Available
Camborne – Barber Shop & 2 Flats
74,74A,74B Trelowarren Street, Camborne, Cornwall TR14 8AHFreehold Retail & Residential Investment
Price
£210,000
Rent P.A.
£22,260
Yield
10.60%
Tenure
Freehold
Lease Term
Holding Over
Area
1,550 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop with 2 self-contained residential flats (1 x 1-bed and 1 x 2 bed)
- Asset management opportunity
- Both residential tenants have been in occupation for more than 1 year and currently on renewal AST
- Situated within short walk from Tesco Superstore and within 0.4 miles from Camborne Train Station.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Mid-terrace building comprising ground floor commercial unit t/a barber shop, 1-bedroom residential flat at rear ground floor and 2-bedroom maisonette at first floor, providing the following accommodation and dimensions:
Ground Floor: Retail Shop t/a Barbers 43 sq m (463 sq ft)
Rear Ground Floor: Flat 74B 34 sq m (366 sq ft)
1 Bedroom, Kitchen/Living Room, Shower
First Floor: Flat 74A 67 sq m (721 sq ft)
2 Bedrooms, Kitchen/Dining Room, Living Room, Shower
Ground Floor: Retail Shop t/a Barbers 43 sq m (463 sq ft)
Rear Ground Floor: Flat 74B 34 sq m (366 sq ft)
1 Bedroom, Kitchen/Living Room, Shower
First Floor: Flat 74A 67 sq m (721 sq ft)
2 Bedrooms, Kitchen/Dining Room, Living Room, Shower
Tenancy Description
The retail shop is at present holding over on an FRI lease at a current rent of £6,000 p.a.
Flat 74A is at present let on AST to an Individual for a term of 12 Months from 18th January 2024 at a current rent of £8,760 p.a. Deposit held of £625.
Flat 74B is at present let on AST to an Individual for a term of 12 Months from 14th December 2023 at a current rent of £7,500 p.a. Deposit held of £650.
Both residential tenants have been in occupation for more than 1 year and currently on renewal AST.
Flat 74A is at present let on AST to an Individual for a term of 12 Months from 18th January 2024 at a current rent of £8,760 p.a. Deposit held of £625.
Flat 74B is at present let on AST to an Individual for a term of 12 Months from 14th December 2023 at a current rent of £7,500 p.a. Deposit held of £650.
Both residential tenants have been in occupation for more than 1 year and currently on renewal AST.
Tenancies & Accommodation
Location Description
Camborne is a town in Cornwall, England, United Kingdom. The property is situated on the main high street, within short walk from Tesco Superstore and within 0.4 miles from Camborne Train Station. Retail occupiers nearby include Poundstretcher, Peacocks, WH Smith, Superdrug, Costa, Specsavers, TUI, The Works, Santander, Halifax, Iceland and more.
