Chartered Surveyors and Business Property Specialists
Investment for sale / Freehold

£230,000 Price

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Sale agreed
1/10
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11 Arwenack Street, Falmouth, Cornwall

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Overview

  • INVESTMENT OPPORTUNITY
  • LET ON 10 YEAR TERM, GENERATING £20,000 PA INCOME WITH 3 YEARLY RENT REVIEWS
  • TOWN CENTRE LOCATION
  • GRADE II LISTED PROPERTY
  • REMAINDER OF 999 YEAR LONG-LEASEHOLD OF RETAIL UNIT FROM 6TH OCTOBER 2023
  • 595 SQ FT (55 SQ M) RETAIL UNIT
  • EPC RATING C (57)

The property is situated in a prominent position on Arwenack St, the main thoroughfare through the centre of Falmouth, which is renowned as a hub of independent retailers, bars and eateries and is in close proximity to the Maritime Museum and Events Square, both large tourist attractions and footfall generators. This part of Falmouth is also famous for the many waterside pubs that look out across the harbour, making the immediate area a highly desirable and popular pitch & trading location.

The investment comprises a long-leasehold of the retail unit for the remainder of a 999 year lease from 6th October 2023.

Falmouth is a well known and prosperous town on the south coast of Cornwall, famous for its maritime history and links to the Fal Estuary which is the third deepest natural harbour in the world.

It provides a wide range of shopping opportunity catering for the busy town centre, home to over 5,000 students at the burgeoning university campus at Penryn as well as local residents and the large numbers of tourists that visit annually.

Interested in this Property?
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Thomas Smith Partner View Profile

Call: 01872 247013
Email: ts@miller-commercial.co.uk

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