Prime location investment property
An exciting investment opportunity in a prime location with a recognised national company which have been established in this location for many years. The tenant has recently upgraded the retail unit and to the rear are redundant unoccupied large ground floor and 1st floor premises. The unused premises to the rear would ideally suit either an extension to the existing tenants on ground floor or conversion back to either one or two apartments. With good rental income and further potential, this is an opportunity not to be missed. Early viewings are highly recommended.
These premises are located at No. 179 St Marychurch road amongst a parade of both national & independent retailers and with Waitrose super market only a couple of hundred yards away. The location enjoys a very high vehicle and pedestrian foot fall together with convenient free short-term parking opposite. This location benefits from easy access to town centre, harbour, main arterial road links to cities like Plymouth and the cathedral city of Exeter with its International airport.
GROUND FLOOR TO FRONT
MAIN RETAIL AREA
15.91m x 5.12m
This area is bright and airy and has been subdivided into many tanning booths
OFFICE / KITCHENETTE
An office situated to the rear which acts as a office and general staff room.
With low level WC and wash hand basin.
UN-OCCUPIED PREMISES TO REAR
These are unoccupied and are accessed via Fortune Way and in need of refurbishment.
Entrance through UPVC door to:
4.69m x 1.60m
A large reception area and door to:
A good-sized bathroom with wet-room shower area, low level WC and wash hand basin.
KITCHEN / DINER
5.45m x 5.11m
With a kitchen area and larger dining area.
5.42m x 4.71m
5.66m x 4.99m
With shower, low level WC and wash hand basin.
3.42m x 1.82m
With window to front.
4.60m x 3.72m
With window to front.
7.87m x 3.72m
With a sliding patio door from the 1st floor reception area.
Mains gas, electricity, water and drainage are all connected. No testing of these services has been undertaken by the agents Ware Commercial.
Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk
Ground floor rental income £10,000 per annum exclusive. 10 year lease commencement in October 2017. – next rent review October 2022
All viewings and enquiries are to be made through the agents Ware Commercial.
TEL. 01803 328880 Email. email@example.com www.warecommercial.com
Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.