Detached house for sale

Plymstock Plymstock is situated some three miles south east of Plymouth on the bank of the river Plym. Located in the outstandingly beautiful South Hams, Plymstock is made up of several smaller hamlets, these being Turnchapel, Staddiscombe, Pomphlett, Oreston, Mountbatten, Hooe, Goosewell, Elburton and Billacombe. Due to its close proximity to Plymouth and its associated employment and leisure opportunities, the area developed steadily after the Second World War and became a popular commuter suburb for this large university city. Today Plymstock manages to combine the advantages of easy access for work with all the lifestyle benefits that the South Hams can offer.

The pedestrianised Broadway shopping centre, constructed in 1960, provides plenty of local amenities such as banks, shops and supermarkets. The community is well served too by its churches, including the 700 year old Parish Church of St Mary and All Saints, and St Margaret Mary Catholic Church. Excellent local schools, including Coombe Dean in Elburton and Plymstock School, designated a Specialist Sports College, provide wide ranging educational facilities for the large population of young families. Both schools are recognised as “outstanding” in recent Ofsted reports. Local leisure facilities include the bowling club established in 1936, an active cricket club, golf club and Plymstock’s own football club, Plymstock United fc.
 

Accommodation The accommodation consists of a ground floor area currently let as a restaurant, a lower ground floor 2-bedroom apartment and a first floor 2-bedroom apartment. 

The Investment The restaurant is let to a Mr Xing Xu for a term of 15 years from 21st September 2009 at a rent of £14, 300 per annum with 3-yearly rent reviews. Both apartments are let to the same tenant but on an Assured, Short-hold Residential Agreement. 

Rent Total current income £28, 440 per annum exclusive of general outgoings.
Restaurant £16, 440 per annum
Residential £12, 000 per annum 

Planning We understand the ground floor of the building has consent for A3 restaurant use.

Interested parties are advised to make their own enquiries to the the local Planning Authority which in this case is Plymouth City Council. Tel:  

Rates The Rateable Value for the restaurant effective from April 2010 is £11, 250.

Interested parties should verify rates payable with the local authority on . 

Vat All prices quoted are exclusive of vat and if applicable will be charged at the prevailing rate. 

Legal Costs Both parties to pay their own legal expenses in the transaction. 

Price Offers are invited in the region of £325, 000 for the freehold, subject to the tenancy as listed. 

Viewing & Further Information Please contact:
Julian Marks Estate Agents Ltd
2a The Broadway
Plymstock
Plymouth
PL9 7AW

Tel:
Email: