£595,000

Retail premises for sale

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£595,000

(£132.34/sq. ft)

Retail premises for sale

Units 1 And 2, 54 Ridgeway, Plympton, Plymouth, Devon PL7

4,496 sq. ft

Local area information

Property location

Nearby amenities

  • Plympton Academy 0.1 miles
  • Old Priory Junior Academy 0.2 miles
  • Plymouth Mount Batten Ferry Landing 3.9 miles
  • Plymouth (Barbican) Landing Stage 3.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Investment For Sale. Substantial ground floor retail units with spacious first floor ancillary space.
  • Prominent location on The Ridgeway. National operators Clegg Gifford Insurance Ltd & Superdrug are the occupiers.
  • Combined annual income £51,000.
  • Asking price: £595,0000 reflecting 8.5% net yield.
The units are well located substantial retail units enjoying a prominent high street location on The Ridgeway. Both units have high standard fit-outs with rear access yard for servicing. Currently occupied by national operators, Clegg Gifford Insurance Brokers and Superdrug, each on full repairing lease terms for a period of 5 years commencing on 25th December 2022 for Superdrug and 27th May 2023 for Clegg Gifford Insurance Brokers. Leases have a tenant only break clause at year 3.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Stratton Creber Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Stratton Creber Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Plymouth
  4. Plympton
  5. Ridgeway

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