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Office For Sale Church Street, Falmouth, Cornwall, TR11 3DS

  • Size:
    Undisclosed
  • Usage:
    B1
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Offices
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

A commercial multi let investment in the heart of Falmouth. The property comprises a ground floor retail unit with offices on the first and second floor. Fully let, the property has a rent roll of £39,600 pa, which will increase to a minimum of £41,600 over the next two years representing an attractive Net Initial Yield of 7.05% after costs. Located in the heart of Falmouth town centre, the property commands an enviable position, overlooking the harbour and located adjacent to the largest town centre car park at Fish Strand Quay. The retail unit and upper floor offices benefit from wonderful views out across the harbour and over the Carrick Roads towards Flushing and St Mawes. Falmouth town centre has a growing reputation for attracting a wide and interesting retail mix with an abundance of bars and restaurants and a host of independent retailers and art galleries as well as many of the high street brands. Falmouth has become well known for its flourishing university campus that brings a large student population to the town centre.r

* Investment For Sale
* Falmouth Town Centre
* Fully Let Retail Unit With Offices On Upper Floors
* Current Income Of £39,600 Pa
* Increasing To Minimum Of £41,600 Pa Over Next 2 Ye
* Attractive Net Initial Yield Of 7.05% After Costsr

DESCRIPTION:
The property comprises a retail unit on the ground floor
SCHEDULE OF AREAS:
The property comprises the following net internal floor areas:
Ground floor retail - 535 sq ft (49.75 sq m) / 391 sq ft ITZA
Basement store - 113 sq ft (10.5 sq m)
First floor office - 239 sq ft (22.5 sq m)
First floor office - 243 sq ft (22.5 sq m)
Second floor office - 252 sq ft (23.4 Sq m)
Second floor office - 185 sq ft (17.2 Sq m)
TOTAL - 1
INVESTMENT DETAILS:
We are offering the freehold interest
LEASE DETAILS:
The property is fully let on proportional FRI leases and each lease is subject to a service charge which covers external maintenance and repair and the internal repair
LEGAL COSTS:
Each party to bear their own costs incurred in the transaction.
VAT:
The property is elected for VAT and as such
EPC:
The Energy Performance Rating for this property is E - 115.
CONTACT INFORMATION:
For further information and to arrange a viewing please contact sole agents
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold

Located in the heart of Falmouth town centre

 

Contact Miller Commercial

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