59 Mutley Plain
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59 Mutley Plain
2,961 SF 100% Leased Retail Building Plymouth PL4 6JH £245,000 (£83/SF) 6.12% Net Initial Yield
Investment Highlights
- Prime roadside retail investment opportunity
- Investment comes with a long term tenant
- Potential redevelopment of site
Executive Summary
This substantial freehold investment property enjoys an enviable main road trading position in the very heart of Mutley Plain, one of Plymouth’s busiest secondary shopping thoroughfares. It has numerous retailers represented within it, including Tesco, Sainsbury, Costa, Wetherspoons, Kentucky Fried Chicken, Dominos etc. In addition, there are a varied selection of other retail concerns represented nearby, as well as numerous office premises and professional concerns such as estate agents, surveyors, mortgage brokers, solicitors etc. Mutley Plain itself is within half a mile of both the main city centre and Plymouth’s expanding university and campus. Mutley Plain generates a
consistent year round trade and enjoys both local residents and students custom, with the area serviced by a large public car park.
consistent year round trade and enjoys both local residents and students custom, with the area serviced by a large public car park.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,961 SF
Building Class
B
Year Built
1922
Price
£245,000
Price Per SF
£83
Net Initial Yield
6.12%
NOI
£15,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Amenities
- Bus Route
- Signage
- Storage Space
1 of 1
Nearby Major Retailers
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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59 Mutley Plain
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