Small City centre retail investment sold at Truro
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Written by Peter Heather
Thursday, 03 January 2008
 The freehold interest in Units 2, 3, 4 & 5 St Mary’s Street Mews, Truro has been sold to a local investor, reports Peter Heather, Partner of Miller Commercial Chartered Surveyors in Truro.

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