PL5 11 Victoria Road, Plymouth

The properties comprise two ground floor retail shops with a self contained residential flat at first floor level.

Built in the early 1900s the property is of solid masonry construction under part pitched slated roof and part flat roof.

2a Pemros Road -

Shop: Let to Countrywide Estate Agents (trading as Fulfords) for a term of 10 years from 25th March 2013 and now holding over at a rent of £6,500 p.a.x.

11 Victoria Road -

Shop: Let to Hannah's (1988) LTD for a term of 5 years from 24th January 2014 and now holding over at a rental of £7,000 p.a.x. Negotiations have commenced for a new 10 year lease with 5 year tenant break option at a rent of £8,500.00 p.a.x. for years 1 and 2 rising to £9,000 p.a.x. for years 3 to 5 inclusive.

2b Pemros Road

First Floor Flat: Sold on a lease from 29th September 2000 for a term of 125 years with an annual ground rent of £50.

The properties are located in St Budeaux, the busy western suburb of Plymouth in a corner position on the junction of Pemros Road and Victoria Road, with good access to the A38 Devon Expressway 1 mile north.

Within the suburb there are a number of national and local retailers including Lidl and Co-Op supermarkets, Dominos, Consol, Pizza Hut, Well Pharmacy and other estate agents etc.

rental income £13,550pa