Commercial Property for sale

Unit 5, Cathedral Compound, Heron Way, Truro TR1 2XN


Guide price
£225,000
S.O.A.

Features

  • BUSINESS NOT AFFECTED
  • ENERGY PERFORMANCE RATING (TBC)
  • INDUSTRIAL INVESTMENT OPPORTUNITY
  • LEASE EXPIRY 2026
  • PASSING RENT £15,000PA

Description

Accommodation:

Ground Floor

Main Workshop - 95.8sqm (1,031sqft)

Spray Booth - 25.6sqm (275sqft)

Extension - 45.5sqm (490sqft)

Sub-Total - 166.8sqm (1,796sqft)

First Floor

Storage/Kitchen/WC - 71.8sqm (773sqft)

Total GIA - 238.7sqm (2,569sqft)

Availability:

The premises is being sold as an investment with the benefit of a new 6-Year Lease.

Lease Terms:

There is a new Full Repairing and Insuring 6-year lease in place with expiry 30th September 2026. The passing rent is £15,000pa and there is a concurrent rent review and tenant break clause at the end of the third year.

Service Charge/Insurance:

There is an annual contribution from the tenant of £100 to contribute towards the estate maintenance. The annual buildings insurance is £350.

Tenant:

The tenant has successfully traded from this location for 10-years and continues to trade well in the current market conditions.

Viewings:

The tenant is currently trading so interested parties are encouraged to undertake a drive-by viewing, should a more formal internal inspection be required, this can be arranged via Redgrave Commercial.


Categories

Commercial Properties
Call
Property reference
CP240100_48