retail property advisors

Plymouth

Plymouth investment
Available
Asking price
£600,000
Net initial yield
10.00%
Passing rent pa
£63,000

Well Let High Yielding Retail Investment

20 New Geroge Street

  • Well let retail investment
  • Substantial internal and external refurbishment
  • Located in a high footfall position within Plymouth city centre
  • 85% let to the British Red Cross until 2034
  • Recent open market lettings on both units
  • Immediate vicinity to benefit from multi-million pound public realm investment
  • Net income £63,000 pax
  • Seeking offers of £600,0000 reflecting a net initial yield of 10% after allowing for standard purchaser’s costs
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