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Investment Highlights

  • Two storey office building
  • Constructed in 2006
  • Situated off the A386 Plymouth to Tavistock Road
  • The energy rating for this property is D (94)

Executive Summary

The premises comprise a two storey self contained office building constructed in 2006 within a terrace of four. Situated off the A386 Plymouth to Tavistock Road, Plymouth International Business Park is ideally located to the north of Plymouth City Centre with easy access to main road, rail and Continental ferry links. The business park provides a high-quality environment designed to attract the South West’s growth sectors of medical, technology and research and development.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 2
  • 1,789 SF
  • Office
  • $370,221 ($206.94/SF)
  • -
Sale Type Owner User
No. Parking Spaces 6
Tenure Freehold
Description
The premises comprise a two storey self contained office building constructed in 2006 within a terrace of four. The high quality, accommodation is mainly open plan with some demountable partitioning forming offices and a meeting room, with a tea point. The specification includes comfort cooling/heating, suspended ceilings with Cat II lighting, carpeted raised modular flooring for easy IT installation, ground floor accessible WC and first floor WC. Externally, are 6 dedicated parking spaces +1 disabled persons space.
Sale Notes
The property is available immediately with vacant possession under conventional tenant's FR&I leasehold terms, preferably for a term of 5 years or more at initial annual rent of £19,500pa + VAT. 

Alternatively, our client would consider sale of the freehold interest with vacant possession at an asking price of £275,000 + VAT. A modest estate charge is levied for upkeep of the external common parts
Unit Unit Size Condo Use Price NOI
Unit 2 1,789 SF Office $370,221 ($206.94/SF) -

Unit 2

Unit Size
1,789 SF
Condo Use
Office
Price
$370,221 ($206.94/SF)
NOI
-

Unit 2

Unit Size 1,789 SF
Condo Use Office
Price $370,221 ($206.94/SF)
NOI -
Sale Type Owner User
No. Parking Spaces 6
Tenure Freehold
Description
The premises comprise a two storey self contained office building constructed in 2006 within a terrace of four. The high quality, accommodation is mainly open plan with some demountable partitioning forming offices and a meeting room, with a tea point. The specification includes comfort cooling/heating, suspended ceilings with Cat II lighting, carpeted raised modular flooring for easy IT installation, ground floor accessible WC and first floor WC. Externally, are 6 dedicated parking spaces +1 disabled persons space.</li></ul>
Sale Notes
The property is available immediately with vacant possession under conventional tenant&#39;s FR&amp;I leasehold terms, preferably for a term of 5 years or more at initial annual rent of &#163;19,500pa + VAT.&#160;<br> <br> Alternatively, our client would consider sale of the freehold interest with vacant possession at an asking price of &#163;275,000 + VAT. A modest estate charge is levied for upkeep of the external common parts</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 9,171 SF
Property Type Office (Condo)
Building Class B
Floors 2
Typical Floor Size 4,586 SF
Year Built 2006
Lot Size 0.21 AC
Parking Ratio 0.76/1,000 SF
  • Listing ID: 32023531

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 12 William Prance Rd, Plymouth PL6 5WR

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