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Agent's details

Camborne – Virtual Freehold Retail Investment

For sale: £70,000.00|850 Sq Ft|Residential, General Retail, Retail - High Street, Retail

Property details

FOR SALE£70,000.00
SIZE850 Sq Ft
ADDRESS20/22/22A Commercial Street, Camborne, Cornwall, TR14 8JY
TYPEResidential, General Retail, Retail - High Street, Retail
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON22nd March 2022

Description

Investment Consideration:
Gross Initial Yield: 10.02%
Rental Income: £7,020 p.a.
VAT is NOT applicable to this property
Comprises mid-terrace ground floor shop
Roof repair works carried out in 2020
Nearby occupiers include Costcutter, WHSmith, Santander, Shoe Zone and a Lloyds Bank.

Property Description:
Comprises mid-terrace ground floor shop with benefit of a rear access and providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, Storage, Kitchenette, WC

Tenancy:
The shop is at present let to an Individual for a term of 6 Years and 11 Months from 19th June 2023 at a current rent of £7,020 p.a. Open market rent review in September 2025 and 2028. No breaks. Deposit held of £1,140.

Tenure:
Long leasehold. To be held on a 999 years lease from completion at a ground rent of peppercorn.

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

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

Camborne (0.2 miles)

Redruth (3.6 miles)

Hayle (5.6 miles)

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