MIXED USE CONVENIENCE STORE, RETAIL AND RESIDENTIAL INVESTMENT

Available

Mixed Use Convenience Store Retail and Residential Investment. Overriding lease let for 16.5 Years with 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
• Just under 15 years unexpired
• Freehold
• Fixed uplifts at 2% pa offering guaranteed rental growth
• Purchase at this level would reflect a Net Initial Yield 6.24%, with a reversionary yield of 6.88% in August 2026
• Offers in excess of £1,170,000