Asset Type: Retail Warehouse
Unit A & B Transit Way Retail Park, Transit Way, Plymouth, PL5 3TW
B&M Retail Limited and Magnet Limited
Plymouth is the major commercial centre for Devon and Cornwall. Plymouth has a population of 462,000 and estimated shopping population of 345,000. The city is located 37 miles south west of Exeter and 190 miles south west of London.
A large Magnet unit of 35,000 sq ft was completely refurbished to comprise a 25,000 sq ft unit which was let to B&M and Magnet. The units benefit from unrestricted open A1 planning consent (including food). This consent will underpin value given the tight planning restrictions imposed on new out of town retail developments. Magnet have traded from the property for 27 years and remain committed to the location. Transit way retail park Is a recognised retailing destination in Plymouth with an extensive customer draw provided by adjacent tenants.