Industrial for sale in 29 Belair Road, Peverell, Plymouth, Devon PL2

For sale by auction on Tuesday, 09 Jul 2024 at 14:00

Venue: Live Stream

A Freehold Building Comprising Of Three Commercial Units

Situated within the desirable residential area of Peverell, close to local amenities, good schooling and regular transport links into Plymouth city centre. This freehold commercial investment comprises of three self-contained units, one of which is let and the other two are vacant. The vacant units have recently undergone cosmetic works and are ready to let. The middle unit briefly comprises of a large shop/office front with a kitchen area and WC to the rear. The end unit comprises of two shop/office spaces (interlinked with own access) as well as a shared kitchen area and WC to the rear. The third unit has been let since 2013 to a dog groomers.

To the rear of the building there is a store/workshop which has been previously let separately as well as off road parking for approximately one car.

Auctioneers note
Please note, we are selling the freehold title for the building (DN62217) and the first floor flat (DN475784) is not included within the sale.

The tenanted unit has been let to 'Hair N Hound' since 2013 on a commercial lease and is generating a gross income of £510pcm (£6,120PA gross). A new 3 year lease has been approved and will commence on the 15th June under the same terms. Further details can be found within the legal pack which is available to download via our website free of charge.

The store/workshop at the rear has previously been let for £200 per month (£2,400PA).

Viewings
Weekly block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West T: To book a viewing slot.

Notice to bidder
Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Full details
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

EPC Rating: B45 (29b), D86 (29c)

Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.