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
29 River Street, Truro
On behalf of private clients, we have been instructed to market the former Casa Fina retail premises on River Street, Truro. The building is Grade II Listed and is attractively faced with cut, local stone. It benefits from having a double fronted window display with an additional return frontage on the side footway leading to Pydar Mews which offers yet further window space.
Miller Commercial, Mansion House
Princes Street, Truro, Cornwall, TR1 2RF