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93 & 95 , Mutley Plain, Mutley, Plymouth, Devon , PL4

£875,000

£184.09 per sq ft

Business rates & charges may apply

Stratton Creber Commercial, Plymouth
SIZE AVAILABLE

4,753 sq ft

442 sq m

SECTOR

High street retail property for sale

Key features

  • Mixed use commercial investment arranged over five levels. Two commercial units with residential upper floors.
  • Mainly let to students on the upper floors. Conveniently located on Mutley Plain with easy access to the city centre.
  • Combined annual income £92,500 rising in August 2024.
  • Asking price £875,000 reflecting a gross yield of 10.5%.

Description

Two well located retail units on Mutley Plain, one let to Childrens Hospice South West and the other to Moo Music, a local independent soft play café for young children and their parents. Both the commercial units comprise a ground floor and basement. The upper floors consist of three spacious flats, one flat located on each level, currently fully occupied with an established income which is set to increase from August/September 2024. The building is well maintained throughout with each of the commercial tenants on full repairing lease terms. The upper floors are accessed via a staircase and entrance located immediately next to Moo Music.

Brochures

93 & 95 , Mutley Plain, Mutley, Plymouth, Devon , PL4

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Plymouth Station0.6 miles
  • Devonport Station1.7 miles
  • Dockyard Station1.9 miles

About Stratton Creber Commercial, Plymouth

Farrer Court, 75 North Hill, Mutley, Plymouth, PL4 8HB

Stratton Creber Commercial provides a full range of services in commercial property across the South West from offices in Exeter, Plymouth and Truro

We are an independent firm with strong local roots, offering a wide range of professional services to the commercial property sector.

We offer a straightforward, personal and honest approach to meeting the needs of our clients, including investors, developers, occupiers and lenders.

We are proud to act for a diverse range of clients, both private and corporate, bringing sound advice to every job, large or small.

Notes

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Disclaimer - Property reference 1164FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stratton Creber Commercial, Plymouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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