Important Notice - Coronavirus (COVID-19)
  • For Sale By Unconditional Online Auction
  • Guide Price* : £375,000
  • Bidding Opens 22/08/2022 13:00

28 - 32 Mannamead Road, Plymouth, Devon, PL4 7AA

FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 22ND AUGUST AT 1PM AND CLOSES TUESDAY 23RD AUGUST FROM 1PM. REGISTER TO BID!

Description

*Guide Price £375,000 (plus fees). National Online Auction. Bidding Commencing 22/08/2022 at 13.00, Closing 23/08/2022 at 13.00. A substantial freehold investment opportunity occupying a highly visible main road trading position close to Plymouth city centre and comprising of two commercial units, two residential flats and separate storage rooms.

A Mixed-Use Investment Opportunity

This substantial freehold investment opportunity occupies a highly visible main road trading position close to Plymouth city centre and within a popular commercial & residential area. The period property which is currently generating a total income of £35,274pa comprises of two self contained office suites, a one bedroom first floor flat, two bedroom first floor flat (both let on AST agreements) and two large self-contained lower ground floor adjoining units with a total area approx. 115sqm (Could be converted into 1 unit if required). These were previously let for a number of years as an archive store (for approximately £5000pa) however, are now vacant.

AUCTIONEERS NOTE 2 College Avenue is let on AST agreement for £5,724 per annum
30 Mannamead Road is let on AST agreement for £4,800 per annum
32 Mannamead Road is let for £13,000 per annum
28 Mannamead Road is let for £11,750 per annum

Both residential flats have the potential for rent increase as well as the possibility of letting the storage units for additional income. Previously the storage units were let for approx £5000 per annum however, are now vacant.

All agreements can be found within the legal pack which is available to download free of charge

30 Mannamead Road
Living Room 4.29m x 4.33m
Kitchen 2.36m x 3.10m
Bathroom 3.51m x 1.33m
Bedroom 4.32m x 4.24m
Bedroom 2.50m x 1.74m
2 College Avenue
Living Room 4.01m x 4.85m
Kitchen 4.48m x 2.95m
Bathroom 1.97m 2.08m
Bedroom 3.72m x 3.77m
VIEWINGS Regular viewing sessions will be provided in the lead up to the auction. T: 01752 474200 to request a viewing
JOINT AUCTIONEERS Shobroooks & Co
NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction
FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale

Tenure: Freehold

EPC Rating: 2 College Avenue E40, 30 Mannamead Road D56, 28 Mannamead Road C59, 32 Mannamead Road C51

Lot Type

Commercial Investments

EPC Rating

2 College Avenue E40, 30 Mannamead Road D56, 28 Mannamead Road C59, 32 Mannamead Road C51

Administration Charge

£1000 + VAT (£1200 inc VAT)

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* Guide | £375,000
  • Unconditional (Immediate Exchange)

Call the team on 01752 474200 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.