Lot No.: 11
46 SOUTHSIDE STREET
THE BARBICAN, PLYMOUTH, DEVON, PL1 2LE
Sole Agents
SHOBROOK & CO LTD
Guide Price circa £270,000
(plus fees stated inside front cover)
Freehold, part commercial, part residential
investment
Located in the heart of the historic Barbican
shopping centre
Arranged as a self contained commercial unit on
the ground floor with 2 self contained apartments
on the upper two floors
Currently let with the exception of one flat and
producing a gross rental income equating to
approximately £24000 per annum when fully let.
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
southern 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 double fronted retail premises on the ground floor
are occupied by The Flower Shop Café who also utilise
the enclosed rear courtyard for additional seating when
weather conditions permit.
The upper floors of the building are arranged as 2 self
contained apartments each with gas fired central heating
one of which is currently let on an Assured Shorthold
tenancy and the other held vacant pending sale.
Accommodation
Ground Floor
Lock-up retail premises currently occupied by The
Flower Shop Café and comprising:
Double fronted shop with front and rear sections including
kitchen/preparation area with adjoining store.
First Floor:
A self contained Flat 1 comprising:-
Entrance Lobby, Sitting Room, Bedroom (double), Kitchen
and Bathroom with bath, wash hand basin and W.C.
Second Floor:
A self contained Flat 2 comprising:
Landing, Sitting Room, Bedroom (double), Kitchen and
Shower Room with shower, wash hand basin and W.C.
Outside
Enclosed rear courtyard utilised in conjunction with the
Café operating from the ground floor premises.
Outbuildings
Cloakroom with wash hand basin and W.C.
EPC Rating:
Flat 1 - D63
Flat 2 - D59
Shop - E104
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 January 2012 at a current rent of £1000
per calendar month (i.e. £12000 per annum)
First 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 £500 per calendar month.
VAT:
We are not aware of any VAT liability
