Investment, Retail Property (high street)

Unit 1, Highshore House, New Bridge Street, Truro TR1 2AA

  • Truro
  • £165,000
  • 593 Sq Ft

Property Features

  • RETAIL INVESTMENT OPPORTUNITY
  • PROMINENT, CITY CENTRE PREMISES
  • RECENTLY REFURBISHED BUILDING
  • RETURN CORNER FRONTAGE
  • ENERGY PERFORMANCE RATING (C)

Property Summary

Investment opportunity for a well-situated and prominent retail unit with corner frontage, located within the specialist trading quarter of New Bridge Street, Truro. The unit is relatively modern and regular in shape.

Full Details

Accommodation:

Ground Floor Dimensions - 10.6m D x 5.4m W
Ground Floor Total - 55.1sqm (593sqft)

Availability:

The premises is being sold as a 999-year virtual freehold investment, with the benefit of a new 10-year lease.

Lease Terms:

There is a new Full Repairing and Insuring 10-year lease in place, with a commencing rent of £12,000pa, which reflects a gross yield of 7.3%. The lease includes a 5-year rent review and 5-year tenant break clause, which is operable upon 6-months' prior written notice.

Tenant:

The tenant, Cashbrokers (Grantham) Ltd, continues to trade well in the current market conditions, with 3 successful retail locations in the South West.

http://cashbrokers.co.uk/
https://find-and-update.company-information.service.gov.uk/company/06889637

Viewings:

The shop is open and trading, so interested parties are welcome to walk in. A more formal inspection can be arranged via Redgrave Commercial.

More Information

  • Make Enquiry
  • View EPC
  • Call 07866 584118