Costa Coffee 60 The Broadway Plymstock, Plymouth Devon PL9 7AN

Costa Coffee
60 The Broadway
Plymstock, Plymouth
Devon
PL9 7AN

Modern Retail Investment

Let to Costa Ltd (t/a Costa Coffee) until 2027
Prominent Modern Detached Retail Unit
Situated in Established Broadway Shopping Centre
Neighbouring Occupiers such as Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and Numerous Local Retailers

Lot
28
Auction
9th May 2024
Rent
£40,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Modern Retail Investment

Let to Costa Ltd (t/a Costa Coffee) until 2027
Prominent Modern Detached Retail Unit
Situated in Established Broadway Shopping Centre
Neighbouring Occupiers such as Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and Numerous Local Retailers

Lot 28
Auction 9th May 2024
Rent £40,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3.5 miles east of Plymouth City Centre, 45 miles south-west of Exeter, 54 miles east of Truro
Roads: A38, A386, A388
Rail: Plymouth Railway Station
Air: Exeter International Airport

Situation

The property forms part of the established pedestrianised Broadway Shopping Centre in the predominantly residential area of Plymstock, 3.5 miles east of Plymouth City Centre. Neighbouring occupiers include Timpson, Costa Coffee, Poundland, Iceland, Boots, Superdrug, The Works and numerous local retailers.

The shopping centre benefits from being adjacent to a public car park with spaces for approximately 341 cars.

Tenure

Virtual Freehold. Held on a lease for 999 years from completion at a peppercorn ground rent.

Location

Miles: 3.5 miles east of Plymouth City Centre, 45 miles south-west of Exeter, 54 miles east of Truro
Roads: A38, A386, A388
Rail: Plymouth Railway Station
Air: Exeter International Airport

Situation

Tenure

Virtual Freehold. Held on a lease for 999 years from completion at a peppercorn ground rent.

Description

The property comprises a modern detached retail unit on the ground floor only, trading as a coffee shop.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a modern detached retail unit on the ground floor only, trading as a coffee shop.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	146.91	(1,581)	COSTA LIMITED (t/a Costa Coffee) (2)	10 years from 16/01/2017	£40,000	15/01/2027
Total Approximate Floor Area		146.91	(1,581)			£40,000

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/10790787000)
(2) For the year ended 31/12/2022 Costa Limited reported a turnover of £1,117,450,000, pre-tax profit of £245,950,000 and a net worth of £362,372,000 (Source: Northrow 18/04/2024)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.