High Street Retail Property for sale

Unit 1, Highshore House, New Bridge Street, Truro TR1 2AA


£165,000
593 ft²

Features

  • ENERGY PERFORMANCE RATING (C)
  • PROMINENT, CITY CENTRE PREMISES
  • RECENTLY REFURBISHED BUILDING
  • RETAIL INVESTMENT OPPORTUNITY
  • RETURN CORNER FRONTAGE

Description


Accommodation:


Ground Floor Dimensions - 10.6m D x 5.4m W
Ground Floor Total - 55.1sqm (593sqft)


Availability:


The premises is being sold as a 999-year virtual freehold investment, with the benefit of a new 10-year lease.


Lease Terms:


There is a new Full Repairing and Insuring 10-year lease in place, with a commencing rent of £12,000pa, which reflects a gross yield of 7.3%. The lease includes a 5-year rent review and 5-year tenant break clause, which is operable upon 6-months' prior written notice.


Tenant:


The tenant, Cashbrokers (Grantham) Ltd, continues to trade well in the current market conditions, with 3 successful retail locations in the South West.


http://cashbrokers.co.uk/
https://find-and-update.company-information.service.gov.uk/company/06889637


Viewings:


The shop is open and trading, so interested parties are welcome to walk in. A more formal inspection can be arranged via Redgrave Commercial.


Categories

High Street Retail Property
Call
Property reference
CP240100_219