12 Stonehouse Street, Stonehouse, Plymouth, PL1 3PE
strattoncrebercommercial.co.uk
For Sale
12 Stonehouse Street, Stonehouse, Plymouth, PL1 3PE Light industrial unit Total Floor Area: 380 sq m (4,090 sq ft)
Viewing by prior appointment with Chris Ryland or Byron Hammond
Asking price £200,000
(01752) 670700
[email protected] [email protected] strattoncrebercommercial.co.uk
12 Stonehouse Street, Stonehouse, Plymouth, PL1 3PE
strattoncrebercommercial.co.uk
Location & Description Plymouth is the largest city on the south coast of England and in Devon and Cornwall, with a population in excess of 250,000 residents, which is expected to grow in future years. It provides a comprehensive range of business, leisure and amenity facilities and is situated on the A38 Expressway, the main arterial route through the county of Devon to the south of Dartmoor and is one of the principal routes into Cornwall. The A38 connects to the national motorway network at Exeter approximately 40 miles to the north-east of Plymouth. Plymouth also has the benefit of a railway station on the Penzance to Paddington main line, and continental ferry connections to Northern France and Spain. The premises are centrally located in the city, lying to the west of the City Centre in the popular commercial area of Stonehouse and immediately adjacent to the regeneration area of Millbay. The property occupies a prominent position fronting Stonehouse Street. The property comprises an elongated office space to the front of the building, connecting to two large workshops at the rear. Outside the main building there is a spacious yard with 8 smaller workshops beyond this.
Energy Performance Certificate (EPC) The property has been rated E (109)
VAT All figures within these terms are exclusive of VAT at the prevailing rate where applicable.
Legal Costs Each party to bear their own legal costs incurred in the transaction. The landlord supports the code for leasing business premises in England and Wales 2007. Ref: 9047
Accommodation Main Building Rear Stores Total Yard Area Site Area
Prospective occupiers should make their own enquiries to verify the exact amount of rates payable according to the circumstances of their business. The estimated rates payable is based on the assumption that the property is a single occupied building and the occupier has no other business premises.
259.78 sq m 110.23 sq m 370.01 sq m 202.82 sq m 572.83 sq m
2,796 sq ft 1,294 sq ft 4,090 sq ft 2,183 sq ft 6,273 sq ft
Tenure The premises are available by way of a sale of the 99 year long leasehold interest, dating from the 25th of March 1961. We have made enquires to the freeholder who have said they are willing to renew this lease on the basis of a new 125 year term. The ground rent will be calculated on the basis of 10% of the rent receivable.
Proposal Our clients are seeking offers in the region of £200,000 for the long leasehold interest.
Rateable Value We understand that the property is shown in the 2017 Rating List has having a rateable value of £16,000. This makes the rates payable £7,456 from the 1st April 2017.
Plymouth Office Farrer Court, 75 North Hill, Plymouth PL4 8HB Tel: 01752 670700 Fax: 01752 221655
Stratton Creber Commercial for themselves and for the Vendors or Lessors of the property whose Agents they are, give notice that: i. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract; ii. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to each of them; iii. No person in the employment of Stratton Creber Commercial has any authority to make or give any representation of warranty in relation to this property.