Property for lease
- Situated on the South side of Plymouth City Market fronting New George Street.
- Prominently located
- Class E (A1/A2/A3) and Sui Generis (A5) uses.
- Opposite major redevelopment of former Derrys Department Store - Plymouth Cross
- Flexible lease terms
- Tenant incentives available
- Consider sub-division
Location
The property is located in a good secondary trading pitch in a corner position fronting both New George Street and Market Avenue, Plymouth. Adjacent and nearby occupiers include Paddy Power, Burger King, McDonalds etc.
The premises all back on to the busy Plymouth pannier market.
The property is also located opposite a major new 300,000 sqft redevelopment known as Plymouth Cross providing a 110 bed Premier Inn, 500 bed high end student block and 65,000 sqft of retail/leisure space.
Description
The property is arranged over ground and first floors. The unit has a fully glazed frontage to both New George Street and Market Avenue with a rear servicing and entrance within the pannier market.
Accommodation
(All dimensions and areas are approximate):
- Gross Frontage to New George Street: 14.5 m (47 ft 9’’)
- Gross Frontage to Market Avenue: 11.75 m (38 ft 6’’)
- Internal Width (Max): 5.04 m (16 ft 6’’)
- Shop Depth (Max): 11.86 m (38 ft 10’’)
Plus ancillary
- Ground Floor Sales: 129.88 sqm (1,398 sqft)
- First Floor sales and ancillary: 113.34 sqm (1,220 sqft)
Sub-division
It may be possible to sub-divide the unit to create two smaller units.
Business rates
The current Rateable Value of the unit is £14,750, giving a full rate payable of £7,360.25 in the current year 23/24, although if eligible a 75% Small
We understand the property is included in the Rating
List as follows: Rateable Value: £53,000
Services
We understand that mains water, electricity, gas and drainage are either connected or available to the property.
Proposition
The property is available on a new lease for a flexible term of years and on the equivalent of full repairing and insuring terms subject to rent reviews at five yearly intervals.
Rent
A rental of £35,000 per annum exclusive is sought for the whole.
VAT
VAT will be chargeable on the rental and service charge for this property.
Energy performance certificate
The property has an Energy Performance Rating of D82.
Legal costs
Each party are to bear their own legal costs incurred in the transaction.
Other
Under the Money Laundering Regulations 2017, Monk & Partners will require any tenant to provide proof of identity along with any other associated documents prior to exchange of contracts.
Further information and viewings
Strictly by prior appointment through sole agents
Monk & Partners 4
The Crescent Plymouth
Devon
PL1 3AB
John H Slade, BSc MRICS
Tel: 01752 255222
Mobile: 07770 653516
E-mail: johns@monkandpartners.co.uk
Subject to contract
Monk and Partners support the aims and objectives of the code of practice on commercial leases in England and Wales which recommends that you seek professional advice before entering into a tenancy agreement. Plea