7 Meneage Street, Helston, Cornwall, TR13 8AA
£87.34 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,774 sq ft
165 sq m
- SECTOR
2 bedroom mixed use property for sale
- USE CLASSUse class orders: A1 Shops, C3 Dwelling Houses and Class E
A1, C3, E
Key features
- Comprises ground floor retail shop and 2-bed flat at first and second floor
- Total area size of 165 sq m (1,774 sq ft)
- VAT is NOT applicable to this property
- Nearby occupiers include Costa Coffee, WH Smith and more
Description
Gross Initial Yield: 8.02%
Rental Income: £12,420 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop and 2-bed flat at first and second floor
Total area size of 165 sq m (1,774 sq ft)
Nearby occupiers include Costa Coffee, WH Smith, restaurant/takeaway`s, jewellers and pet shop, amongst others.
Property Description:
The property comprises ground floor retail shop and 2-bedroom flat at first and second floor with the following accommodation and dimensions:
Ground Floor: Shop 72 sq m (776 sq ft)
Retail Area, Kitchenette, Store, WC
First/Second Floor: Flat 93 sq m (998 sq ft)
2 Bedrooms, Kitchen, Living Room, Bathroom, WC
Tenancy:
The ground floor shop is at present let to Vapes Direct Limited for a term of 5 years from September 2020 at a current rent of £6,240 per annum and the lease contains full repairing and insuring covenants. Rent increases to £6,480 p.a. in September 2022. Tenant option to determine in September 2023. Tenant in occupation since 2016. Lease within Landlord and Tenant 1954 Act. The first/second floor flat is at present let on AST to an Individual for a term of 18 months from 16th March 2020 at a current rent of £6,180 per annum. Deposit held of £550.
Location:
Helston is a town and civil parish on the south coast of Cornwall and is situated at the northern end of the Lizard Peninsula. The town is well served by public transport with bus stops located nearby. The nearest railway station is Camborne, located approximately 8 miles away. The area is well serviced by A roads with the A394 being within easy reach of the property. This links to the main A30 trunk road linking Cornwall to the M5. The Cathedral City of Truro is 20 miles away and Newquay Airport is 32 miles away. The property is situated on Meneage Street which is one of the two main shopping streets in the larger market town of Helston. Nearby occupiers include Costa Coffee, WH Smith, restaurant/takeaway`s, jewellers and pet shop, amongst other local traders.
Brochures
7 Meneage Street, Helston, Cornwall, TR13 8AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Camborne Station7.7 miles
Notes
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