Prime opportunity to acquire a leasehold interest in newly created units in a well-known local landmark building. Positioned in the heart of Plymouth city centre fronting New George Street’s prime retail pitch and Derry’s Cross, opposite The Theatre Royal; the largest and best attended regional producing theatre in the UK.
The upper floors will provide 500 student units and a 110 bedroom Premier Inn Hotel. The new ground floor units are suitable for a mix of retail and leisure uses.
The existing retail/leisure element of Plymouth Cross extends to circa 64,000 sq ft of which approximately 54% is already let or under offer to occupiers such as Argos, Rymans and Premier Inn’s Thyme Restaurant. The remaining ground floor accommodation of approximately 28,000 sq ft can be configured to suit individual requirements and offered in a shell format (with additional mezzanine space as required).
Terms: Units are available to let on new fully repairing and insuring leases on terms to be agreed, contracted out of the security of tenure provisions of the 1954 Act.