Auction Property Office 

Constantine Street, Plymouth

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Features

  • Available subject to auction terms and conditions
  • Self-contained office unit
  • Basement level
  • Prominent city centre location
  • Located within a five storey apartment block
  • Approximately 350 sq. ft – 400 sq. ft
  • Sold with vacant possession
  • Potential income of £600 pcm (£7,200 per annum)
  • Potential gross yield of 20.57%
  • Nearby on street parking available

Address

Unit 1, Charles Cross Centre, 22 Constantine StreetPlymouthDevonPL4 8DE
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Property Details

•Available subject to auction terms and conditions
•Guide Price: £35,000+
•Self-contained office unit – vacant
•Potential income: £7,200 per annum, 20.57% Gross Yield
•Leasehold – 125 years from 2005

•Available subject to auction terms and conditions
•Guide Price: £35,000+
•Self-contained office unit - vacant
•Potential income: £7,200 per annum, 20.57% 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 nearby on street parking available

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 vacant. We envisage the property will rent for £600 pcm (£7,200 per annum), reflecting a potential gross yield of 20.57%, based on the guide price.

Guide Price

£35,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT

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