Mannamead Road, Plymouth Offers In Region Of £270,000 (Freehold)

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The premises occupy a prime position within what is regarded as Estate Agents row at the Mannamead Road end of Mutley Plain a desirable secondary retail area of Plymouth City. The property was substantially redeveloped in the 1980's and thus provides a well-planned modern arrangement with dedicated fire escapes etc and communal facilities on the upper floors allowing multiple lets if required.

The ground floor retail unit offers spacious accommodation with staff accommodation and garage on the lower ground floor and has the benefit of A2 offices/financial services consent. The general development order allows permitted change of use to A3 restaurant or D2 assembly and leisure use such as gyms subject to prior approval.

The majority of the lower ground floor is at ground level to the rear of the property and offers garaging/storage maybe in conjunction with the offices or else as an independent let.

The building is currently let on short term lets so vacant possession could be made available for all or any particular part should an interested party wish to enter into a long term lease.

Any freehold sale would be with vacant possession unless otherwise agreed with the current occupiers.

Please note that an election to VAT was made when the property was redeveloped, so all prices and rents quoted are exclusive of VAT which will be chargeable at the current rate.

The property is available as a whole at offers in the region of £270,000 + VAT For prospective buyers not already registered for VAT the vendors may well consider a sale by transfer of shares giving a buyer a readymade compliant VAT registered company.

Rental

Offers invited to rent the whole of parts of the space and terms to be agreed. Preferred terms would be on effective FRI terms for 3 years +

Business Rates

Ground Floor and basement £13,750

Garage £3,800

First Floor Front £4,300

First Floor Rear £3,500

Second Floor £3,300

N.B. Small business relief at 100% would apply to any of the office suits and garage for a qualifying tenant. The shop in its current arrangement and size would attract a small business relief of 38.5%. However, it may be possible to reduce the size of the retail area to achieve 100% relief on reassessment. Further details upon request.

EPC The building has assessments of either D or E.

 

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

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