Residential Property For Sale River Street, Truro, Cornwall, TR1 2SQ

This property investment is let under a long lease with an unexpired term-over five years with a rental income £46,000 per annum producing a Net Initial Yield of 9.44% (after acquisition costs of 4.8%)r

* Investment Property For Sale In Specialist Trading
* Let On A 16 Year Lease Expiring November 2019
* Annual Rent £46,000.
* Net Initial Yeild Of 9.44%
* Epc Rating - Gr

Truro is connected to the rest of the County via the A30
SITUATION:
Located in the popular trading quarter of River Street in the Cathedral city of Truro
THE PREMISES:
The property forms part of a terrace of retail units along River Street and comprises of a ground floor retail unit with store and WC. Independent access from the rear of the property leads to the first floor flat
SCHEDULE OF ACCOMMODATION:
All areas are approximate
RETAIL UNIT:
Gross frontage: 6.2M
Net internal width: 6.02M max
Shop depth: 13.47M
Retail Area 75 Sq M (807 Sq Ft)
Store 164 sqft (15.32 sqm)
FIRST FLOOR FLAT:
482 Sq Ft (44.8 Sq M)
Accommodation includes kitchen/diner
LEASE TERMS:
The premises is let to Du Barry (SW) Limited on a 16 year full repair and insuring lease from 28th November 2003 (expiring November 2019) subject to three yearly rent reviews. The rent is £46
PRICE:
£465
LEGAL COSTS:
Each party is to bear their own costs in relation to this transaction.
LOCAL AUTHORITY:
Cornwall Council
General Enquiries -------------
Planning -------------
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ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Rating for this property is within Band G.
BUSINESS RATES:
We refer you to the valuation office website ---.---.---.-- or call -------------
SERVICES:
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: ------
South West Water: ------
Transco: ------SUPERFAST BROADBAND:
For more information on whether the premises are capable of benefitting from the new high speed fibre-based broadband connection visit http://---.-----------------.---/.
VALUE ADDED TAX:
All the above prices/rentals are quoted exclusive of VAT
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