Lot No.: 9
28 SOUTHSIDE STREET
THE BARBICAN, PLYMOUTH, DEVON, PL1 2LE
Sole Agents
SHOBROOK & CO LTD
Guide Price circa £350,000
(plus fees stated inside front cover)
Freehold, part commercial, part residential
investment
Occupying a prominent corner site in the heart of
the historic Barbican shopping centre
Arranged as a self contained commercial unit on
the ground floor with 3 self contained apartments
above
When fully let capable of producing a gross rental
income equating to approximately £32500 per
annum
A rare opportunity to acquire a valuable investment
property in a prime location
Property Details
Location
Southside Street is the principal shopping thoroughfare
linking Notte Street to the Barbican waterfront and the
subject property occupies a prominent corner site on the
northern side of the road. Plymouth City Centre is also
readily accessible and within walking distance.
Description
A substantially built property of considerable age and
character in the heart of a busy district shopping centre
which is also very popular with tourists visiting the
Mayflower Steps and other historic sights around the
Barbican and Sutton Harbour.
The retail premises on the ground floor are occupied by
The Whistlefish Gallery being one of the many traders in
the area focussed on arts and crafts for which Southside
Street and the surrounding area is famous.
The upper floors of the building are arranged as 3 self
contained apartments, one of which is currently let on an
Assured Shorthold tenancy but the remaining two have
been held vacant pending sale.
Accommodation
Ground Floor
Lock-up retail premises currently occupied by The
Whistlefish Gallery and comprising:
Shop, Rear Lobby and Cloakroom with wash hand basin
and W.C.
First Floor: (Flat 1)
A self contained Flat comprising:-
Sitting Room, Bedroom (double), Kitchen and Shower
Room with shower, wash hand basin and W.C.
Second Floor: (Flat 2)
A self contained Flat comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and
Shower Room with shower, wash hand basin and W.C.
Third Floor: (Flat 3)
A self contained Flat comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and
Shower Room with shower, wash hand basin and W.C.
Outside
Rear courtyard with external fire escape
EPC Rating:
Flat 1 - D56
Flat 2 - D60
Flat 3 - E52
Shop - C54
Vendors Solicitors
WOLFERSTANS, Deptford Chambers, 60/66 North Hill, Plymouth,PL4 8EP
Tel: 01752 663295 Fax: 01752 672021
Reference: Nikki Cobb
Tenure
Freehold subject to leases or Assured Shorthold
tenancies in place at date of completion but at time of
going to print as follows:
Ground Floor Shop Premises
let on a 10 year lease
commencing 14th April 2012 at a current rent of £3750
per quarter (i.e. £15000 per annum)
First Floor Flat 1
let on an Assured Shorthold tenancy
at a rent of £485 per calendar month
Second Floor Flat 2
at present vacant.
Third Floor Flat 3
at present vacant.
VAT:
We are not aware of any VAT liability
