£285,000
(£104.48/sq. ft)
Retail premises for saleMount Folly Square, Bodmin PL31
2,297 sq. ft
About this property
Commercial investment
Character premises
Prominent location
Yield of 8.9% rising to 9.8%
Energy performance rating (D)
Accommodation:
Retail Space - 1,475sqft (137sqm)
Office - 253sqft (23.5sqm)
Basement - 570sqft (52.9sqm)
Total - 2,297sqft (213.4sqm)
Availability:
The ground floor commercial space is available on a 999-year lease, as an investment, with the benefit of a new 6-year lease. There are 5 residential flats in the building also recently developed and to be sold on 999-year leases.
Lease Terms:
The unit has been let to an established tanning studio on a new 6-year lease expiring 30th September 2031 at a rent of £24,000pa for years 1-3 rising to £26,400pa for years 4-6, this represents a yield of 8.9% rising to 9.8%.
Viewings:
Interested parties are encouraged to initially inspect externally to ensure the location and situation is suitable. Following this an internal inspection can be arranged via Redgrave Commercial.
Retail Space - 1,475sqft (137sqm)
Office - 253sqft (23.5sqm)
Basement - 570sqft (52.9sqm)
Total - 2,297sqft (213.4sqm)
Availability:
The ground floor commercial space is available on a 999-year lease, as an investment, with the benefit of a new 6-year lease. There are 5 residential flats in the building also recently developed and to be sold on 999-year leases.
Lease Terms:
The unit has been let to an established tanning studio on a new 6-year lease expiring 30th September 2031 at a rent of £24,000pa for years 1-3 rising to £26,400pa for years 4-6, this represents a yield of 8.9% rising to 9.8%.
Viewings:
Interested parties are encouraged to initially inspect externally to ensure the location and situation is suitable. Following this an internal inspection can be arranged via Redgrave Commercial.
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Monthly repayment
£1,425 per month
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