Chartered Surveyors and Business Property Specialists
Investment for sale / Freehold

£105,000 Offers in the region of

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161 Molesworth Road, Stoke, Plymouth, Devon

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Overview

  • RETAIL/BUSINESS SPACE INVESTMENT FOR SALE
  • PROMINENT LOCATION
  • RETURN FRONTAGE ONTO MOLESWORTH ROAD AND DEVONPORT ROAD
  • LET TO WELL KNOWN AND SUCCESFUL ESTATE AGENCY BUSINESS AT £8,000 PA
  • RENTAL RETURN OF 7.6% WITH POTENTIAL TO IMPROVE RETURNS AT REVIEW
  • UPPER FLOOR SOLD ON LONG LEASEHOLD
  • EPC D (95)

Retail/business space investment opportunity in a central location in Stoke, Plymouth generating £8,000 per annum, a return of 7.6% NIY. This is a busy and dynamic part of Plymouth home to a large number of local residents as well as students and the property occupies a very visible and prominent position at the junction of Molesworth Road and Devonport Road, in close proximity to the naval dockyards as well as Home Park and within easy access of the City’s central business district and main university campus.

Plymouth is the largest city in Devon and Cornwall and one of the largest regional centres in the South West with a residential
population of approximately 250,000 inhabitants. The city is easily accessible with the main A38 located circa two miles
north of the city centre.
The property is located in the largely residential suburb of Stoke, less than two miles from the city centre. There is a retail parade located on Devonport Road comprising predominantly local retailers pubs and restaurants.

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