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High street retail property for sale

1-3 Adelaide Street, Penzance, Cornwall, TR18 2ES

Guide Price
£225,000

£109.86 per sq ft

Business rates & charges may apply

Vickery Holman, Truro
SIZE AVAILABLE

2,048 sq ft

190 sq m

SECTOR

High street retail property for sale

Key features

  • Situated just off Market Jew Street
  • Investment opportunity comprising two adjoining properties
  • Yield of 9.54% after standard purchasers costs
  • Lease to Seasalt Ltd expires 29th July 2028
  • Rental income £22,000 per annum
  • Longer term development potential subject to consents where required

Description

Period freehold premises formed from two adjoining terraced properties, both with retail accommodation on the ground floor and ancillary on the upper parts. In addition to the retail ground floor, Number 1 has a basement area, staff welfare and office on the first floor and stores above on a second floor.

Number 3 Adelaide Street has ground floor retail floorspace and an attractive open plan stores/ ancillary area to the first floor.

The premises have been in retail use for many years and renowned as the first Seasalt shop est. in 1981.

Brochures

1-3 Adelaide Street, Penzance, Cornwall, TR18 2ES

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 Vickery Holman, Truro

Walsingham House Newham Road, Truro, TR1 2DP

Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).

Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

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