Investment, Light Industrial

Unit 3, Cathedral Compound, Heron Way, Truro TR1 2XN

  • Truro
  • £350,000
  • 992 Sq Ft

Property Features

  • INDUSTRIAL INVESTMENT OPPORTUNITY
  • ESTABLISHED TRADING LOCATION
  • BENEFITS FROM YARD & 5 PARKING SPACES
  • SPACIOUS & WELL LIT
  • ENERGY PERFORMANCE RATING (E)

Property Summary

A well-situated industrial investment in Newham Business Quarter, in central Truro. The unit benefits from 5 parking spaces, a yard, and a six year lease, expiring 15/10/2026, with a rent in years 1-3 of £15,900pa and years 4-6 of £16,500pa.

Full Details

Accommodation:

Total GIA - 92.2sqm (992sqft)

Availability:

The premises is being sold as an investment, with the benefit of a 6-year lease that commenced 16th October 2020.

Lease Terms:

There is a Full Repairing and Insuring 6-year lease in place, expiring 15th October 2026. The first 3 years' passing rent is £15,900pa, with years 4-6 passing rent £16,500pa. There is a tenant break clause at the end of the 3rd year, operable upon 6-months' prior written notice.

Service Charge/Insurance:

There is an annual contribution from the tenant of £200 to contribute towards the estate maintenance. The annual buildings insurance is £389pa.

Tenant:

The tenant, Star Engineering Ltd, continues to trade well in the current market conditions.

https://www.star-international.co.uk/
https://find-and-update.company-information.service.gov.uk/company/05607391

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
  • Floorplan
  • View EPC
  • Call 07866 584118