Commercial property for sale in Plymouth, England

DescriptionThe property comprises around 1.46 acres with petrol filling station and accompanying store. Parking for around 15 cars during operational hours. To the rear of the filling station the site has truck parking available for up to 28 articulated lorries overnight with shower and toilet facilities available. There is further rental income from two servicing workshops and a café. The forecourt consists of 2 pump islands with 8 nozzles split between diesel and super unleaded. With a further two nozzles for bunkering to the rear alongside two ‘adblue’ pumps. LocationLocated just off the A38 Devon Expressway slip road between Exeter and Plymouth. The A38 is the main arterial route continuing from the M5 into Plymouth and Cornwall. There is a large industrial estate located just 0.5 miles from the site. Ivybridge, just 1.9 miles away is the largest town – with a population circa 12,500. The Tesco superstore nearby is the main supermarket serving the wider area, drawing people from many surrounding towns and villages. Internal DetailsThe convenience store offers a range of confectionery, snacks and soft drinks, news and magazines, tobacco and car care. Fixtures & FittingsWe are advised that all shop and petrol station fixtures and fittings are included in the sale subject to an inventory. Truck StopThe property benefits from truck stop parking income of circa £102,000 for year end 2024, charged at £27.50 per day. Can accommodate up to 28 trucks/articulated lorries in total overnight. There are also toilet and shower facilities on site. There is further income from a monthly contract for van parking at £4,800 per annum. The OpportunityThe property has been in the current family since the 1970’s and has always focused heavily on the haulage industry alongside everyday vehicles. With over 6.2mil litres of retail fuel & bunkering it is a popular stop over for trucks and lorries travelling both locally and from Plymouth ferries from Europe. A variety of revenue streams from fuel sales, shop sales, rental and parking income. The size and location of the site really opens out the opportunity for development adding electric charging hub, drive throughs and further infrastructure for the future – subject to necessary planning permissions. StaffDay to day operations on site are carried out by a team of four people which include the owner and his wife and two part time staff. The owners have advised there will be no staff to transfer with the sale. Trading InformationFor year end March 2024, total sales turnover of £2,732,984 with an adjusted net profit of £349,440. Includes rental income of £36,000 and truck stop income of circa £107,000. Trading HoursOpen 5 days a week, Monday – Friday 5:00am - 7:00pm. Development PotentialSubject to the necessary permissions the sites location lends itself well to further development with additions of drive throughs and EV hub. To note an additional new slip road has been proposed on the north bound carriage way of A38. TenureFreehold. TenancyThe are three separately leased buildings including a small workshop - £5,200 pa, large workshop - £14,088 pa, café - £12,000 pa, van contract parking £4,800pa. Business RatesCurrent rateable value from April 2023 is £13,500. Energy Performance Certificates EPC 1

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