For Sale

House Of Fraser, 40-46 Royal Parade And 33-37 New George Street, Plymouth, PL1 1DY

Overview

Retail
Property Type

198087
sqft

Description

Location

The property comprises a department store of approximately 183,689 sq ft of retail accommodation arranged over ground and five upper floors and four additional smaller retail units facing onto New George Street.

The additional four retail units are located to the north, east of the store, fronting New George Street arranged over ground and two upper floors, providing approximately 14,398 sq ft. These retail units historically formed part of the department store, but are now self-contained. The property is situated on a corner site bound by Royal Parade to the south, Armada Way to the west and New
George Street to the north.

The House of Fraser benefits from well-configured rectangular floorplates offering good levels of natural light owing to the large number of windows on all four elevations of the property.

The building benefits from the use of a rear courtyard which can be accessed via New George Street and a goods entrance with a roller shutter door. The rear loading yard is adopted by the Council and does not form part of the sale

Summary

Key points

City Centre Department Store and four additional self contained retail units facing onto New George Street
Opportunity to reconfigure a landmark building in the heart of Plymouth City Centre, subject to consents
The property comprises a department store measuring approximately 183,689 sq ft over ground and five upper floors and an additional four retail units providing 14,398 sq ft, totalling 198,087 sq ft
Occupying a prime retail location, moments away from Drake Circus Shopping Centre
Benefitting from outstanding views on the higher floors and excellent triple frontage onto New George Street, Armada Way and Royal Parade
Site area of 0.97 acres (0.39 ha)
Leasehold - 93 years unexpired with possible lease extension
WIthin close proximity to Plymouth Railway Station