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AGENT'S DETAILS


Camborne – Freehold Shop and Residential Ground Rent Investment

For sale: £85,000.00|848 Sq Ft|General Retail, Mixed Use, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£85,000.00
SIZE848 Sq Ft
ADDRESS20 – 22A Commercial Street, Camborne, Cornwall, TR14 8JY
TYPEGeneral Retail, Mixed Use, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
Property comprising 3 Ground Floor Shops (2 Shops sold off) with separate front access to a Self-Contained Maisonette and 3 Self-Contained Flats on the upper floors (sold off).
VAT is NOT applicable to this property.
Nearby occupiers include as Boots Opticians, Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank.

Property Description:
A mid terrace building comprising 3 Ground Floor Shops (2 Shops sold off) with separate front access to a Self-Contained Maisonette and 3 Self-Contained Flats on the upper floors (sold off).

Tenancy:
The shop is at present let to M. Long trading as a letting agent for a term of 5 years from 10th April 2014 at a current rent of £6,000 per annum with ground rent for the upper flats of £400 p.a. (£100 each). The other two shops are sold off on long lease at peppercorn. The shop lease and long leases contains full repairing and insuring covenants.

Location:
Located at the junction with Church Street in this town centre position, amongst such multiples as Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Camborne lies midway between Newquay and Penzance on the A30 some 3 miles west of Redruth and benefits from good transport links via Camborne Railway Station.

LOCATION

Location: 20 – 22A Commercial Street, Camborne, Cornwall, TR14 8JY

Camborne (0.2 miles)

Redruth (3.6 miles)

Hayle (5.6 miles)

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