Office For Sale Commercial Road, Penryn, TR10 8AE

MULTI LET INVESTMENT opportunity comprising 12 FULLY LET studios and offices as well as a gallery and shared working area all set within a WATERSIDE location, fronting the Penryn River. A former warehouse that has been substantially modernised to create a vibrant and dynamic hub of artists and designers. The property provides a GROSS INCOME OF £47,008 PA, providing a return of approximately 7% with opportunities to improve the return as the gallery is under rented.r

* Multi Let Investment
* Annual Gross Income Of £47,008 Pa
* Opportunity To Improve Rent Return
* Waterside Property Fronting The Penryn River
* Fully Let To A Range Of Creative Occupiers Includi
* Epc Rating D (92)r

DESCRIPTION:
Grays Wharf has a long standing industrial heritage and its origins as a warehouse on the bank of the Penryn River has been witness to a gradual shift away from industrial uses and commercial trade to a far more contemporary
TENURE:
The property is to be sold freehold
INCOME:
The property currently provides an income of £47
ASKING PRICE:
The property is available for sale at a price of £675
SERVICE CHARGE:
There is a service charge for the building that covers insurance
BUSINESS RATES:
Each of the studios as well as the gallery are independently rated and we understand all currently benefit from small business rates relief. We refer you to the government website for further information.
LEGAL COSTS:
Both parties to be responsible for their own legal costs in association with this transaction.
EPC:
The Property has an EPC Rating of D (92).
VAT:
All the above prices/rentals are quoted exclusive of VAT. To confirm there is NO VAT on the rents or on the purchase price.
CONTACT INFORMATION:
For further information or an appointment to view please contact either:-
Tom Smith or via email or
Will Duckworth or via email
VIEWING:
Strictly by prior appointment through Miller Commercial.
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