£130,000
Property for saleRetail Investment, 24 Penpol Terrace, Hayle TR27
About this property
Retail investment for sale
Let to popular ice cream parlour
7 years remaining on 15 year lease
£12,000 per annum rent
Rent increasing in 2028 and 2031
Energy performance asset rating 'C' (75)
Retail investment let to a popular local Ice Cream Parlour located in Hayle, Cornwall. The property is subject to an existing occupational lease commencing 30th November 2018 for a term of 15 years. The lease is on an internal repairing and insuring basis and provides for stepped rental increases throughout the term as follows: • Years 1-3: £10,000 per annum • Years 4-6: £11,000 per annum • Years 7-9: £12,000 per annum • Years 10-12: £13,000 per annum • Years 13-15: £14,000 per annum
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Monthly repayment
£650 per month
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