RETAIL
66 MUTLEY PLAIN, PLYMOUTH PL4 6LF
LEASE ASSIGNMENT
GROUND FLOOR RETAIL UNIT WITH FIRST, SECOND & THIRD FLOOR ANCILLARY ACCOMMODATION NET INTERNAL AREA: 156.9 SQ.M (1,689 SQ.FT) PASSING RENT £19,250 PAX
Stratton Creber Commercial for themselves and for vendors or lessors of this 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, nor constitute part of, an offer 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 the correctness of each of them; iii) no person in the employment of Stratton Creber Commercial has any authority to make or give any representation or warranty whatever in relation to this property.
LOCATION & DESCRIPTION The City of Plymouth has developed into the principal conurbation within Devon having a population of in excess of 250,000 residents. It provides a comprehensive range of business and leisure amenity facilities, together with employment opportunities. Plymouth is located on the A38 Expressway, the main arterial route through the County of Devon and which leads west into Cornwall and east to Exeter, the M5, Bristol and beyond. The premises are located on Mutley Plain, Plymouth’s northern inner suburban retailing thoroughfare, approximately ½ mile from Plymouth City Centre and forms part of a focal point for the densely populated residential areas of Mutley, Mannamead and Lipson. Many national and local retailers are located on Mutley Plain including the likes of Boots, Somerfield, Ladbrokes, William Hill, KFC and all the major clearing banks and building societies. The accommodation comprises a ground floor retail unit with first, second and third floor office and storage accommodation, as well as basement. To the rear of the accommodation there is an additional single storey detached store and single garage. The property has the benefit of four car parking spaces. ACCOMMODATION (all areas and dimensions are approximate and are measured on a net internal basis unless otherwise stated) Ground Floor First Floor Second Floor Third Floor 56.70 sq m 47.19 sq m 29.64 sq m 23.41 sq m (610 sq ft) (508 sq ft) (319 sq ft) (252 sq ft) Basement External Store Garage 52.58 sq m 51.19 sq m 13.75 sq m (566 sq ft) (551 sq ft) (148 sq ft)
LEASE TERMS & RENT The premises are held by way of a 25 year full repairing and insuring lease from December 1990. The current rent passing is £19,250. The lease is subject to 5-yearly rent reviews. RATEABLE VALUE & RATES PAYABLE 2009/2010 We understand that the property is shown in the 2005 Rating List as having a rateable value of £ 17,750. We recommend that you make your own enquiries into the actual liability. Guidance can be obtained at www.mybusinessrates.gov.uk ENERGY PERFORMANCE CERTIFICATE (EPC) An EPC has been requested and further details are available on request from the Agents. 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. VIEWING AND FURTHER INFORMATION Strictly by prior appointment only via the SOLE AGENTS - Stratton Creber Commercial – Chris Ryland Tel: 01752 670700 / Fax: 01752 221655 / chrisryland@sccplymouth.co.uk www.strattoncrebercommercial.co.uk Stratton Creber Commercial supports the aims and objectives of The Code of Practice on Commercial Leases in England and Wales which recommends that you seek professional advice before entering into a tenancy agreement. Please refer to www.commercialleasecodeew.co.uk for further information. You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk. CRy/TN (6.3.09)