Lot No.: 10
30/31 SOUTHSIDE STREET
THE BARBICAN, PLYMOUTH, DEVON, PL1 2LE
Sole Agents
SHOBROOK & CO LTD
Guide Price circa £500,000
(plus fees stated inside front cover)
Superior freehold, part commercial, part residential investment
Situated in the heart of the historic Barbican shopping centre
A very substantial building probably originally two adjoining properties but long
ago arranged as a spacious commercial unit on the ground floor together with
5 self contained apartments on the upper three floors.
When fully let capable of producing a gross rental income equating to
approximately £46000 per annum.
A rare opportunity to acquire an attractive 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 spacious double fronted 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 St Luke’s Hospice Charity
one of the well supported locally based charities.
Southside Street is favoured by many local traders with particular emphasis on
arts and crafts together with a range of cafes, restaurant and other leisure related
activities.
The upper floors of the building are arranged as 5 self contained apartments, three of
which are currently let on Assured Shorthold tenancies but two of which have been
held vacant pending sale.
Accommodation
Ground Floor
Lock up retail premises currently occupied by St Luke’s Charity and
comprising:
Spacious shop being a double unit with Staff Room, Lobby and Cloakroom with wash
hand basin and W.C.
First Floor
A self contained First Floor Flat comprising:-
Sitting Room, Inner Landing, No.1 Bedroom (double), No.2 Bedroom (double), Kitchen
and Shower Room with shower, wash hand basin and W.C.
There is one room at the rear of the building retained by the landlord as a Manager’s
Office with separate W.C. and Storeroom.
Second Floor:
A self contained Flat 1 comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and Shower Room with shower,
wash hand basin and W.C.
A self contained Flat 2 comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and Shower Room with shower,
wash hand basin and W.C.
Third Floor:
A self contained Flat 3 comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and Shower Room with shower,
wash hand basin and W.C.
A self contained Flat 4 comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and Shower Room with shower,
wash hand basin and W.C.
Outside
Very small enclosed rear courtyard.
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 12
year lease commencing 4th January 2011
at a current rent of £3750 per quarter (i.e.
£15000 per annum).
First Floor Flat
let on an Assured
Shorthold tenancy at a rent of £650 per
calendar month.
Second Floor Flat 1
at present vacant but
previously let at a rent of £500 per calendar
month.
Second Floor Flat 2
let on an Assured
Shorthold tenancy at a rent of £495 per
calendar month.
Third Floor Flat 3
let on an Assured
Shorthold tenancy at a rent of £475 per
calendar month.
Third Floor Flat 4
at present vacant but
previously let at a rent of £500 per calendar
month.
VAT:
We are not aware of any VAT liability
EPC Rating:
First Floor Flat - C72
Flat 1 - C73
Flat 2 - C69
Flat 3 - D62
Flat 4 - D63
Shop - C61
