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Thistle Park Tavern 32 Commercial Rd 8,020 SF 100% Leased Retail Building Plymouth PL4 0LE $600,300 ($74.85/SF)

Investment Highlights
- Renowned coastal free house, prime trading location close to Plymouth city centre
- Three charming bar areas
- Adjacent to National Marine Aquarium and major entertainment venue
Executive Summary
The Thistle Park Tavern occupies a prime trading position just on the eastern fringes of the city centre of Plymouth. It enjoys a prominent main road trading position some 300m from the National Marine Aquarium in this increasingly popular and expanding residential and commercial area of the city. Plymouth’s “Vue” entertainment centre is located immediately adjacent to the pub and, as a result of its location and reputation, the business enjoys an excellent and profitable year round trade.
Plymouth, with a population of over 264,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises are end-of-terrace and appear to be of stone construction with attractive rendered and painted elevations under a pitched slate roof with some modern flat roof areas. Under the present ownership, the property has been subject to an extensive refurbishment and renovation program over the years to provide three charming bar areas to the ground floor, a self-contained restaurant with roof patio and commercial kitchen to the first floor, together with spacious and versatile 3-4 bedroom accommodation on the first and second floors. An early viewing appointment is strongly recommended to fully appreciate the size, location and undoubted future trading potential offered by this renowned and highly popular free house.
Plymouth, with a population of over 264,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises are end-of-terrace and appear to be of stone construction with attractive rendered and painted elevations under a pitched slate roof with some modern flat roof areas. Under the present ownership, the property has been subject to an extensive refurbishment and renovation program over the years to provide three charming bar areas to the ground floor, a self-contained restaurant with roof patio and commercial kitchen to the first floor, together with spacious and versatile 3-4 bedroom accommodation on the first and second floors. An early viewing appointment is strongly recommended to fully appreciate the size, location and undoubted future trading potential offered by this renowned and highly popular free house.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
8,020 SF
Building Class
B
Year Built
1970
Price
$600,300
Price Per SF
$74.85
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.63
Lot Size
0.07 AC
Frontage
66’ on Commercial Road
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Nearby Major Retailers
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Thistle Park Tavern | 32 Commercial Rd
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