Boston Tea Party, 82-84 Vauxhall Street, Sutton Harbour, Plymouth, United Kingdom, PL4 0EX
- SIZE
Ask agent
- SECTOR
Restaurant for sale
Key features
- Leisure investment
- 15 year lease, rent £45,000 per annum
- Guide Price Reflects 8.2% Gross Yield
- Significant fit-out in 2015
- Recently refurbished
- Energy rating: B
- Christie & Co Ref: 3867957
Description
The property is a semi-detached Grade II Listed former mill building arranged over three floors. Internally the tenant fitted out the ground floor to provide customer seating with commercial kitchen, main entrance foyer for buggy parking. There is full height glazed doors to the external seating area.
The first floor provides additional seating and WC facilities with staff areas to the second floor. Part of the second floor is void. An enclosed area of outdoor seating lies to the side of the property.
The property was significantly refurbished by the Landlord and Tenant as part of the letting. The property is now considered to be in a reasonable state of repair.
The property occupies a prominent position on Vauxhall Street on the western side of Sutton Harbour in Plymouth. The property is accessed via Vauxhall Street and to the side of the property is a small public car park known as Exchange Street Car Park.
Plymouth is located on the southern coast of Devon, boasts a rich maritime heritage and is well-connected by roadways such as the A38 (Devon Expressway) and A386.
Ground floor:
214.55 sqm.
2,309 sqft.
First floor:
214.60 sqm
2.309 sqft
Terrace:
216.98 sqm.
2,336 sqft.
Gross internal area (GIA):
646.16 sqm.
6,954 sqft.
The property is opted for tax. We therefore advise that any perspective purchaser consults with an accountant prior to purchase.
Development PotentialThe property is not located in a Conservation Area but is Listed, Grade II. We are not aware of any recent planning applications in relation to the property.
TenureThe property is let to Boston Tea Party Group Limited on a full repairing and insuring terms from 26 April 2015 for a term of 15 years.
The commencing rent of £45,000 per annum was subject to a 24-month rent free period. The rent reviews are upward only, every five years and considering the ‘Shell Works’ but disregard the ‘Tenant’s Fit-Out Works’.
The Tenant shall not be responsible for any issues relating to dry rot, wet rot, or beetle infestation.
Rateable value effective from 1 April 2023 is £74,500. The tenant is responsible for any rates payable.
Energy Performance Certificates
EPC 1Brochures
Boston Tea Party, 82-84 Vauxhall Street, Sutton Harbour, Plymouth, United Kingdom, PL4 0EX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Plymouth Station0.7 miles
- Devonport Station1.7 miles
- Dockyard Station2.0 miles
Notes
Disclaimer - Property reference 3867957-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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