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A substantial investment property comprising a ground floor retail unit together with four flats above. The building which is Grade II Listed is located on The Green Market and has frontage to Union Street where there is a public car park which has 43 spaces. The investment currently produces an income of £41,100 per annum and is being offered at a price of £450,000. The ground floor trades as PRH Estate Agents and the flats above include 3 one bed flats and a large duplex two bed flat.r
* Substantial Mixed Grade Ii Listed Investment
* Ground Floor Shop And 4 Flats
* Currently Producing £41,100 Per Annum
* Internal Inspections Recommended
* Epc - Flats - Band C/D Shop - Applied Forr
A three/four storey building of traditional granite construction with a pitched slated roof. The ground floor is occupied as an estate agents and there are four flats above accessed to the rear off Buriton Row.
Ground Floor Retail Premises - 72.9 sq.m (785 sq.ft)
First Floor - Flat 1 - one bed; Flat 2 - one bed.
Second Floor Flat 3 -one bed
Second/Third Floor - Flat 3 - two bed - this is spread over two floors
Floors plans are available.
The property is held freehold and is sold subject to and with the benefit of the following lease/tenancies:-
Ground Floor - a 20 year proportional full repairing and insuring lease from July 2009 at a passing rental of £16
Each party to bear their own.
VALUE ADDED TAX:
This property is not registered for VAT.
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Ratings for this property are as follows:-
Ground Floor - Band D (85)
Flat 1 Band D (62)
Flat 2 Band C (74)
Flat 3 Band D (63)
Flat 4 Band D (61)
For further information or an appointment to view please contact either:-
Mike Nightingale on ------or via email [email protected] or
Thomas Hewitt on ------or via email [email protected] or
Joint Agent PRH Estate Agents - Lowena Greaves on ------or via email [email protected]
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
Penzance is the principal administrative and shopping centre of West Cornwall and is also an important focus for tourism. In addition to providing for the food shopping needs for the local population