Available
Camborne – Retail Shop
22A Commercial Street, Camborne, Cornwall, TR14 8JYVirtual Freehold Retail Investment
Price
£70,000
Rent P.A.
£7,020
Yield
10.02%
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
5y 4m
Area
848 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises mid-terrace ground floor shop
- Roof repair works carried out in 2020
- Nearby occupiers include Costcutter, WHSmith, Santander, Shoe Zone and a Lloyds Bank.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace ground floor shop with benefit of a rear access and providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, Storage, Kitchenette, WC
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, Storage, Kitchenette, WC
Tenancy Description
The shop is at present let to an Individual for a term of 6 Years and 11 Months from 19th June 2023 at a current rent of £7,020 p.a. Open market rent review in September 2025 and 2028. No breaks. Deposit held of £1,140.
Tenure:
Long leasehold. To be held on a 999 years lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 years lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Located at the junction with Church Street in this town centre position, amongst such multiples as Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Camborne lies midway between Newquay and Penzance on the A30 some 3 miles west of Redruth and benefits from good transport links via Camborne Railway Station.