H O U S E DERRY’S CROSS, PLYMOUTH, PL1 2SW
PRIME CITY CENTRE LEISURE INVESTMENT H O U S DERRY’S CROSS, PLYMOUTH, PL1 2SW PRIME CITY CENTRE LEISURE INVESTMENT E
H O U S E
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1. Sutton Harbour 7. Civic Centre Development 13. Colin Campbell Court Development 2. Drake Circus Leisure Scheme 8. Theatre Royal Plymouth 14. Western Approach Development 3. University of Plymouth 9. Crescent Point Student Residences 15. Plymouth Pavilions Arena/Ice Rink 4. Mayflower Steps 10. Derrys Cross Leisure 16. Millbay Pier 5. Beckley Point 11. Plymouth Cross Redevelopment 6. The Hoe 12. Plymouth Bus Station Outline for indicative purposes only. H O U S DERRY’S CROSS, PLYMOUTH, PL1 2SW PRIME CITY CENTRE LEISURE INVESTMENT E
INVESTMENT CONSIDERATIONS ■■ Exceptionally prominent city centre leisure investment ■■ Neighbouring occupiers include Travelodge, Revolution, ■■ The surrounding area is undergoing a major transformation totalling 33,886 sq ft Wildwood, Bella Italia, Wetherspoons and Theatre Royal with a large number of commercial, student and residential ■■ Highly visible and modern building, constructed in 2002, ■■ Total rent received of £463,905 per annum, developments under construction or recently completed located in the primary leisure pitch reflecting £13.69 per sq ft overall ■■ We are instructed to seek offers in excess of £5,800,000 (Five Million and Eight Hundred Thousand Pounds), for our client’s ■■ Primary Retail Population of 458,000 ■■ Attractive WAULT of 9.47 years to earliest determination freehold interest, subject to contract and exclusive of VAT. (Source PROMIS) ■■ Immediate access to significant local car parking provision, ■ ■■ Occupied by national and well-regarded brands including including a 200 space car park to the rear of the property and ■ A purchase at this level would reflect aNet Initial Yield Grosvenor Casinos, Walkabout and Sizz All the 612 space Theatre Royal multi-storey car park behind of 7.50% and an attractive capital rate of £171 per sq ft, Derry’s Cross assuming purchaser’s costs of 6.62%. H O U S DERRY’S CROSS, PLYMOUTH, PL1 2SW PRIME CITY CENTRE LEISURE INVESTMENT E
A (M) Y R ● EE S B AC P ● ● M55 M56 H ● M62 M6 GRIMSBY M M 80 M 8 ● MANCHESTER I ERP ● ● M56 Plymouth is the second largest SHEFFIE ● INC N ● M city in the South West N TTINGHAM B ST N M6 ● ●