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For Sale
Guide Price £295,000
59 Hyde Park Road
Plymouth, Devon PL3 4JN
United Kingdom
Sq ft
685
Sq m
63.60
Category Investment
CODE 3786
This impressive mixed commercial and residential investment property occupies an enviable main road trading position, in the popular Hyde Park shopping parade just off Mutley Plain, only a mile or so from the main city centre of Plymouth. The parade draws its trade from the popular and sought after residential communities of Hyde Park, Peverell, Mannamead and Mutley which helps to ensure an excellent and consistent year round trade for the café. In turn, Plymouth's expanding university is within comfortable walking distance and, as such, the flats always prove popular and easy to let. Consequently, a consistent and balanced annual rental income is achieved from the property.

This IMPRESSIVE MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY is located in an enviable and sought after trading position in this popular secondary retail shopping parade serving a sought after residential and commercial area of Plymouth.

The premises are terraced and appear to be of a traditional construction with rendered and part slate hung elevations under a pitched slate roof. In brief, the property consists of a smart and well-appointed self-contained café with servery, commercial kitchen, utility rooms and a valuable decked trade garden level at ground and lower ground floor level, together with two attractive self-contained one bedroom flats to the first and second floor. An impressive combined rental income of £25,650 per annum is achieved

The ground and lower ground floor operate as a POPULAR AND WELL ESTABLISHED COFFEE SHOP AND CAFÉ which generates a RENTAL INCOME of £10,400 per annum. As detailed, the café and coffee shop has traded successfully for a number of years and the current tenant has been in situ now for the past 8 years and we understand is keen to renew the current lease agreement. In turn, the two flats to the first and second floor are CURRENTLY LET ON 50 WEEK CONTRACTS and generate a RENTAL INCOME of £15,250 per annum. The TOTAL RENTAL INCOME is a healthy £25,650 per annum which is felt to represent a generous investment return.

Copies of both the lease and residential agreements are available after inspection of the premises.

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Mark Slade 
Plumer House Tailyour Road, Crownhill Plymouth PL6 5DH
01752 936101

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Mark Slade 
Plumer House Tailyour Road, Crownhill Plymouth PL6 5DH
01752 936101
These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility. Intending purchasers or tenants should satisfy themselves as to the accuracy of all statements and representations before entering into any agreement. No employee or partner of Bruton Knowles has authority to make or give any representation or warranty in relation to the property.