Nationwide, Unit 4, Pydar Street, Truro
Size
3,476
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to Nationwide
- Recently Renewed Five Year Lease
- Lease Expiring 23.11.2029
- HoTs Agreed for 5 Year Reversionary Lease to 23.11.2034
- Tenant in Occupation for 25 Years
- 3,476 sq ft (322.92 sq m)
- Eight Week Completion Available
- Investment Let at £56,000 p.a. (12.4% GIY on Guide Price)
Description
Arranged as a ground floor retail unit and associated upper parts, the property is fully let to Nationwide, a longstanding occupier of 25 years, on a recently renewed five year lease expiring 23.11.2029 and paying £56,000 per annum.
Heads of Terms are agreed for a five year reversionary lease, to commence at the expiry of the current lease, therefore extending the term to expire 23.11.2034. Please refer to the Legal Pack.
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.
- Service charge
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- Business rates
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- Use class
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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
Unclassified
- Environmental description
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Brochure
Nationwide, Unit 4, Pydar Street, Truro
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