Key Features

• Mixed use retail and residential investment
• 3 Residential flats, retail unit, self-contained basement store, lower ground floor store with potential for further accommodation
• Currently producing an annual rental of £32,139.20 with scope to increase.
• Offers invited in excess of £285,000 reflecting a gross yield of 11.68%

Description

The property enjoys a prominent position on the south side of Embankment Road (A374), situated between Elliot Road to the east and Tintern Avenue to the west. A cobbled rear access lane connects the property to Tintern Avenue, offering additional convenience.
Embankment Road, together with Gdynia Way, forms one of the main arterial routes into Plymouth from the east, linking with Exeter Street and the Cattedown Roundabout just a quarter of a mile to the west. The property is part of a mixed-use parade comprising primarily tertiary retail units at ground level, with residential accommodation (including flats and bedsits) above.
This attractive end-terrace period property is arranged over four storeys, with a three-storey rear tenement. The versatile accommodation includes: A ground floor lock-up retail unit currently operating as a clothing alterations and bridalwear shop
Two lower ground floor storage units
A spacious two-bedroom maisonette located within the rear tenement
Two one-bedroom flats occupying the first and second floors
Notably, the first-floor flat has recently undergone a full refurbishment, presenting in excellent condition.