West Point & Centre Court, Exeter Street, Plymouth PL4 0AH
27,815 sq ft
Prominent City Centre Office Investment
Plymouth is the principal city of Devon, situated on the A38 and A30 providing access to the M5 and the national motorway network. The property is situated at the eastern end of the city centre fronting the A374 Exeter Street linking to the A38 to the east. Two adjacent of office buildings; Centre Court is two-storey and West Point is a four-storey building, accessed from Ebrington Street. The two buildings are linked with a courtyard. The buildings comprise 27,815 sq ft (2,584.01 sq.m.) with 42 car parking spaces (1:662 sq.ft.). The building is let to The Secretary of State for Communities and Local Government, The First Secretary of State and Plymouth Community Healthcare CIC. The Wault is 4.9 years to expiry (2.7 years term certain).The property produces a total rent of £307,750 per annum equating to £11.06 per sq.ft. overall. The property was sold for £2.7 million reflecting a NIY of 10.70% and £103 per sq ft CV Gross.