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For Sale
Offers in the Region Of £275,000
28 Stonehouse Street
Plymouth, Devon PL1 3PE
United Kingdom
Sq ft
3,555
Sq m
330.2595
Category Investment
CODE 5470
Bruton Knowles have been instructed to sell this commercial investment close to Plymouth City centre. The Freehold interest in the premises, is subject to an existing lease, a copy of which is available via the agents website or by contacting the selling agents.

The lease is dated 17th July 2017 and is for a term of 10 years, with a tenant only break (not exercised) and rent review on the 5th anniversary of the term.

The rent passing is £16,000 pa (£4.50sqft). The estimated rental value (ERV) is £21,000 pa (£6.00sqft).

We are instructed to seek offers in the region of £275,000 for the interest, subject to the existing tenancy. Based upon the ERV a purchase at this level represents a reversionary net initial yield of 7.42% after the allowance of purchasers costs of 2.98%.

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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.