20 September 2023: Wednesday 20 September 2023 - 9:00am
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    Key features

    • Prominent Mixed Use Property
    • Same Ownership for 30+ Years
    • Double Retail/Office Unit at Ground Floor
    • Six Bedroom Maisonette With Four Reception Rooms to the Upper Parts
    • 4,454 sq ft (413.8 sq m)
    • Vacant Possession
    • Development/Conversion Potential (subject to obtaining the requisite consents)
    • The vendor has suggested a potential ERV of £68,360 p.a

    Description

    The property comprises a prominent, victorian built, High Street opportunity offered with full vacant possession. The property is currently arranged as a single Retail/Office unit to the ground floor with a six bedroom maisonette to the upper parts arranged across first, second and third floors.

    The ground floor is a double unit, each with its own entrance, and therefore could easily be split to provide two retail units. The unit was previously used as an accountancy office and features a sales/meeting area and reception to the front with offices, storage rooms and staff facilities to the rear. The offices are fitted to a good specification with hot/cold air conditioning.

    The upper parts have also been joined to provide a single residential unit, offering six bedrooms, two kitchens, two utility rooms, lounge, snug, cinema room and a library. The property also features a large terrace to the rear at first floor level with stairs leading to the rear access which includes secure, on site, parking for two vehicles.

    Additional information

    Tenure

    Freehold

    Planning

    Whilst there are no current consents, there is evident opportunity to split the existing ground floor unit to provide two units, as well as opportunity to split the upper parts to provide either 2x three bedroom maisonettes or five flats of various sizes.

    Our comments on planning potential are subject to obtaining the requisite consents.

    Notes

    Please note the site areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in Stoke Village, to the north west of central Plymouth. Situated on Devonport Road, the principal retail amenity for the area, the property offers a high profile retail frontage on a street with low vacancy.

      Transport

      Devonport Station - 0.3 miles

      Plymouth City Centre - 1.3 miles

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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