INCOME PRODUCING INDUSTRIAL INVESTMENT OPPORTUNITY LOCATED ON A POPULAR ESTATE AND LET ON A 10 YEAR FULL TENANT REPAIRING LEASE WITH 3 YEAR RENT REVIEWS TO THE GREATER OF RPI OR MARKET RENT.

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PRICE - £205,000 | RENT - £17,420 p.a. | YIELD – 8.5%
LOCATION
Penzance is a town, civil parish and port in the
Penwith district of Cornwall, United Kingdom. It
is the most westerly major town in Cornwall and
is about 64 miles (103 km) west-southwest of
Plymouth and 255 miles (410 km) west-southwest
of London. Situated in the shelter of Mount’s Bay,
the town faces south-east onto the English Channel,
is bordered to the west by the fishing port of
Newlyn, to the north by the civil parish of Madron
and to the east by the civil parish of Ludgvan. The
civil parish includes the town of Newlyn and the
villages of Mousehole, Paul, Gulval, and Heamoor.
Granted various royal charters from 1512 onwards
and incorporated on 9 May 1614,[3] it has a
population of 21,200 (2011 census). The estate is
located on the B3315 road which connects it to
Land’s End and the main A30 trunk road. Stable
Hobba Industrial Estate is occupied many marine
related businesses. The estate is a mixture of light
industrial and warehouse units. It is located close to
Newlyn town centre, in a residential/industrial area
approximately 1.2 miles from Penzance.
DESCRIPTION
The estate consists of 11 terraces
providing light industrial small
starter units with the benefit of
ancillary office accommodation
and toilet facilities. Sizes range from
1,100 to 3,500 sq ft and provide
approximately 4m eaves with
accessed via roller shutter doors and
a separate pedestrian entrance. Units
are of steel portal frame construction
with brick and profiled metal cladding
elevations with concrete roof panels.
Each terrace has secured gated
access to a large hardstanding area
providing car parking and loading to
the front of the units. Units 9&17
comprises a unit with a GIA of 1,732
sq ft (161 sq m)