Auction Property Office 

Constantine Street, Plymouth

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Features

  • Auction Date: 25th & 26th September 2019
  • Self-contained office unit
  • Basement level
  • Prominent city centre location
  • Located within a five storey apartment block
  • Approximately 350 sq. ft – 400 sq. ft
  • Currently let at £550 pcm (£6,600 per annum)
  • Current gross yield of 14.67%
  • Parking available
  • Leasehold

Address

Unit 2, Charles Cross Centre, 22 Constantine StreetPlymouthDevonPL4 8DE
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Property Details

•For Sale By Online Auction: 25th & 26th September 2019
•Guide Price: £45,000+
•Self-contained office unit – vacant
•Potential income: £7,200 per annum, 16% Gross Yield
•Leasehold – 125 years from 2005

•For Sale By Online Auction: 25th & 26th September 2019
•Guide Price: £45,000+
•Self-contained office unit
•Tenanted: £6,600 per annum, 14.67% Gross Yield
•Leasehold – 125 years from 2005

The office unit is located within a five-storey residential apartment block in Plymouth city centre, providing easy access to all amenities and transport links. Nearby occupiers include Sainsbury’s Local, Tesco Express and Drake Circus shopping centre.

The property is located at basement level, providing a fully self-contained office unit with kitchen and toilet facilities. There is also parking available within the complex and nearby on street parking.

Accommodation

Total = Approx. 350 sq. ft – 400 sq. ft

Services

We understand the property to have mains electricity, water and drainage. However, interested parties are advised to make their own enquiries.

Tenure

Leasehold – 125 years from 2005

Investment Analysis

We understand the property is currently let on a rolling monthly contract at £550 pcm (£6,600 per annum), reflecting a gross yield of 14.67%, based on the guide price.

Guide Price

£45,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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