Retail premises for sale

Commercial Street, Camborne TR14

Investment Consideration:
Gross Initial Yield: 9.00%
Rental Income: £9,000 p.a.
VAT is not applicable to this property
Comprises a ground floor shop with additional storage rooms, kitchen and W/C.
Prominent location in central Camborne, with occupiers nearby include Miller and Son estate agents, wh Smith, HSBC, Wetherspoons pub and hotel and Tyacks Hotel

Property Description:
The property comprises ground floor shop with additional storage rooms, kitchen and W/C.
Retail: 37.30 sq m (401 sq ft)
Office: 10.40 sq m (112 sq ft)
Kitchen: 10.30 sq m (111 sq ft)
Storage: 4.50 sq m (48 sq ft)
Total: 62.50 sq m (672 sq ft)

Tenancy:
The property is at present let to an Individual for a term of 10 Years from 20th February 2025 at a current rent of £9,000 and the lease contains full repairing and insuring covenants. Rent review in 3rd and 6th year open market. Tenant option to determine in 3rd and 6th year with min 3 months notice. Deposit held of £2,250

Tenure:
Leasehold. Held on a 999 Year Lease from 5th July 2016 at a ground rent of peppercorn.

Location:
Camborne forms part of the largest conurbation in Cornwall and was formerly one of the richest mining areas of the world, located in the heart of Cornwall, 15 miles from Truro and 16 miles from Penzance. Camborne station is on the main line to London Paddington and the town is 60 miles from Plymouth. Commercial Street forms part of the main high street in the town centre and 20-22 is in a good secondary pitch along the street. Nearby occupiers include Miller and Son estate agents, wh Smith, HSBC, Wetherspoons pub and hotel and Tyacks Hotel.