Available
Property Type | Investment |
Availability | For Sale |
Size | 5483 sqft |
Energy Performance Rating | N/A |
Mixed Use Convenience Store Retail and Residential Investment. Overriding lease to a D&B 5A1 Covenant Let for 16.5 Years no Breaks
LOCATION
Plymouth is a major regional commercial centre and port having a population of some 245,000. In addition to its maritime links, the city is served by the A38/Devon Expressway providing direct access to Cornwall to the west and Exeter and the M5 Motorway to the east. The property is situated in a suburb of Plymouth to the west of the town centre on Marlborough Road a pedestrianised thoroughfare in an established local shopping parade. Occupiers close by include Iceland, Lloyds Pharmacy and a number of local traders, amongst others.
KEY POINTS
- Located in an established residential suburb 3 miles west of Plymouth town centre
- Situated in a pedestrianised street
- Whole property let for 16.5 years with no breaks to Martin McColl Ltd with a guarantee from McColl's Retail Group Plc
- Total current rents reserved £77,261 per annum rising to £85,303 per annum on 1st August 2026
- Freehold
- Let to a D&B 5A1 Covenant
- Fixed uplifts at 2% pa offering guaranteed rental growth
- Purchase at this level would reflect a Net Initial Yield 6.37%, with a reversionary yield of 7.01% in August 2026
- Offers in excess of £1,150,000
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier
020 7478 9112
CONTACT AGENT

Nick Sherling
020 7478 9113
CONTACT AGENT