Valley Court, 41 Valley Road, Plympton, Plymouth, Devon, PL7 1RF
Valley Court, 41 Valley Road, Plympton, Plymouth, Devon, PL7 1RF
Property Features
- Situated in one of Plymouths well known industrial/trade counter locations just off the B3416 Dual Carriageway.
- Busy location with easy access to the A38 Devon Expressway
- Freehold
- Total Floor Area: 1,200.6 sqm (12,374 sqft) GIA approx.
- 4 Units and Fully Let
- Good Covenants
- Total Rent £107,154 p.a.x
- Reversionary potential to ERV of circa £121,033 p.a.x
- We are instructed to seek offers in excess of £1,500,000 (subject to contract and exclusive of VAT) reflecting a net initial yield of 6.73% with a potential reversion to 7.6% (after costs).
Full Details
LOCATION:
Plymouth is one of the largest commercial centres in the South West of England and is located 45 miles west of Exeter by the A38 Devon Expressway and merging with the M5 Motorway.
Plympton is about 3 miles from Plymouth City Centre. The city has a population of circa 250,000.
Valley Court is situated fronting Valley Road, one of Plymouths main trade counter and industrial locations.
DESCRIPTION:
Valley Court comprises a modern terrace of four units with yard and parking built in 2006 and securely palisade fenced with electric gate and CCTV system. The units are steel portal framed with micro profile insulated cladding above brick and block lower elevations.
The units have a minimum eaves height of 6m.
There are 30 car spaces allocated to the four tenants.
Tenure:
The property is Freehold.
Services:
We understand mains services including electricity (3 phase), water and drainage are connected to the units.
There are currently no mains gas connections to the units.
Tenancy Schedule:
See brochure for Tenant Schedule details.
VAT:
We understand the property will be treated as a Transfer of a Going Concern for VAT purposes.
Proposal:
We are instructed to seek offers in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds) reflecting a net initial yield of 6.73% with potential reversion to 7.6% (after purchasers costs). Subject to contract and exclusive of VAT.
Other:
Under the Money Laundering Regulations 2017, Monk & Partners will require any purchaser to provide proof of identity along with any other associated documents prior to exchange of contracts.
Viewing and Further Information:
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
Valley Court, 41 Valley Road, Plympton, Plymouth, Devon, PL7 1RF
Property Features
- Situated in one of Plymouths well known industrial/trade counter locations just off the B3416 Dual Carriageway.
- Busy location with easy access to the A38 Devon Expressway
- Freehold
- Total Floor Area: 1,200.6 sqm (12,374 sqft) GIA approx.
- 4 Units and Fully Let
- Good Covenants
- Total Rent £107,154 p.a.x
- Reversionary potential to ERV of circa £121,033 p.a.x
- We are instructed to seek offers in excess of £1,500,000 (subject to contract and exclusive of VAT) reflecting a net initial yield of 6.73% with a potential reversion to 7.6% (after costs).
Full Details
LOCATION:
Plymouth is one of the largest commercial centres in the South West of England and is located 45 miles west of Exeter by the A38 Devon Expressway and merging with the M5 Motorway.
Plympton is about 3 miles from Plymouth City Centre. The city has a population of circa 250,000.
Valley Court is situated fronting Valley Road, one of Plymouths main trade counter and industrial locations.
DESCRIPTION:
Valley Court comprises a modern terrace of four units with yard and parking built in 2006 and securely palisade fenced with electric gate and CCTV system. The units are steel portal framed with micro profile insulated cladding above brick and block lower elevations.
The units have a minimum eaves height of 6m.
There are 30 car spaces allocated to the four tenants.
Tenure:
The property is Freehold.
Services:
We understand mains services including electricity (3 phase), water and drainage are connected to the units.
There are currently no mains gas connections to the units.
Tenancy Schedule:
See brochure for Tenant Schedule details.
VAT:
We understand the property will be treated as a Transfer of a Going Concern for VAT purposes.
Proposal:
We are instructed to seek offers in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds) reflecting a net initial yield of 6.73% with potential reversion to 7.6% (after purchasers costs). Subject to contract and exclusive of VAT.
Other:
Under the Money Laundering Regulations 2017, Monk & Partners will require any purchaser to provide proof of identity along with any other associated documents prior to exchange of contracts.
Viewing and Further Information:
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
