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20 Morshead Rd 1,552 sq ft 100% Let Retail Property Plymouth PL6 5AH £525,000 (£338.27/sq ft)
Investment Highlights
- Freehold investment – mixed use
- Gross yield of 7.7% before costs
- Two garages, stores & parking
- 2,909 sqft ( 270 sqm )
- Ground floor retail unit & two residential flats
- EPC: B (29)
Executive Summary
Freehold investment for sale in popular high street location. Asking price at £525,000.
This end of terrace, substantial, investment property comprises ground floor commercial unit, currently vacant and available at £22,000pa. The first floor comprises two residential flats 1x one bed and 1x two bed. Within the grounds there are two garages with additional stores plus parking for three cars. Gross income £40,400pa when occupied.
Crownhill is an affluent suburb of Plymouth to the north of the A38, near its junction with the A386 Tavistock Road, the main arterial route from the north. Since construction of the dual carriageway, Crownhill has become a busy local district centre with a variety of shops and services.
This end of terrace, substantial, investment property comprises ground floor commercial unit, currently vacant and available at £22,000pa. The first floor comprises two residential flats 1x one bed and 1x two bed. Within the grounds there are two garages with additional stores plus parking for three cars. Gross income £40,400pa when occupied.
Crownhill is an affluent suburb of Plymouth to the north of the A38, near its junction with the A386 Tavistock Road, the main arterial route from the north. Since construction of the dual carriageway, Crownhill has become a busy local district centre with a variety of shops and services.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,552 sq ft
Costar Property Class
C
Year Built
1961
Price
£525,000
Price per sq ft
£338.27
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.40
Total Plot Size
0.09 ac
Parking
2 Spaces (2.25 Spaces per 1,000 sq ft Leased)
Frontage
59 ft on Morshead Road
Amenities
- Security System
- EPC - C
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Nearby Major Retailers
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20 Morshead Rd
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