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Office Investment, Park House, Threemilestone Trading Estate, Truro

£350,000

£158.30 per sq ft

Business rates & charges may apply

Miller Commercial, Commercial Agency
SIZE AVAILABLE

2,211 sq ft

205 sq m

SECTOR

Commercial development for sale

Floorplan
1

Key features

  • PURPOSE BUILT OFFICE INVESTMENT
  • PRODUCING £31,000 PER ANNUM : NET INITIAL YIELD 8.5% (AFTER 4.25% COSTS)
  • ESTABLISHED TRADING ESTATE LOCATION
  • 2 LEASES EXPIRING IN 2028 AND 2031
  • ENERGY PERFORMANCE CERTIFICATE: C (63) EXPIRING FEB 2035
  • THIS PROPERTY IS VAT ELECTED

Description

The premises comprise a purpose built two storey office building which is approximately 20 years old and is completed to a very good specification. The building is situated in a cul-de-sac position on a spacious site with good parking. The ground and first floors are let separately and produce an income of £25,500 per annum. The Ground Floor is let to Five Rivers Child Care Ltd (Established 2001) for a term expiring in Feb 2028 at a passing rental of £16,000 per annum. They have occupied the building since March 2012. The first floor is let to IT company N.Boro Ltd for a lease expiring in March 2031 at an annual rental of £15,000 per annum with a tenant only break in March 2028. Both leases are on proportional full repairing terms with external repairs being covered by way of a service charge.

Brochures

Office Investment, Park House, Threemilestone Trading Estate, Truro

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Truro Station2.6 miles
  • Perranwell Station3.3 miles
  • Redruth Station5.0 miles

About Miller Commercial, Commercial Agency

Mansion House Princes Street, Truro, TR1 2RF

Chartered Surveyors and Business Property Specialists

As Chartered Surveyors and Business Property Specialists we offer market leading services across Cornwall, the wider South West and the UK as a whole. We specialise in investment and development, sales and acquisitions, business transfer, valuation and lease consultancy, property management, leasing and letting.

Retained Clients

A significant number of high worth individuals retain our services ready to invest when the right opportunity occurs. Most are looking for £1m+ investments putting us in an advantageous position when we are instructed by those keen to sell high end commercial properties, businesses, and development opportunities across the South West.

Expertise & Market Knowledge

Clients are attracted by our breadth of experience, depth of knowledge, and the sheer number of transactions we successfully conclude across all commercial property sectors at all price points. Our Partners lead a growing and dedicated team of professionals and support staff who are loyal to the business. We all strive to deliver the best advice, client care and market intelligence, and of course, knowledge. Miller Commercial complies with the Royal Institution of Chartered Surveyors Rules of Conduct, Manual of Estate Agency and Practice and, in addition, operates its own Quality Assurance procedures.

Multi-Disciplines

Our dynamic multi-disciplinary business model of specialist departments enables us to respond promptly to clients' needs and ensures we offer them the very best advice and service.

Award Winning

In August 2020 Estates Gazette awarded us the accolade of ‘Cornwall’s Most Active Agent’ for a remarkable 10th successive year.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 9027. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Commercial, Commercial Agency. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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