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Land at rear of 90-93 Market Jew Street, Penzance, Cornwall, TR18

£25,000

£19.13 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

1,307 sq ft

121 sq m

SECTOR

Land for sale

Key features

  • Rental Income: £2,000 p.a.
  • Gross Initial Yield: 8.00%
  • Comprises plot of land with single storey electricity substation
  • Let until March 2098. No breaks.

Description

Investment Consideration:
Gross Initial Yield: 8.00%
Rental Income: £2,000 p.a.
Let until March 2098. No breaks.
VAT is NOT applicable to this property
Comprises plot of land with single storey electricity substation
Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.

Property Description:
Comprises plot of land situated behind 90-93 Market Jew Street. The land includes single storey electricity substation which has been let on long lease.

Tenancy:
The electricity substation is at present let to Charville Estates (Penzance) Limited for a term of 99 Years from 25th March 1999 at a current rent of £2,000 p.a. and the lease contains full repairing and insuring covenants. Reversion 2098.

Location:
Penzance is a market town and a well established tourist centre on the Cornish Peninsular. The town is bordered to the north and east by the A30, a key arterial route through the South-West of England providing direct access to the M5 Motorway and A303. Penzance rail station is within 265 metres of the property providing direct services to London Paddington, Bristol and Exeter. The property is situated and the rear of 90-93 Market Jew Street. Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.

Brochures

Land at rear of 90-93 Market Jew Street, Penzance, Cornwall, TR18

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Penzance Station0.1 miles
  • St. Erth Station5.3 miles
  • Lelant Saltings Station5.7 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference landatmarketjew. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

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