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182 Albert Rd 968 sq ft 100% Let Retail Property Plymouth PL2 1AL £215,000 (£222.11/sq ft) 6.98% Net Initial Yield

INVESTMENT HIGHLIGHTS
- Thriving residential and commercial area of Plymouth
- Healthy return
- Impressive investment property
EXECUTIVE SUMMARY
This impressive freehold investment premises is located in a prominent main road trading position on Albert Road, one of the main shopping thoroughfares serving the substantial residential areas of Devonport and Stoke, approximately 1 mile from Plymouth’s main city centre. The immediate surrounding area is a mixture of both
residential and commercial properties, whilst one of the main entrances to the Devonport Naval Base and Babcock Marina is within a few hundred metres. Free on-street parking is immediately available outside the unit. Plymouth, with a population of over 250,000 is the largest city in the West Country. Largely rebuilt since World War
II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the
car/passenger ferry which is operated from its terminal at Millbay Docks. The premises are lock-up and occupy the ground floor of a period terrace property. In brief, they comprise a smart and comprehensively fitted sales shop with takeaway section, fully equipped commercial kitchen and prep areas, preparation store, utility room, staff office, WC and freezer store. An early viewing appointment is strongly recommended.
residential and commercial properties, whilst one of the main entrances to the Devonport Naval Base and Babcock Marina is within a few hundred metres. Free on-street parking is immediately available outside the unit. Plymouth, with a population of over 250,000 is the largest city in the West Country. Largely rebuilt since World War
II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the
car/passenger ferry which is operated from its terminal at Millbay Docks. The premises are lock-up and occupy the ground floor of a period terrace property. In brief, they comprise a smart and comprehensively fitted sales shop with takeaway section, fully equipped commercial kitchen and prep areas, preparation store, utility room, staff office, WC and freezer store. An early viewing appointment is strongly recommended.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
968 sq ft
Costar Property Class
B
Year Built
1982
Price
£215,000
Price per sq ft
£222.11
Yield
6.98%
NOI
£15,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Frontage
11 ft on ALBERT ROAD
AMENITIES
- Bus Route
1 1
NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
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182 Albert Rd
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