£195,000
Property for saleRiver Street, Truro TR1
About this property
Truro retail investment
999 year long leasehold
New commercial tenancies in place
£16,980 per annum rent
Net initial yield of 8.5%
Energy performance asset ratings - applied for
Two small lock up retail premises occupied by Endurance Flooring and No. 22 Ladies Clothing Boutique with brand new leases being concluded shortly. The premises, attached but with separate addresses, are available on the open market by way of the long leasehold interest and we are instructed to seek offers at £195,000. With a combined rental income of £16,980 per annum this represents a return of 8.5% net initial yield, allowing for purchasers costs at 2.47%.
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