City Centre investment property
Written by Theresa Tyack Friday, 05 March 2010 10:35
A substantial and modern investment property known as Stephenson House on Calenick Street, situated in the centre of Truro has now become available. It offers a ground floor restaurant, currently trading as the Zen Noodle Bar, whilst the 1st and 2nd floors provide offices and studios. The property is approximately 7 years old, with just over 2,000 sq ft on the ground floor and 2,200 sq ft on the 1st and 2nd floors. (The businesses are not affected)
The entire revenue currently generated is £103,500 p.a. which, after allowing for normal costs, allows the investment to produce a net initial yield of approximately 7.8%.
Offers are invited for Stephenson House off a freehold guide price of £1.25 million.
Terry Trevarthen comments, "It is not often we bring such a substantial, modern, investment property located in Truro's city centre to the market and we expect strong enquiries. Given the current rates of interest being offered by Banks and Building Societies the return on this investment looks attractive, added to which there is always the possibility of capital appreciation to follow".
For full details contact Terry Trevarthen on 01872 247004
Unit 2 West End Industrial Estate, Penryn
Just come to the market is Unit 2, West End Industrial Estate on the edge of Penryn's town centre. The premises provide a show room area of 296 sq ft with further workshop/storage space of 918 sq ft to the rear. A small yard area is also included and the unit is located within an established industrial setting. It benefits from easy access to the nearby A39 and A394.
Miller Commercial, Mansion House
Princes Street, Truro, Cornwall, TR1 2RF