9 & 17 Stable Hobba, Penzance, Cornwall, TR20
£225.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,000-1,723 sq ft
93-160 sq m
- SECTOR
Light industrial facility for sale
- USE CLASSUse class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution
B1, B2, B8
Key features
- 24hr Access
- Roller shutter door
- Price: £225,000
- Rent: £21,935
- Great investment
- Passive investment
- Caretaker on site
Description
An investment opportunity in the historic town of Penzance, nestled within the picturesque Penwith district of Cornwall, United Kingdom. Situated on the B3315 road, this estate offers strategic connectivity to Land End and the main A30 trunk road, positioning it as a pivotal hub for businesses seeking access to key transportation routes.
Stable Hobba Industrial Estate, home to a diverse range of marine-related businesses, presents a blend of light industrial and warehouse units. Located in close proximity to Newlyn town centre, in a dynamic residential/industrial area approximately 1.2 miles from Penzance, this estate offers convenience and accessibility to tenants and investors alike.
Units 9 & 17, boasting a combined Gross Internal Area (GIA) of 1,742 sq ft (161 sqm), represent a compelling investment opportunity. Currently leased to Messrs Rushton and Green on a 10-year term from 06.09.2021, the property operates under full tenant repairing terms, generating a rental income of £17,420 p.a. The lease incorporates rent reviews every third year of the term, ensuring alignment with market trends or RPI increases. Additionally, a tenant-only break clause at the fifth year offers flexibility and security for both parties.
Seize the opportunity to invest in these industrial units in Penzance, Cornwall, a historically significant location with promising growth potential. Contact us today to capitalize on this exceptional investment opportunity and secure your stake in the dynamic industrial landscape of Penzance
9 & 17 Stable Hobba, Penzance, Cornwall, TR20
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Penzance Station1.5 miles
About Sandringham Investments, Harrow
1-3 Manor Chambers, Manor Parade, Sheepcote Road , Harrow, HA1 2JNNotes
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