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This is a rare opportunity to purchase a freehold high yielding office investment in the prestigious Lemon Street area in Truro city centre. The building saw two Centuries of Medical Practice, from 1806, and it is probably the first time of being SOLD since it was built over 200 years ago. The property is currently let on flexible terms with some tenants benefitting from Security of Tenure and others not. The property is likely to appeal to an investor or part owner occupier and offers an asset management opportunity. Current Net Yield circa 9.12% with potential Yield of over 10%.r
* Tender Submission Date 5pm 1st March 2019
* Investment For Sale
* High Yielding City Centre Office Investment
* Attractive Grade Ii Listed Period Property
* Provides 4063 Sq Ft Of Good Quality Office Accommo
* Passing Net Income Of Circa £45,000
* Potential To Increase This To Circa £50,000
* Potential 10% Return Availabler
The property comprises a 4-storey Grade II listed building.
Internally the office accommodation is arranged over ground
A sale of a multi let office investment.
Average running costs (including Property Management agent costs) of providing landlords services over the last five years
TENURE AND PRICE:
Please see tender form attached to these details. All interested parties are to submit a tender
Each party to bear there own costs.
We refer you to the valuation office website ---.---.---.-- or call -------------.
This property is listed.
The current EPC for the building is rated as a E with a specific score of 112
We are advised that the property is not elected VAT.
For further information or an appointment to view please contact:
Peter Heater on [email protected] OR
Thomas Hewitt [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
Truro is Cornwall's principal business