Investment, Light Industrial
- 2,569 Sq Ft
- INDUSTRIAL INVESTMENT OPPORTUNITY
- BUSINESS NOT AFFECTED
- LEASE EXPIRY 2026
- PASSING RENT £15,000PA
- ENERGY PERFORMANCE RATING (TBC)
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%.
Main Workshop - 95.8sqm (1,031sqft)
Spray Booth - 25.6sqm (275sqft)
Extension - 45.5sqm (490sqft)
Sub-Total - 166.8sqm (1,796sqft)
Storage/Kitchen/WC - 71.8sqm (773sqft)
Total GIA - 238.7sqm (2,569sqft)
The premises is being sold as an investment with the benefit of a new 6-Year Lease.
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.
There is an annual contribution from the tenant of £100 to contribute towards the estate maintenance. The annual buildings insurance is £350.
The tenant has successfully traded from this location for 10-years and continues to trade well in the current market conditions.
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.