- Development opportunity
- Commercial unit and two flats above
- Coach house to rear with former planning permission for 2 x two bedroom flats
- EPC Grade TBC
- Initial income potential in the region of £20,000 per year, with easy increases following work to rear
- Popular Devonport location near Albert Gate
- Vacant possession
- Main building double glazed
- Modern electrics throughout main building
- Viewing highly recommended
HALFORD AND HOMES 01752 418104
Development Opportunity - This substantial mid terrace property provides huge potential with a commercial premises to the ground floor, one bedroom first floor flat, top floor studio flat and coach house to the rear with previous planning permission to create two further two bedroom apartments. An internal inspection will demonstrate the potential available at this property.
The premises is located on Albert Road a busy parade of shops and located opposite the Albert Gate entrance to Devonport dockyard and Babcock Marine.
The Ground floor can be accessed from a door to the left providing access to the retail unit or upper floors. The commercial premises can also be accessed from the main High Street of Albert Road. The commercial premises can currently be used as a shop/office or retail unit. It has a spacious main shop frontage area with a lobby to the rear with small modern fitted kitchen, w/c with sink and two rooms to the rear that could be used as additional office space or storage areas. The first floor is a one bedroom flat with open plan lounge/diner/kitchen, shower room and double bedroom. The top floor is a studio space with open plan lounge/kitchen/bedroom and additional compact shower room.
The rear of the property backs onto Healy Place, this property has the advantage of a substantial coach house with former planning permission to create two, two bedroom flats. The space has huge potential and could be adapted to create one single dwelling or retail unit subject to planning permission.
This property has huge potential, in the first instance retaining the retail unit, with an income from the apartments above, this will create a potential income in the region of 20,400 per year, if fully let. Whilst the main property is fully let, renovations to the rear could continue separately.
Albert Road has a mixture of shops, from convenience shops, public houses, a library, specific shops such as a funeral director, beauty rooms or pet store. Whilst many of the amenities on this shopping parade cater for the staff located within the Devonport Dockyard. The property is located in close proximity to the coast line and South West coastal path, whilst also providing the convenience of a short drive to Plymouth City Centre.
This is a fantastic opportunity with potential for multiple uses. Available with vacant possession we highly recommend an internal viewing.