| Small City centre retail investment sold at Truro |
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| Written by Peter Heather | |
| Thursday, 03 January 2008 | |
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The popular city centre retail development is sandwiched between Old & New Bridge Streetwith access both from St Mary’s St and the Shoppers Car Park. The property interest was somewhat unusual in that the income is receivable from 4 independent long leasehold interests, with about 120 years unexpired, producing a total rental of £4,800 p.a. Peter Heather reports, ‘The ground rent investment sale shows a net initial yield of circa 5.25%, with the property having been sold off an asking price of £90,000’. FOR FULL DETAILS CONTACT PETER HEATHER AT MILLER COMMERCIAL TRURO ON 01872 247007 |
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