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Investment

Investment For Sale Truro

PROPERTY ID: 139382

PROPERTY TYPE

Investment

STATUS

Available

SIZE

2,210 sq.ft

Key Features

PURPOSE BUILT OFFICE INVESTMENT
PRODUCING £31,000 PER ANNUM : NET INITIAL YIELD 8.5% (AFTER 4.25% COSTS)
ESTABLISHED TRADING ESTATE LOCATION
2 LEASES EXPIRING IN 2028 AND 2031
ENERGY PERFORMANCE CERTIFICATE: C (63) EXPIRING FEB 2035
THIS PROPERTY IS VAT ELECTED

Property Details

The Premises Comprise A Purpose Built Two Storey Office Building Which Is Approximately 20 Years Old And Is Completed To A Very Good Specification. The Building Is Situated In A Cul-de-sac Position On A Spacious Site With Good Parking. The Ground And First Floors Are Let Separately And Produce An Income Of £25,500 Per Annum.

the Ground Floor Is Let To Five Rivers Child Care Ltd (established 2001) For A Term Expiring In Feb 2028 At A Passing Rental Of £16,000 Per Annum. They Have Occupied The Building Since March 2012.
the First Floor Is Let To It Company N.boro Ltd For A Lease Expiring In March 2031 At An Annual Rental Of £15,000 Per Annum With A Tenant Only Break In March 2028.
both Leases Are On Proportional Full Repairing Terms With External Repairs Being Covered By Way Of A Service Charge.

About the Agent

Miller Commercial

See Agent's Other Properties

Investment Unit

£350,000 Freehold

Office Investment, Truro, TR4 9LD
Investment - Available
2,210 sq ft
205 sqm
Show phone number

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