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Retail/Shop

Retail/Shop For Sale Penzance

PROPERTY ID: 150913

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

2,048 sq.ft

Key Features

Situated just off Market Jew Street
Investment opportunity comprising two adjoining properties
Yield of 9.54% after standard purchasers costs
Lease to Seasalt Ltd expires 29th July 2028
Rental income £22,000 per annum
Longer term development potential subject to consents where required

Property Details

Penzance has easy access to the road network via the main A30 trunk road that runs adjacent to the town and connects with the M5 at Exeter. The National rail network via the station located nearby runs directly through to London Paddington on a daily basis. Penzance is well known as the retail and administrative capital for the most western part of Cornwall. In recent years Penzance has featured in the national press as one of the "best places to live in the UK" , reports often highlighting the mix of shops, seafront and artistic scene amongst its attributes.

Period Freehold Premises Formed From Two Adjoining Terraced Properties, Both With Retail Accommodation On The Ground Floor And Ancillary On The Upper Parts. In Addition To The Retail Ground Floor, Number 1 Has A Basement Area, Staff Welfare And Office On The First Floor And Stores Above On A Second Floor.

Number 3 Adelaide Street Has Ground Floor Retail Floorspace And An Attractive Open Plan Stores/ Ancillary Area To The First Floor.

The Premises Have Been In Retail Use For Many Years And Renowned As The First Seasalt Shop Est. In 1981.
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About the Agent

Vickery Holman

See Agent's Other Properties

Retail Unit

£225,000 Freehold

1-3 Adelaide Street, Penzance, TR18 2ES
Retail/Shop - Available
2,048 sq ft
190 sqm
Show phone number

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