Freehold Commercial Investment Property, 7 Penryn Street, Redruth, Cornwall, TR15 2SP
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Freehold Commercial Investment Property
- Commercial Let Producing £7,200 pa
- 2 Bed Flat Let Producing £10,200 pa
- Total Rental Income £17,400 pa (9.2% ROI)
Description
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
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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- Business for sale
- Yes
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Freehold Commercial Investment Property, 7 Penryn Street, Redruth, Cornwall, TR15 2SP
About VERITAS BUSINESS SALES LTD, South West
Veritas Business sales boasts over 15 years’ experience in Business sales, Acquisitions, and Commercial property sales. Whether you are selling a coffee shop in the Midlands, Public house in Wales or a Hotel in Cornwall we can help you with your exit strategy. We have a network of Consultants across the UK so choosing an agent that understands your business and the benefits of its location, means we can strategically present your concern to a focused audience.
Please contact us for a free and confidential no obligation valuation at a time and date to suit.
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Disclaimer - Property reference 3081. 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 VERITAS BUSINESS SALES LTD, South West. 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.