The property comprises of a detached industrial unit with a yard to the rear. The rear part of the building is an open warehouse space with a north light roof and a roller shutter that opens onto the yard. There is a toilet block and staff kitchen in the warehouse. To the front of the property there is another smaller warehouse area with a mezzanine, that can be accessed via a roller shutter from the front of the property, and then another roller shutter that leads in to the main warehouse space. Along the front of the property there are also two storeys of office / storage space, as well as another roller shutter. In addition to a fourth roller shutter on the side of the property.
The property occupies a corner position on Cattedown Road between Alvington Street and Tresillian Street. There is easy access to Gdynia Way and in turn the A38.
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a gross internal basis.
Ground floor - 1,477 sq m (15,898 sq ft)
First floor - 92.9 sq m (1,000 sq ft)
Second floor - 121 sq m (1,302 sq ft)
Total - 1,569.8 sq m (16,898 sq ft)
Minimum eaves height - 5.29m
Maximum eaves height - 8.16m
Rent / Price
55,000 per annum exclusive
The premises are available by way of a new full repairing and insuring lease. Alternatively the long leasehold can be purchased. The lease is for a period of 99 years, commencing on 21st February 1953 and therefore expiring on 20th February 2052. The ground rent is 120 pa. Offers will be considered for the long leasehold interest.
From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is 49,750. Therefore making the approximate Rates Payable 24,825 per annum for 2021/22. Interested parties are advised to confirm the rating liability with Plymouth City Council.
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
Each party to be responsible for their own legal fees in relation to this transaction.
All figures quoted are exclusive of VAT if applicable.