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Floorplan
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    Key features

    • A substantial ground floor retail/leisure unit with large floorplate
    • Formerly used as a gym
    • Two access points
    • Prominent city location
    • Asset management potential to re-let the unit
    • Suitable for a variety of uses subject to the requisite consents
    • Guide price reflects a low capital value (£12.21 per sq ft)
    • GIA approx. 8,189 sq ft (761 sq m)
    • Vacant possession

    Description

    A substantial ground floor retail/leisure unit formerly used as a gym.

    GIA approx. 8,189 sq ft (761 sq m).

    Vacant.

    VAT is applicable to this sale.

    Additional information

    Tenure

    The lease for the ground floor unit will be granted for a term commencing on completion of the sale and expiring just prior to the expiry of the headlease term, so that it is held for the remainder of the headlease period (155 years from 01/09/2005).

    Accommodation

    Please refer to floorplan.

    Tenancy

    Vacant

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 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 at 62 Exeter Street, Plymouth, in a prominent city centre position close to Sutton Harbour, Drakes Circus Shopping Centre and Plymouth's principal retail and commercial areas. Exeter Street forms one of the main arterial routes into the city centre, with the surrounding area comprising a mix of retail, leisure, office, educational and residential uses. Plymouth University and Arts University Plymouth are both within walking distance.

      Transport

      The site benefits from excellent transport links. It is situated close to Plymouth city centre and approximately 2 miles from the A38, which provides connections to Exeter, the M5 motorway and Cornwall via the Tamar Bridge. Plymouth Railway Station offers services on the main line between Penzance and London Paddington, while the city also benefits from a cross-channel ferry terminal and extensive local bus services.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •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.

      Addendums