Royal London House, 153-155 Armada Way, Plymouth
Size
10,276
Tenure
Leasehold
EPC
Parking
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- Primary use
- Traditional office
- Capacity
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- Desks
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No floor / site plan
Key features
- High Yielding Mixed-Use Investment
- 2 x Retail Units and Offices to Upper Parts
- Let to Four Separate Tenants
- First and Second Floors Vacant
- Asset Management Potential Via Letting
- Prominent Pedestrianised Pitch
- VAT-Free Investment
- Investment Let at £59,300 p.a. (19.76% GIY on Guide Price) + Two Vacant Floors
Description
Arranged as two ground floor retail units, with a separate basement unit and office suites to the upper parts, the property is let to four tenants and producing a total gross rent of £59,300 per annum. The second and third floors are currently vacant and offer asset management potential via letting, with an opportunity to further improve yield.
Please see the Tenancy Schedule and Legal Pack on the Savills Auctions website for accommodation and full tenancy information.
The property occupies a prominent pitch fronting the pedestrianised Armada Way and forming part of the principal central amenity of Plymouth. The surrounding area is characterised by similar mixed uses with notable occupiers including Caffe Nero, Greggs, Tesco, Clarks, McDonalds and Sainsburys
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
Royal London House, 153-155 Armada Way, Plymouth
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Disclaimer - Property reference 8FCF0003-A39A-4E5D-BC16-A31F733B8448. 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 National , Savills Auctions- Commercial. 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.