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For Sale by Auction on 29th January 2026, Leasehold Retail Investment, 64 New George Street, Plymouth, PL1 1RR

2,365 Sq Ft / Retail / Investment

For Sale - £450,000.00

Available - Last updated: 08 January 2026

For Sale by Auction on 29th January 2026

A mid-terraced three storey building of traditional construction arranged as a ground floor retail unit with ancillary storage totalling approximately 220 sq m (2,365 sq ft) and office accommodation on the first and second floors (sublet on a long lease - refer to legal pack).

Location

Plymouth is the largest city in the south west of England and lies approximately 44 miles south west of Exeter, 56 miles east of Truro and 112 miles south west of Bristol. It can be accessed via the A38 dual carriageway, which runs to the north of the city and which in turn links with the M5 motorway to the east at junction 31. Plymouth railway station provides regional rail links as well as regular direct services to Bristol, Birmingham, Edinburgh and London Paddington. Additonally numerous bus routes serve the area and Exeter Airport lies approximately 48 miles to the north east.

New George Street is one one the principal retailing thoroughfares in the city centre with the property being prominently situated on the north side of the road. The Drake Circus Shopping Centre is close by and notable nearby occupiers include British Heart Foundation, Poundland, Costa Coffee, Greggs, Superdrug, Boots and Nationwide Building Society. 

Accommodation

Ground Floor - Retail / Ancillary - 220 sq m (2,365 sq ft)

First Floor - Office / Ancillary - 79 sq m (853 sq ft)

Second Floor - Office / Ancillary - 21 sq m (226 sq ft) 

Terms

Tenure - Leasehold for a term of 125 years from July 2014 at a ground rent equivalent to 10% of the passing rent (currently £11,950 per annum). We understand that there is no ground rent payable if the unit is vacant.

Guide Price - £450,000

VAT - VAT is applicable to this sale, please refer to the legal documents for further details.

EPC - Rating 61 Band C

Specification

  • Leasehold retail investment
  • Let to TUI UK Retail Limited
  • City centre location
  • Prime trading positon close to other national retailers
  • Gross yield of 26.61% based on the guide price
  • Producing £119,726 per annum 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Leasehold £450,000.00 NA

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