Commercial Property for sale

Commercial Road, Penryn, Cornwall, TR10

Under Offer £375,000
3,632 sq. ft.

Property Description

Commercial information

  • 3,632 sq ft (337 sq m)

Key features

  • Prominent location fronting Commercial Road.
  • Pair of mid terraced office/retail units.
  • Let to The Secretary of State for Communities and Local Government, Alliance Automotive UK LV Ltd and Top Gear Limited
  • Current rent of 30,109.29pa.
  • 375,000 (Three Hundred and Seventy Five Thousand Pounds) reflecting a net initial yield of 7.72%.

Full description

Tenure: Leasehold

Location

The Property is situated in the town of Penryn which is 2 miles (3.2 kilometres) inland of Falmouth and 8 miles (13 kilometres) south of the cathedral city of Truro. The town provides a range of retail, business and leisure amenities and has the benefit of a railway station on the Falmouth to Truro branch line.


Situation

The Property fronts onto Commercial Road which is the principle vehicular route through the town. There is a public car park immediately to the rear of the Property and the surrounding area is characterised by a variety of commercial, retail and warehouse uses.

Description

The Property comprises two mid-terrace units within a larger terrace of four two-storey retail/office buildings believed to date from the early 1990's. There are 8 allocated parking spaces to the rear.

Unit B is let to The Secretary of State for Communities and Local Government (Job Centre) and is interconnecting with Unit A, which is held under a separate ownership.

Unit C accommodates Top Gear Limited (electric bike retailer) on the ground floor and Alliance Automotive UK LV Ltd (trading as Mill Auto Supplies) on the first floor. Alliance Automotive UK LV Ltd also occupy Unit A which is held under separate ownership and is currently connected at first floor level.


More information from this agent

Nearest stations

  • Penryn (0.5 mi)
  • Penmere (1.5 mi)
  • Falmouth Town (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Alder King, Truro

High Water House Malpas Road Truro TR1 1QH

01872 490003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Penryn (0.5 mi)
  • Penmere (1.5 mi)
  • Falmouth Town (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Alder King, Truro

High Water House Malpas Road Truro TR1 1QH

01872 490003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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