Retail Property (high street)

14 Chapel Street, Penzance TR18 4AW

  • Penzance
  • £120,000
  • 557 Sq Ft

Property Features

  • RETAIL INVESTMENT OPPORTUNITY
  • SPECIALIST TRADING QUARTER
  • PRODUCING £9,600PA
  • NEW 15-YEAR LEASE
  • ENERGY PERFORMANCE RATING (E)

Property Summary

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.

Full Details

Accommodation:

Net Internal Depth – 7.8m
Net Internal Width – 6.7m
Net Internal Area – 51.8sqm (557sqft)

Tenure:

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.

Lease Information:

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.

Viewings:

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.

More Information

  • Make Enquiry
  • View EPC
  • Call 01872 277314