Overview

• TRURO RETAIL INVESTMENT
• 999 YEAR LONG LEASEHOLD
• NEW COMMERCIAL TENANCIES IN PLACE
• £16,980 PER ANNUM RENT
• NET INITIAL YIELD OF 8.5%
• ENERGY PERFORMANCE ASSET RATINGS – APPLIED FOR

Two small lock up retail premises occupied by Endurance Flooring and No. 22 Ladies Clothing Boutique with brand new leases being concluded shortly.

The premises, attached but with separate addresses, are available on the open market by way of the long leasehold interest and we are instructed to seek offers at £195,000. With a combined rental income of £16,980 per annum this represents a return of 8.5% net initial yield, allowing for purchasers costs at 2.47%.

River St and Castle St lies on the edge of the retail centre of Truro and is in a popular trading position, set amongst niche retailers, restaurants, jewellers and a short walk from the museum and City centre. The properties are close to the bus stop for the park and ride and within a short walk of the main line railway station.