Offers over
£195,000
Land for salePenryn Street, Redruth TR15
About this property
Freehold Commercial Investment Property
Commercial Let Producing £7,200 pa
2 Bed Flat Let Producing £10,200 pa
Total Rental Income £17,400 pa (8.9% ROI)
Flat Available On Its Own (999 year lease £140,000)
Freehold Commercial Property Located In Redruth
With Self Contained Two Bedroom Apartment Above
Ref 3081
Asking Price In Excess £195,000
Location
This Freehold Commercial Retail Property is located in the Cornish town of Redruth. The property is very close to the town centre which offers large blue chip and niche independent retailers. The main trunk road through the county the A30 provides easy access to the picturesque town of St Ives which is approximately (16 miles) away. Truro city centre, is (15 miles) away and the popular holiday village of Portreath is only (4 miles) away. Redruth is also on the main railway line from Paddington to Penzance.
Business Description
Veritas Business Sales are delighted to offer for sale this Freehold Commercial Retail Property which is located in the Cornish town of Redruth. The property has been in the careful hands of our client since 2020 and is now being offered for sale so they can concentrate on their other business interests. The ground floor offers retail space and above you have a newly renovated self contained two bedroom apartment.
Key Details:
• Freehold of Entire Building: £195,000
• Flat on 999-Year Lease: £140,000
• Rental Income:
• Flat: £850 pcm (£10,200 pa)
• Shop: £600 pcm (£7,200 pa)
• Total Income: £1,450 pcm (£17,400 pa)
Ground Floor
Retail area (8.5m x 4.25.1m)
Storeroom (3.9m x 2.7m)
Toilet (2.7m x 2.8m)
First Floor
Bedroom 1 (4.1m x 2.4m) Kitchen (3.1m x 3.1m) Lounge (4.2m x 3.5m)
Second Floor
Bathroom (4.8 x 1.6m)
Bedroom 2 (5.8 x 3.8)
External
Rear Yard
EPC Rating D
With Self Contained Two Bedroom Apartment Above
Ref 3081
Asking Price In Excess £195,000
Location
This Freehold Commercial Retail Property is located in the Cornish town of Redruth. The property is very close to the town centre which offers large blue chip and niche independent retailers. The main trunk road through the county the A30 provides easy access to the picturesque town of St Ives which is approximately (16 miles) away. Truro city centre, is (15 miles) away and the popular holiday village of Portreath is only (4 miles) away. Redruth is also on the main railway line from Paddington to Penzance.
Business Description
Veritas Business Sales are delighted to offer for sale this Freehold Commercial Retail Property which is located in the Cornish town of Redruth. The property has been in the careful hands of our client since 2020 and is now being offered for sale so they can concentrate on their other business interests. The ground floor offers retail space and above you have a newly renovated self contained two bedroom apartment.
Key Details:
• Freehold of Entire Building: £195,000
• Flat on 999-Year Lease: £140,000
• Rental Income:
• Flat: £850 pcm (£10,200 pa)
• Shop: £600 pcm (£7,200 pa)
• Total Income: £1,450 pcm (£17,400 pa)
Ground Floor
Retail area (8.5m x 4.25.1m)
Storeroom (3.9m x 2.7m)
Toilet (2.7m x 2.8m)
First Floor
Bedroom 1 (4.1m x 2.4m) Kitchen (3.1m x 3.1m) Lounge (4.2m x 3.5m)
Second Floor
Bathroom (4.8 x 1.6m)
Bedroom 2 (5.8 x 3.8)
External
Rear Yard
EPC Rating D
Mortgage calculator
Monthly repayment
£975 per month
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