Investment, Light Industrial

Unit 5, Cathedral Compound, Heron Way, Truro TR1 2XN

  • Truro
  • £225,000
  • 2,569 Sq Ft

Property Features

  • INDUSTRIAL INVESTMENT OPPORTUNITY
  • BUSINESS NOT AFFECTED
  • LEASE EXPIRY 2026
  • PASSING RENT £15,000PA
  • ENERGY PERFORMANCE RATING (TBC)

Property Summary

A well situated industrial investment, located in Truro's most central trade park known as the Newham Business Quarter. The opportunity is available with the benefit of a new 6-year lease with expiry 30th September 2026, passing rent of £15,000pa reflecting a yield of 7%.

Full Details

Accommodation:

Ground Floor
Main Workshop - 95.8sqm (1,031sqft)
Spray Booth - 25.6sqm (275sqft)
Extension - 45.5sqm (490sqft)
Sub-Total - 166.8sqm (1,796sqft)

First Floor
Storage/Kitchen/WC - 71.8sqm (773sqft)

Total GIA - 238.7sqm (2,569sqft)

Availability:

The premises is being sold as an investment with the benefit of a new 6-Year Lease.

Lease Terms:

There is a new Full Repairing and Insuring 6-year lease in place with expiry 30th September 2026. The passing rent is £15,000pa and there is a concurrent rent review and tenant break clause at the end of the third year.

Service Charge/Insurance:

There is an annual contribution from the tenant of £100 to contribute towards the estate maintenance. The annual buildings insurance is £350.

Tenant:

The tenant has successfully traded from this location for 10-years and continues to trade well in the current market conditions.

Viewings:

The tenant is currently trading so interested parties are encouraged to undertake a drive-by viewing, should a more formal internal inspection be required, this can be arranged via Redgrave Commercial.

More Information

  • Make Enquiry
  • Call 07866 584118