 10 year lease commencing 5th November 2018 with no breaks at a rental of £12,000 p.a.x.

The Maisonette is currently let from the 1st September 2019 for 3 years on an Assured Shorthold Tenancy £13,520 p.a.x.

The two parts of the property provide a total gross rental income of £25,520 p.a.x.

Proposition
PROPOSITION:
The investment is available Freehold, with all landlords furniture, fixtures and fittings included (inventory available on request) with offers in excess of £325,000 sought.

Legal Costs
Each party will be responsible for their own incurred in the transaction.

VAT
VAT is not chargeable on the purchase price.

Viewing Strictly by appointment through the Agent
Strictly by prior appointment through sole agents:-

Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB

Tel: 01752 255222
Gareth Forrest Email: gareth@monkandpartners.co.uk
John Slade Email: johns@monkandpartners.co.uk