1-3 Wendron Street & 2-2A Meneage Street, Helston
£27.62 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,707 sq ft
437 sq m
- SECTOR
Mixed use property for sale
Key features
- High Yielding Retail Investment
- Three Retail Units and Upper Parts
- Let to Three Tenants Including MyDentist
- Corner Unit Vacant - Asset Management Potential Via Letting
- 4,707 sq ft (437.3 sq m)
- ERV Approx. £40,000 per annum
- Investment Let at £20,860 p.a. (16% GIY on Guide Price) plus Vacant Unit
- ERV Reflects 30% Gross Yield on Guide Price
Description
Arranged as three ground floor retail units with further commercial space to the upper parts, the property is part-let to three tenants producing a total rent of £20,860 per annum.
The corner unit to the ground floor was previously let to Betfred but is now vacant, offering evident asset management potential via letting of this space. We understand the unit was previously producing £22,500 per annum and therefore we consider the Estimated Rental Value (ERV) of the property to be in the order of £40,000 per annum when fully let.
The property occupies a prominent corner pitch with frontages to Wendron Street and Meneage Street in the retail heart of Helston. The surrounding area comprises a mix of local and national occupiers.
Brochures
1-3 Wendron Street & 2-2A Meneage Street, Helston
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Camborne Station7.7 miles
Notes
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