Investment

Porthtowan Village Stores, Beach Road, Porthtowan TR4 8AD

  • Porthtowan
  • £420,000
  • 2,701 Sq Ft

Property Features

  • INVESTMENT OPPORTUNITY
  • PRIME SEASIDE VILLAGE LOCATION
  • ANNUAL INCOME £30,000
  • GROSS YIELD 7.2%
  • ENERGY PERFORMANCE RATING (D)

Property Summary

An ideal opportunity has arisen to purchase the Freehold of a long established business in the heart of Porthtowan. The village store is an integral part of the community and comes complete with a separate flat - which benefits from a new 10 year lease. All producing a Gross Yield of 7.2%.

 

 

Full Details

Accommodation:
Ground Floor Shop :
Retail Sales Area - 56.7sqm (611sqft)
Store Room - 53.4sqm (575sqft)
Overall GIA - 110.2sqm (1,186sqft)

Flat :
First Floor - 109.5sqm (1,179sqft)
Attic - 14.5sqm (156sqft)
Overall GIA - 124.1sqm (1,335sqft)

Total GIA - 250sqm (2,701sqft)

Schedule Of Tenancies:
The premises are offered with the following:

Porthtowan Village Stores and Flat: Rent - £30,000, 10-Year Term, Expiry 15/02/2027

Total ERV - £30,000pa
Reflecting a Gross Yield of 7.2%

Viewings:
Interested parties are encouraged to inspect as a customer in the first instance. If a more formal appointment or meeting with the client is required, this can be arranged via Redgrave Commercial.

More Information

  • Make Enquiry
  • Call 01872 277314