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59 Mutley Plain

2,961 SF 100% Leased Retail Building Plymouth PL4 6JH $308,013 ($104/SF) 6.12% Cap Rate

Investment Highlights

  • Prime roadside retail investment opportunity
  • Investment comes with a long term tenant
  • Potential redevelopment of site

Executive Summary

This substantial freehold investment property enjoys an enviable main road trading position in the very heart of Mutley Plain, one of Plymouth’s busiest secondary shopping thoroughfares. It has numerous retailers represented within it, including Tesco, Sainsbury, Costa, Wetherspoons, Kentucky Fried Chicken, Dominos etc. In addition, there are a varied selection of other retail concerns represented nearby, as well as numerous office premises and professional concerns such as estate agents, surveyors, mortgage brokers, solicitors etc. Mutley Plain itself is within half a mile of both the main city centre and Plymouth’s expanding university and campus. Mutley Plain generates a
consistent year round trade and enjoys both local residents and students custom, with the area serviced by a large public car park.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,961 SF
Building Class
B
Year Built
1922
Price
$308,013
Price Per SF
$104
Cap Rate
6.12%
NOI
$18,858
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories

Amenities

  • Bus Line
  • Signage
  • Storage Space

Nearby Major Retailers

ALDI
Sainsbury's
The Co-operative Food
Lloyds Bank
Starbucks
Pure Gym
Costa Coffee
ASDA
YO!
Nando's
  • Listing ID: 33482983

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 59 Mutley Plain, Plymouth PL4 6JH

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