Mixed Investment sold in St Columb
Written by Theresa Tyack Friday, 07 May 2010 10:07
We have sold to a private investor, premises located centrally within St Columb Major at 60 Fore Street.
The building includes a ground floor shop let to Cornwall Hospice Care, together with the ground rents of four flats above. The building currently produces an income of £8,800 p.a.x. and was sold off an asking price of £95,000 to a local buyer.
Mike Nightingale, Partner reports "Our agency department is experiencing strong interest in investment premises, with commercial property such as that at St Columb, proving to be a good return. This particular investment produced a return of just over 9%, having taken into account initial purchase costs of 2.5%. With interest rates remaining low it is difficult to obtain similar returns from other traditional forms of investment".
For full details contact Mike Nightingale on 01872 247008 
View Property Details
33 Killigrew Street, Falmouth
This is a rare opportunity to acquire the freehold of a well-located lock-up shop unit at 33 Killigrew Street on The Moor at Falmouth. The premises offer 575 sq ft and would suit either an owner-occupier or a shrewd investor and are available immediately. If an investment purchase is sought after, it is considered that on a leasehold basis there would be reasonable demand for the unit and it would probably achieve an annual rent in the region of £9,000. This would be on the basis of a contract offered on proportional, full repairing and insuring terms.
Miller Commercial, Mansion House
Princes Street, Truro, Cornwall, TR1 2RF