Key Features

• Ground Floor long leasehold retail investment comprising of two shops.
• Popular Barbican location
• Currently producing a combined rent of £14,500 pax
• Offers in the region of £140,000 reflecting a 9.8% net initial yield.

Description

21 & 22 The Parade falls within The Barbican Conservation Area forming the historic centre of Plymouth next to Sutton Harbour. Within easy walking distance of Plymouth Hoe, the City Centre shopping area and Plymouth University. The building overlooks an open paved / cobbled area known as "The Parade" with views over Sutton Harbour. The Barbican has become the focus for Plymouth's restaurants, art galleries, specialist shops etc. and is accepted as one of the city's most exciting and cosmopolitan areas. This unrivalled location has resulted in the conversion of many similar buildings into ground floor commercial and restaurant uses with residential above.

The premises comprise two self contained ground floor retail units which front The Parade. Both units have their own kitchen and WC facilities within the demise.