Commercial Property
Car Park Investment, Malpas Road, Truro TR1 1UR
- Truro
- £50,000 - £100,000
- 915 Sq Ft
Property Features
- CAR PARK INVESTMENT
- LET ON A NEW 10-YEAR LEASE
- RETURN OF 5% RISING TO 6%
- GOOD COVENANT STRENGTH
- LOCATED CLOSE TO CITY CENTRE
Property Summary
A rare opportunity to purchase the freehold investment of a car park in Truro. There are 6 spaces on Malpas Road all let to the same tenant on a new 10-year lease. The tenant is SteriPharm (UK) Limited 05544046, a successful company in the pharmaceutical sector.
Full Details
Total Area - 85.0sqm (915sqft)
Number of Spaces - 6
Lease Terms:
Term - 10-Years
Break - End of the 5th Year
Rent - £5,000pa for the first 5-Years; £6,000pa for the second 5-Years
VAT - Not Payable
Agents Notes:
For tax reasons, there are 2 leases, spaces 1-3 on one and 4-6 on the other, these are each to be sold in separate financial years for tax reasons, each are to transact at £50,000, the rents for each lease are £2,500pa rising to £3,000pa.
More Information
- Make Enquiry
- Call 07866 584118