Retail/Residential Investment
Retail/Residential Investment
The property is centrally located within Redruth’s pedestrianised town centre in a prominent retail location. Nearby occupiers include Halifax, Wilkinsons, HSBC and British Heart Foundation. There is a public car park to the rear.
Freehold.
The property is centrally located within Redruth’s pedestrianised town centre in a prominent retail location. Nearby occupiers include Halifax, Wilkinsons, HSBC and British Heart Foundation. There is a public car park to the rear.
Freehold.
The property comprises a traditional ground floor retail unit with a 3/4 bedroom self contained maisonette above. To the rear there is a car parking area accessed through the Local Authority owned car park by virtue of an agreement which is determinable at any time by 6 months’ notice. (2)
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a traditional ground floor retail unit with a 3/4 bedroom self contained maisonette above. To the rear there is a car parking area accessed through the Local Authority owned car park by virtue of an agreement which is determinable at any time by 6 months’ notice. (2)
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 121.3 sq m |
(1,306 sq ft) |
THORNES FRUIT & VEG LTD (1) | 10 years from 01/02/2012 until 01/02/2022 | £11,200 | 01/02/2015 and 01/02/2018 |
| First | Residential | Not measured |
Not measured |
INDIVIDUAL | Shorthold Tenancy Agreement | £6,900 | |
| Totals | 121.3 sq m |
(1,306 sq ft) |
£18,100 | ||||
(1) For the year ending 31st December 2013, Thornes Fruit & Veg Ltd reported a turnover of £2,578,342, pre-tax profits of £132,895 and a total net worth of £ 131,207 (Source: www.riskdisk.com 25/04/2014).
(2)A copy of the agreement is annexed to the lease of the ground floor premises.
(3)The tenant’s repairing obligation is subject to a schedule of condition, which is available in the legal pack.
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