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UNDER OFFER

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

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

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

Miller Commercial is a General Practice firm of Chartered Surveyors operating out of Mansion House, a mid 18th Century Grade 1 Listed property in the heart of Truro, Cornwall's only City and the Duchy's commercial hub.

The firm is a private partnership born from a Hambro Countrywide management buy-out in 1994, with 3 Partners and 12 additional fee earners. Miller Commercial is the largest commercial firm of Chartered Surveyors in the county and operates throughout Cornwall and West Devon.

Notes

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