Auction House London

Lot 55

 

18 Mutley Plain

Plymouth, Devon, PL4 6LA

£385,000+

Guide Price

A Freehold Commercial Investment Producing £29,500 per annum

Description

Tenure

Freehold

Location

The property is situated in the Plymouth area of Devon. Nearby multiples include Sainsbury's, The co-operative, Boots Pharmacy and KFC. Transport links are provided by Plymouth rail station & cross country station.

VAT

VAT is applicable

Description (2nd Column)

The property comprises an end of terrace building arranged over ground and first floors currently internally arranged to provide a double fronted ground floor lock up shop along with rear ground and first floor retail units.

Viewing Details

Sold Prior

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Unit 1 Ground Double Fronted Shop Area Let to DP Realty Ltd (wholly owned subsidiary of Domino's Pizza Group Plc) on a 20 year FRI lease from 25.3.12. The tenant has been in occupation since 1997. £17,500
Unit 2 Ground Shop Area Let as a hair and beauty salon at £500 per month (tenancy at will) £6,000
Unit 3 First Shop Area Let as a hair and beauty salon at £500 per month (tenancy at will) £6,000

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007

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Enquire about 18 Mutley Plain, Plymouth, Devon, PL4 6LA

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