Investment For Sale, Derriford

Plymouth is one of the largest cities on the south coast, with a population of approximately 262,000 and an overall workday population of 260,913.

The property is situated within Plymouth International Medical and Technology Park which was developed in the early 2000s to provide modern business accommodation with a bias towards medical and technology uses. The business park is approximately 4 miles north of Plymouth city centre, just to the south of the Derriford Hospital campus. The A38 dual carriageway is around 1.8 miles / minutes away by road.

Modern Industrial Premises

Let To Established Tenant Since 2004

Fri Lease, Term Certain Until 2034

Offers In Excess Of £680,000

Passing Rent: £54,522 P.a.

Plymouth Is One Of The Largest Cities On The South Coast, With A Population Of Approximately 262,000 And An Overall Workday Population Of 260,913.

The Property Is Situated Within Plymouth International Medical And Technology Park Which Was Developed In The Early 2000s To Provide Modern Business Accommodation With A Bias Towards Medical And Technology Uses. The Business Park Is Approximately 4 Miles North Of Plymouth City Centre, Just To The South Of The Derriford Hospital Campus. The A38 Dual Carriageway Is Around 1.8 Miles / Minutes Away By Road.

A Semi-detached Warehouse/business Unit Constructed In 2003. Steel Portal Frame, Insulated Sheet Metal Cladding To Walls And Roof (with Further Section Of Rendered Blockwork Walls). Dedicated Parking For 10 Vehicles To Front, Plus Large Shared Concrete-surfaced Secure Yard To The Rear.

Internally The Property Provides Mainly Open Plan Warehouse Accommodation Which Incorporates Offices, Staff Kitchen And Wcs, All Fitted Out To A Good Specification.

By Way Of A Licence To Alter Dating From 2008, The Tenant Has Carried Out Extensive Internal Alterations Including Modification And Extension Of The Offices And Installation Of A Storage Mezzanine In The Warehouse.

Accommodation
Estimated Gross Internal Areas As Follows:

Ground Floor Warehouse: 5,898 Sq Ft (547.88 Sqm)
Ground Floor Offices Etc: 919 Sq Ft (85.35 Sq M)
First Floor Offices Etc: 919 Sq Ft (85.35 Sqm)
Total: 7,736 Sq Ft (718.58 Sqm)

Tenure
Held By Way Of A Single Freehold Title, Land Registry Reference Dn457869 Details On Request.

Proposal
The Freehold Interest Is Offered By Way Of A Sale At A Price Of £680,000.

Vat Is Chargeable To The Purchase Price.

Each Party To Bear Their Own Legal Costs In The Transaction.

B (34), Expires 8th June 2035