£215,000
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% ROI)
Flat Available On Its Own (999 year lease £140,000)
Freehold Commercial Investment Property Located In Redruth With Self Contained Two Bedroom Apartment Above (£215,000)
Also Apartment Available Separate (999 Year Lease £140,000)
Ref 3081
Asking Price £215,000
Location
This Freehold Commercial Investment 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 Investment 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: £215,000
* 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)
Features:
* Flat recently upgraded with a new kitchen * Shop fully renovated in recent years, including new windows * Private access to flat * Small yard to the rear - ideal for storage, bins, or light outdoor use * Located in a convenient and desirable area
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
Also Apartment Available Separate (999 Year Lease £140,000)
Ref 3081
Asking Price £215,000
Location
This Freehold Commercial Investment 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 Investment 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: £215,000
* 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)
Features:
* Flat recently upgraded with a new kitchen * Shop fully renovated in recent years, including new windows * Private access to flat * Small yard to the rear - ideal for storage, bins, or light outdoor use * Located in a convenient and desirable area
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
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