Unit 1 Charles Cross

The property compromises of a mainly open plan space with toilet and kitchen facilities located along the right hand side of the space. The property has most recently been used as a job centre but prior to that it was a retail unit. Consequently a major refurbishment was undertaken in 2020 to facilitate this use. If an occupier would prefer a standard retail unit with increased ceiling heights, then the fit out can be removed.

Plymouth has a primary catchment population of 471,000 people which ranks the city 20th in the UK. There are an estimated 5.1 million domestic and foreign visitors to the Ocean City substantially boosting spend.

Plymouth has a student population of approximately 30,000 which is spread over the 3 Universities in the city. Development of The Barcode, which is adjacent to the property, has established leisure in the city centre and is performing extremely well.

The unit sits directly opposite Primark and Drake Circus, which is the main shopping centre in the city. There is a multi storey car park below the building, which makes parking nearby easy, as well as various other city centre car parks.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a gross internal basis.

Total - 1,821 sq m (19,600 sq ft)

A service charge is levied for the upkeep and maintenance of the communal and external areas. Please enquire for further information.

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £124,000 therefore making the approximate rates payable £63,488 per annum for 2023/24.

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.

B (31)

Each party to be responsible for their own legal costs.

The property has been elected for VAT and therefore VAT will be charged on the rent.