Specifications
Summary
Description
The property provides two storeys of accommodation, currently used for retail on the ground floor with basement storage, but would suit various leisure or restaurant uses.
The unit sits directly opposite Primark and Drake Circus shopping centre in the city centre with a designated underground car park. It is adjacent to The Barcode, British Land's £48m leisure extension to Drake Circus, which houses a 12 screen Cineworld/IMAX complex, Mulligans mini golf, Las Iguana's, Cosy Club, Nandos and Five Guys.
Location
Plymouth is located on the A38 dual carriageway, which connects with the M5 at Exeter and is the main route to the south west. The available units are situated prominently on the busy Charles Cross roundabout in the city centre.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Ground - 4,881 sq ft (453.5 sq m)
Basement - 2,616 sq ft (243 sq m)
Total - 7,497 sq ft (696.5 sq m)
Service Charge
A service charge is levied for the upkeep and maintenance of the communal areas. Please enquire for further information.
Business Rates
From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value for Unit 2 is 46,250 effective from the 1st April 2017 therefore making the approximate rates payable £17,667.50 per annum for 2026/27.
Interested parties are advised to confirm the rating liability with Plymouth City Council.
Services
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.
EPC / MEES
C (59)
Legal Fees
Each party to be responsible for their own legal costs.
VAT
We understand the property has been elected for VAT and will therefore be chargeable on all outgoings.