£249,950
Land for saleKenwyn Street, Truro TR1
About this property
Freehold Investment Opportunity Located In Truro City Centre
Rental Income Of £20,000 (8%) ROI
Two Retail Shops
Freehold Investment Opportunity Located In Truro City Centre
Rental Income Of £20,000 (8%) ROI
Two Retail Shops
Ref 3148
Asking Price £249,950
Location
These two Investment Properties are located in Truro city centre. Situated within a prominent and highly visible trading position on Kenwyn Street which is close to the Theatre, Cathedral and shopper's car parks. Truro is the retail hub of the county boasting a string of large blue chip and niche independent retailers along with an array of bars and restaurants.
Business Description
Veritas Business Sales are delighted to offer for sale these two Freehold Investment Properties (to be sold as one) which are located in the Cornish City of Truro. The buildings have been a significant part of Truro for many years with easy access to all the local amenities and have been in the careful hands of the current owner for the past 6 years. Our client is offering the properties for sale so that they can enjoy a well deserved retirement.
Since ownership they have totally refurbished the property and made continual investment both internally and externally which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. There are two commercial lets which are fully let for £20,000 pa. One is a Coffee Shop/Café with a rental income of £10,000 pa and the other is a Ladies Hair Salon which also produces £10,000 pa.
This is a rare opportunity to purchase a well kept and fully let Investment Property as such early viewing is highly recommended.
Shop 1 (108a) Lease 5 Years Rent £9,693.29pa)
Shop 2 (108c) Lease 5 Years Rent (10,500pa)
Rental Income Of £20,000 (8%) ROI
Two Retail Shops
Ref 3148
Asking Price £249,950
Location
These two Investment Properties are located in Truro city centre. Situated within a prominent and highly visible trading position on Kenwyn Street which is close to the Theatre, Cathedral and shopper's car parks. Truro is the retail hub of the county boasting a string of large blue chip and niche independent retailers along with an array of bars and restaurants.
Business Description
Veritas Business Sales are delighted to offer for sale these two Freehold Investment Properties (to be sold as one) which are located in the Cornish City of Truro. The buildings have been a significant part of Truro for many years with easy access to all the local amenities and have been in the careful hands of the current owner for the past 6 years. Our client is offering the properties for sale so that they can enjoy a well deserved retirement.
Since ownership they have totally refurbished the property and made continual investment both internally and externally which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. There are two commercial lets which are fully let for £20,000 pa. One is a Coffee Shop/Café with a rental income of £10,000 pa and the other is a Ladies Hair Salon which also produces £10,000 pa.
This is a rare opportunity to purchase a well kept and fully let Investment Property as such early viewing is highly recommended.
Shop 1 (108a) Lease 5 Years Rent £9,693.29pa)
Shop 2 (108c) Lease 5 Years Rent (10,500pa)
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