Unit 1-3 Pydar Street, Truro
Size
35,790
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Three Retail Units and Upper Parts
- Fully Let to Three Tenants
- Let to Poundstretcher, HMV and Sports Direct
- WAULT of Approx. 2.5 Years to Expiry
- Asset Management Potential
- Prime Pedestrianised Pitch
- 35,790 sq ft (3,325 sq m)
- Guide Price Reflects a Low £35 per sq ft
- Investment Let at £208,053 p.a. (17.3% GIY on Guide Price
Description
Arranged as three retail units and upper parts, the property is fully let to three tenants and producing a total rent of £208,053 per annum.
Unit 1 is let to Poundstretcher on a five year lease expiring 05.01.2030 and paying £68,053 per annum.
Unit 2 is let to HMV on a five year lease expiring 31.03.2028 and paying £50,000 per annum. The current lease is a renewal of a previous lease.
Unit 3 is let to Sports Direct on a five year lease expiring 09.05.2028 and paying £90,000 per annum. The tenant has been in occupation since 2002.
The property occupies a prime pitch fronting the pedestrianised Pydar Street, one of the principal retail streets in the heart of Truro. The street is characterised by national retailers including Boots, TK Maxx, New Look and Pandora.
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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