93 & 95 Mutley Plain, Mutley, Plymouth, Devon, PL4 6JJ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 14 May
- High Yielding Mixed-Use Investment Opportunity
- A Freehold Property
- Two Ground Floor Retail Units with Residential Upper Parts
- Fully Let to Five Tenants
- Situated on a fully established high street
- VAT not applicable
- 6 week completion
- Investment let at £92,560 p.a. (11.9% GIY on guide price)
Description
StrapLine
Auction Sale - 13/05/2025High Yielding Mixed-Use Investment Opportunity.
Freehold Property comprising Two Ground Floor Retail Units and Three Flats.
Investment let at £92,560 p.a. (11.9% GIY on guide price).
Description
The property comprises a high yielding mixed-use investment opportunity in a fully established high street.
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.
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.
For further details, please refer to the Tenancy Schedule
Location
The property is situated on the East side of Mutley Plain. The property is nearby Tesco Express, Superdrug, Co-op, Pizza Hut and other nearby occupiers include a selection of independent shops, cafes and restaurants.
Transport
Plymouth - CrossCountry and GWR
Accommodation
93 Mutley Plain - Approx. 3,162.03 sq ft
95 Mutley Plain - Approx. 1,591.24 sq ft
93 & 95 Mutley Plain, Mutley, Plymouth, Devon, PL4 6JJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Plymouth Station0.5 miles
- Devonport Station1.6 miles
- Dockyard Station1.9 miles
Notes
Disclaimer - Property reference 187-15696. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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