Tresooth Lane, Penryn, Cornwall, TR10

An opportunity to acquire a charming mixed-use property in the university town of Penryn, generating a gross income of £58,020 per annum, and totalling approximately 5,017 Sq Ft. The property comprises 8 commercial workshop/studios and a residential apartment let to students. An excellent 'turnkey' investment with further scope for income enhancement.

LOCATION

Penryn is an historic port on the south coast of Cornwall, chartered in 1236. During the 19th Century, the town was known for the export of granite, used in such buildings as the Bank of England and many of the country's lighthouses. The town is home to Penryn Campus, a large university campus occupied by two institutions - Falmouth University and the University of Exeter. Over recent years the area has thrived, due to a significant increase in student population, in turn having a positive impact on local businesses. The scenic Helford River is a short drive away, with areas such as Falmouth, Truro and Helston in close proximity, making this attractive town a perfect place for those seeking a quieter lifestyle, while being conveniently close to the liveliness of larger towns. The Old Grist Mill is located on the edge of Penryn close to the B3292, towards the lower end of Treluswell Hill, making it easily accessible either from Penryn / Falmouth or if coming from Truro or Redruth. The building overlooks the attractive Trelawney Park - a highly pleasantarea to enjoy on lunch breaks etc.

PROPERTY

A large and charming former watermill of granite construction, arranged over 4 floors. The property still shows signs of its former use as a mill with the remains of a leat in the grounds and a covered pit for the water wheel. The property now comprises a mixture of studio and workshop suites as well as a spacious four bedroom flat with large open plan living area and feature metal staircase.

TENANCY SCHEDULE & RENTAL INCOME

Studio 1: £3,300 PA
Studio 2: £2,700 PA
Studio 3: £3,600 PA
Studio 4: £4,200 PA
Studio 5: £1,800 PA
Studio 6: £2,700 PA
Studio 7: £1,800 PA
Studio 8: £6,720
Student Flat: £31,200 PA
Total: £58,020 PA

SERVICES

We understand the property is serviced by mains water, electricity, drainage and gas. All studios are individually metered.

BUSINESS RATES

Each of the 8 studios are independently rated and we understand all will benefit from small business rates relief where applicable. We refer you to the government website for further information.

EPC/CEPC

Office: G (242) & Residential: D (65).

VIEWINGS & ENQUIRIES

All enquiries and viewing requests are to be made directly through Laskowski & Co - the vendors' sole agents, on and .

VAT

All prices/rents quoted are quoted exclusive of VAT.