Summary - Admiral MacBride,1 The Barbican,PLYMOUTH,PL1 2LR PL1 2LR
1 bed 1 bath Commercial Property
Freehold Barbican pub with income, short-lease risk and improvement needs..
- Freehold waterfront public house with harbour frontage
- Total area 3,135 sq ft across ground, basement and first floor
- Let to private tenant at £51,399 pa; RPI rent reviews (2%–5%)
- Six ensuite letting rooms on first floor, some with sea views
- Lease expires January 2032 — c.7 years remaining
- No rent deposit held; fixtures and fittings owned by tenant
- EPC E-106 — likely immediate energy improvement costs
- Located in high-crime, very deprived locality; lender caution likely
A rare freehold waterfront public house on The Barbican, offered as an income-producing investment. The property extends to 3,135 sq ft over ground, basement and first floor, with a trading ground floor pub area, cellar and six ensuite letting rooms above. It enjoys prominent harbour frontage, pavement-licenced external seating for up to 84, and good passing tourist trade potential.
The entire property is let to a private individual at £51,399 pa with annual RPI reviews (2% collar, 5% cap) until the lease expiry on 20 January 2032. There is no rent deposit and the tenant currently owns fixtures and fittings. The sale is marketed as a TOGC opportunity for VAT-registered purchasers.
Important investor considerations: only seven years remain on the lease, which will limit some lenders and could reduce marketability to certain buyers. The building sits in a conservation area and has an EPC rating of E-106, indicating potential immediate energy-related improvement costs. The location benefits from harbour footfall but sits within a high-crime, very deprived local area profile — factors to weigh against rental uplift potential.
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