- 2,701 Sq Ft
- MIXED INVESTMENT OPPORTUNITY
- PRIME SEASIDE VILLAGE LOCATION
- ANNUAL INCOME £33,600
- GROSS YIELD 7.5%
- ENERGY PERFORMANCE RATING (D)
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 - with a new 10 year lease. All producing a Gross Yield of 7.5%.
A separate lock up shop (former fish and chip shop) is also available as a separate Freehold investment.
Ground Floor Shop :
Retail Sales Area - 56.7sqm (611sqft)
Store Room - 53.4sqm (575sqft)
Overall GIA - 110.2sqm (1,186sqft)
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
Lock Up Shop: ERV - £3,600pa - Currently vacant
Total ERV - £33,600pa
Reflecting a Gross Yield of 7.5%
Lock Up Shop:
Overall GIA - 16.7sqm (180sqft)
A separate Lock Up Shop (former fish and chip shop) is available as a Freehold investment.
Freehold offers are welcomed in the region of £50,000 (guide price) - please note that the lock up shop must be purchased within 2-years if acquired by the main mixed investment buyer.
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.