Commercial Property

Mistral Investment, 6 River Street, Truro TR1 2SQ

  • Truro
  • £450,000
  • 928 Sq Ft

Property Features

  • RETAIL INVESTMENT OPPORTUNITY
  • GOOD SECONDARY TRADING PITCH
  • PRODUCING £37,500PA - 10-YEAR LEASE
  • GROUND FLOOR ONLY
  • ENERGY PERFORMANCE RATING (F)

Property Summary

Retail investment opportunity in good location. Currently generating £37,500pa and let to Walton Design Ltd (T/as Mistral) on a 10-year lease with expiry 2020. The freehold of the building is available, there are residential units above which are to be retained by the seller on a long-lease basis.

Full Details

Accomnodation:
Retail Area - 74.2sqm (799sqft)
12.2m deep x 6.1m wide (average)

Storage - 12.0sqm (130sqft)

Total - 86.2sqm (928sqft)

Lease Terms:
Term - 10-Years
Passing Rent - £37,500
Commencement - 27th August 2010
Expiry - 26th August 2020
Next Review - 19th August 2020

Tenant:
Walton Design Ltd (T/as Mistral)
CRN - 02235127

Value Added Tax:
The property is opted to tax, so VAT is payable on the purchase price.

The VAT can be recovered and we recommend you seek independent financial advice from an accountant in this regard.

Viewings:
The shop is trading, so open to the public, for a more formal inspection contact Redgrave Commercial.

More Information

  • Make Enquiry
  • View Brochure
  • Call 01872 277314