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For Sale

Units P & Q Parkway Industrial Estate

Specifications

12,835 Sq Ft (1,192.37 Sq M)
£
OIEO £1,795,000
Units P & Q Parkway Industrial Estate, St Modwen Road, Plymouth, PL6 8LH
Current Brochure

Summary

Prominent multi-let trade counter investment in an established Plymouth commercial location
Two detached trade counter / showroom units extending to 12,835 sq ft (1,192 sq m)
Fully let to Cubico (UK) Ltd t/a Easy Bathrooms and Original Style Ltd.
Current passing rent of £133,301 per annum
WAULT of approximately 6 years to expiry
Rental reversion through outstanding October 2024 rent review on Unit Q
EPC ratings of B (42) and B (44)

Description

The property comprises two detached trade counter / showroom units arranged around a shared central yard and circulation area.

Unit P provides predominantly open plan showroom accommodation with a small storage area and ancillary kitchen and WC facilities. The unit benefits from a suspended ceiling and a roller shutter door to the front elevation, with glazed automatic pedestrian entrance doors positioned behind.

Unit Q provides open plan showroom accommodation with an adjoining storage area with roller shutter access. There is a second roller shutter door to the front elevation, with glazed automatic pedestrian entrance doors positioned behind. Ancillary accommodation includes kitchen and WC facilities, together with a first floor office area.

Location

Plymouth is one of the largest retail and commercial centres in the South West, serving a substantial catchment extending across Devon and East Cornwall. The city benefits from a wide range of national and regional retailers, with established retail parks and trade counter locations complementing the city centre offering.

The city has excellent road connections, with the A38 Devon Expressway providing access west into Cornwall and east to Exeter and the national motorway network at Junction 31 of the M5. Plymouth's mainline railway station provides regular direct services to London Paddington and other major UK cities.

The Marsh Mills area is an established retail and trade counter destination, benefitting from its proximity to the A38 and the surrounding road network. The area accommodates a mixture of national retailers, trade suppliers and showroom operators, including the nearby Marsh Mills Retail Park, making it a popular location for businesses serving both trade and retail customers. Marsh Mills Retail Park, making it a popular location for businesses serving both trade and retail customers.

Accommodation

The property provides the following approximate areas:

Unit P: 5,716 sq ft / 531.0 sqm
Unit Q: 7,119 sq ft / 661.4 sqm
Total: 12,835 sq ft / 1,192.4 sqm

Services

We understand that mains electricity, water and drainage are connected to the property. These services have not been tested by the agents. Interested parties should make their own enquiries.

EPC / MEES

Unit P: B (42)
Unit Q: B (44)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

The property is elected for VAT, however it is anticipated that the sale will be treated as a TOGC.

Agent Contacts