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Chaddlewood Garages, 251-257 Ridgeway, Plympton, Plymouth

£2,300,000

Business rates & charges may apply

Miller Commercial, Listers
SIZE

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SECTOR

Commercial development for sale

Key features

  • Modern showroom building, and adjoining Petrol Filling Station
  • 16,448 sq ft (1528.04sq m) GIA
  • Strong covenants of Motor Fuel Ltd & Vertu Motors (Property) Ltd
  • Rental income of £161,898 per annum exclusive
  • AWULT of 7.75 years to expiry
  • Significant rental growth potential with ERV of £9ft on warehouse element

Description

The property comprises a showroom and separate petrol filling station fronting onto Ridgeway. The property comprises a ground floor showroom with ancillary warehouse used for vehicle storage and repair. The warehouse is split into two separate units due to the change in levels. The first-floor accommodation includes offices and ancillary storage. The petrol filling station trades as Esso, and fronts onto the busy Ridgeway.The station has 8 pumps, and a rear retail outlet trading as Londis. The building is a two-storey building with brick elevations under a pitched tiled roof. The ground floor provides a retail unit. In 2020, the tenant constructed an additional single storey extension with brick elevations and a flat roof which provides a Greggs retail unit. The upper floor provides ancillary office and storage accommodation. Externally there is a large secure yard area to the front of the showroom, and parking to the front, side and rear of the warehouse unit.

Brochures

Chaddlewood Garages, 251-257 Ridgeway, Plympton, Plymouth

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Plymouth Station5.0 miles

About Miller Commercial, Listers

16 Watson Place, St. Judes, Plymouth, PL4 9QN

Listers Property Consultants is part of the Miller Commercial Group alongside sister brand Huntley and Partners. The group covers Devon and Cornwall and the wider Southwest. Specialities include the acquisition and disposal of all commercial property types together with development sites and investments. In addition, the group undertakes property management, valuation and building surveying activities. The group has offices in Plymouth and Truro.

Notes

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