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Retail/Shop

Retail/Shop For Sale Plymouth

PROPERTY ID: 95840

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

198,087 sq.ft

Key Features

City Centre Department Store and four additional self contained retail units facing onto New George Street
Opportunity to reconfigure a landmark building in the heart of Plymouth City Centre, subject to consents
The property comprises a department store measuring approximately 183,689 sq ft over ground and five upper floors and an additional four retail units providing 14,398 sq ft, totalling 198,087 sq ft
Occupying a prime retail location, moments away from Drake Circus Shopping Centre
Benefitting from outstanding views on the higher floors and excellent triple frontage onto New George Street, Armada Way and Royal Parade
Site area of 0.97 acres (0.39 ha)
Leasehold - 93 years unexpired with possible lease extension
WIthin close proximity to Plymouth Railway Station

Property Details

Plymouth is the largest port City on the south coast of England with a current population of 262,000 (ONS2013). In addition to a large commercial and ferry port, Plymouth hosts the largest military naval base in Western Europe, stationing over 2,500 armed forces personnel and significant manufacturing and engineering supporting sectors. The City has recently been named as one of eight Freeports within the UK, which will operate as a Freezone across three different sites. The City is situated approximately 45 miles south west of Exeter, 121 miles south west of Bristol and 216 miles south west of London. Plymouth City Centre is located 2.8 miles to the south of the A38 Devon Expressway connecting to the M5 at Exeter which leads to Bristol and the wider motorway network. Cornwall can be accessed from the A38 or A30 to the north of Dartmoor which connects Exeter to Cornwall. Plymouth is situated on the South Devon Main Line, a major route from London Paddington to Penzance, via the Great Western Main Line. Plymouth Railway Station is on the northern edge of the city centre, approximately a 15 minute walk from the property. The station is the second busiest interchange in Devon providing a wide range of regular regional and Inter-City services operated by Great Western Rail (GWR) and Cross Country. The former offices at the station have recently undergone an extensive £33m refurbishment programme and are now called Intercity Place. The University of Plymouth have taken occupation and the building is now used for the training of healthcare professionals. This is the first milestone in the Brunel Plaza development.

The Property Comprises A Department Store Of Approximately 183,689 Sq Ft Of Retail Accommodation Arranged Over Ground And Five Upper Floors And Four Additional Smaller Retail Units Facing Onto New George Street. The Additional Four Retail Units Are Located To The North, East Of The Store, Fronting New George Street Arranged Over Ground And Two Upper Floors, Providing Approximately 14,398 Sq Ft. These Retail Units Historically Formed Part Of The Department Store, But Are Now Self-contained. The Property Is Situated On A Corner Site Bound By Royal Parade To The South, Armada Way To The West And New George Street To The North. The House Of Fraser Benefits From Well-configured Rectangular Floorplates Offering Good Levels Of Natural Light Owing To The Large Number Of Windows On All Four Elevations Of The Property. The Building Benefits From The Use Of A Rear Courtyard Which Can Be Accessed Via New George Street And A Goods Entrance With A Roller Shutter Door. The Rear Loading Yard Is Adopted By The Council And Does Not Form Part Of The Sale

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About the Agent

Vickery Holman

See Agent's Other Properties

Retail Unit

£3,000,000 Freehold

House Of Fraser,40-46 Royal Parade And 33-37 New George Street, Plymouth, PL1 1DY
Retail/Shop - Available
198,087 sq ft
18,403 sqm
Show phone number

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