Retail Property (high street)
- 557 Sq Ft
- RETAIL INVESTMENT OPPORTUNITY
- SPECIALIST TRADING QUARTER
- PRODUCING £9,600PA
- NEW 15-YEAR LEASE
- ENERGY PERFORMANCE RATING (E)
A rare opportunity to acquire a very clean ground floor retail investment within the popular location of Chapel Street in Penzance. The unit is let on a new 15-Year lease at an annual rent of £9,600pa. The freehold is offered with the flat above retained on a long lease.
Net Internal Depth – 7.8m
Net Internal Width – 6.7m
Net Internal Area – 51.8sqm (557sqft)
The Freehold is offered, the first floor flat is to be retained by the seller under a 999-year lease with a ground rent of £100pa.
The Ground Floor is occupied under a new 15-Year Proportional Full Repairing and Insuring Lease at a commencing rent of £9,600pa with 3-yearly rent reviews.
As the shop is trading, interested parties are welcome to help themselves to look at the unit, if a more formal inspection is required this can be arranged via Redgrave Commercial.