Lot 5: MIXED USE PROPERTY IN PROMINENT LOCATION

Mixed Commercial/Residential - Plymouth Area
Mixed Commercial/Residential - Plymouth Area
Mixed Commercial/Residential - Plymouth Area
Flat 2 Bedroom
Mixed Commercial/Residential - Plymouth Area
Flat 1 Kitchen
Mixed Commercial/Residential - Plymouth Area
Retailers Directly Opposite
Sold £200,000

Situated on a busy retail thoroughfare close to national retailers including Costa Coffee, Superdrug and a Co-operative food store this substantial four storey terraced property is currently arranged as a ground floor and basement commercial premises, with two well proportioned two bedroom flats occupying the upper floors.

The commercial unit is currently occupied by a tanning salon whilst the two flats each require a programme of improvement to varying degrees.

Interest is anticipated from investors looking to add to their portfolio and speculators who may consider individual resale of the flats back into the local market post improvement works.

Commercial Unit

Ground Floor

Retail area, staff room and staff toilets

Basement

Storage and retail area

Tenancy

Holding over under the terms of a commercial lease from 6th February 2008 to 23 December 2014 at a current rental of £17,950 per annum. The premises are currently trading as Consol Tanning Studio.

Residential

Ground Floor

Communal front access shared with 62 Mutley Plain.

First Floor – Flat 1

Kitchen, living room, inner hallway, two bedrooms, further room (previously used as a bedroom but having no windows) and bathroom with W.C.

Second Floor – Flat 2

Hallway, living room/kitchen, two bedrooms and bathroom with W.C.

Outside

To the rear is a useful area of yard space with store room (not inspected).

Auctioneer’s Note 1

At the time of publication the auctioneers have not inspected the ground floor and basement commercial unit. Interested applicants are advised to make their own enquiries to verify the accommodation details provided.

Auctioneer’s Note 2

For information relating to the commercial elements rateable value and other data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property in the appropriate search field.

Freehold with Part Vacant Possession

Residential EPC: E
Commercial EPC: C

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