Unit 3 Park Avenue, Devonport, Plymouth, PL1 4FR

Unit 3 Park Avenue, Devonport, Plymouth, PL1 4FR

Floor Area: 1,150 Sq Ft
  • Ref: A0850
  • Type: Investment
  • Availability: Sold
  • Make Enquiry
  • View Brochure

Property Features

  • Prominent corner location on arterial route
  • Retail unit within major new residential development - Vision
  • Let to Appleby Westward
  • Long Leasehold (999 years)

Property Summary

The premises comprise a prominent corner retail unit within a terrace of three lock up ground floor units with vertical panel double glazed shop front with double door access.

Full Details

LOCATION
The unit is situated in a prominent location fronting Park Avenue, Devonport, the main western arterial route out of Plymouth towards Cornwall.
The location serves a substantial residential population of established and new housing as well as being next to the Granby Gate leading into Devonport Dockyard and forming part of the new Vision development.

ACCOMMODATION:
(All floor areas are approximate)
Unit 3:
106.84 sq m (1150 sq ft)

SERVICES:
We understand mains water, electricity and drainage will either be connected or available to the units.

BUSINESS RATES:
We understand the property is on the Rating List as follows:
Rateable Value: £8,000 p.a.x.

SERVICE CHARGE:
There is a service charge for the property, full details of which are available upon request from the agent.

TENANT:
The property is let to Appleby Westward trading as Spar on a full repairing and insuring lease for a term of 9 years from September 2012 at a current rent of £11,500 p.a.x.

PROPOSITION:
Offers are sought for the long leasehold interest (999 years).

EPC:
The unit has an Energy Performance Rating of C55.

VAT:
VAT will be charged on the purchase price.

LEGAL COSTS:
Each party will be responsible for their own legal costs incurred in the transaction.

VIEWING AND FURTHER INFORMATION:
Strictly by prior appointment through sole agents:-

Unit 3 Park Avenue, Devonport, Plymouth, PL1 4FR

Floor Area: 1,150 Sq Ft
  • Ref: A0850
  • Type: Investment
  • Availability: Sold
  • Make Enquiry
  • View Brochure

Property Features

  • Prominent corner location on arterial route
  • Retail unit within major new residential development - Vision
  • Let to Appleby Westward
  • Long Leasehold (999 years)

Property Summary

The premises comprise a prominent corner retail unit within a terrace of three lock up ground floor units with vertical panel double glazed shop front with double door access.

Full Details

LOCATION
The unit is situated in a prominent location fronting Park Avenue, Devonport, the main western arterial route out of Plymouth towards Cornwall.
The location serves a substantial residential population of established and new housing as well as being next to the Granby Gate leading into Devonport Dockyard and forming part of the new Vision development.

ACCOMMODATION:
(All floor areas are approximate)
Unit 3:
106.84 sq m (1150 sq ft)

SERVICES:
We understand mains water, electricity and drainage will either be connected or available to the units.

BUSINESS RATES:
We understand the property is on the Rating List as follows:
Rateable Value: £8,000 p.a.x.

SERVICE CHARGE:
There is a service charge for the property, full details of which are available upon request from the agent.

TENANT:
The property is let to Appleby Westward trading as Spar on a full repairing and insuring lease for a term of 9 years from September 2012 at a current rent of £11,500 p.a.x.

PROPOSITION:
Offers are sought for the long leasehold interest (999 years).

EPC:
The unit has an Energy Performance Rating of C55.

VAT:
VAT will be charged on the purchase price.

LEGAL COSTS:
Each party will be responsible for their own legal costs incurred in the transaction.

VIEWING AND FURTHER INFORMATION:
Strictly by prior appointment through sole agents:-