Freehold Commercial Investment Property, 7 Penryn Street, Redruth, Cornwall, TR15 2SP

Freehold Commercial Property Located In Redruth
With Self Contained Two Bedroom Apartment Above
Flat Available Separate (999 Year Lease £140,000)
Ref 3081

Asking Price: £189,950

Location This Freehold Commercial Retail Property is located in the Cornish town of Redruth. The property is very close to the town centre which offers large blue chip and niche independent retailers. The main trunk road through the county the A30 provides easy access to the picturesque town of St Ives which is approximately (16 miles) away. Truro city centre, is (15 miles) away and the popular holiday village of Portreath is only (4 miles) away. Redruth is also on the main railway line from Paddington to Penzance.

Business Description
Veritas Business Sales are delighted to offer for sale this Freehold Commercial Retail Property which is located in the Cornish town of Redruth. The property has been in the careful hands of our client since 2020 and is now being offered for sale so they can concentrate on their other business interests. The ground floor offers retail space and above you have a newly renovated self contained two-bedroom apartment.

Key Details:
* Freehold of Entire Building: £189,950
* Flat on 999-Year Lease: £140,000
* Rental Income:
* Flat: £850 pcm (£10,200 pa)
* Shop: £600 pcm (£7,200 pa)
* Total Income: £1,450 pcm (£17,400 pa)

Ground Floor
Retail area (8.5m x 4.25.1m)
Storeroom (3.9m x 2.7m)
Toilet (2.7m x 2.8m)

First Floor
Bedroom 1 (4.1m x 2.4m) Kitchen (3.1m x 3.1m) Lounge (4.2m x 3.5m)

Second Floor
Bathroom (4.8 x 1.6m)
Bedroom 2 (5.8 x 3.8)

External
Rear Yard

Please note that the shop was fully renovated in 2024 to include brand new windows, a full new electrical installation, the flat roof at the rear has also been renewed.

EPC Rating C