Commercial Property

Car Park Investment, Malpas Road, Truro TR1 1UR

  • Truro
  • £45,000 - £90,000
  • 915 Sq Ft

Property Features

  • CAR PARK INVESTMENT
  • LET ON A NEW 10-YEAR LEASE
  • RETURN OF 5.6% RISING TO 6.7%
  • 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 £45,000, the rents for each lease are £2,500pa rising to £3,000pa.

More Information

  • Make Enquiry
  • Call 07866 584118