Overview

• PURPOSE BUILT OFFICE INVESTMENT
• PRODUCING £31,000 PER ANNUM : NET INITIAL YIELD 8.5% (AFTER 4.25% COSTS)
• ESTABLISHED TRADING ESTATE LOCATION
• 2 LEASES EXPIRING IN 2028 AND 2031
• ENERGY PERFORMANCE CERTIFICATE: C (63) EXPIRING FEB 2035
• THIS PROPERTY IS VAT ELECTED

The premises comprise a purpose built two storey office building which is approximately 20 years old and is completed to a very good specification. The building is situated in a cul-de-sac position on a spacious site with good parking. The ground and first floors are let separately and produce an income of £25,500 per annum.

The Ground Floor is let to Five Rivers Child Care Ltd (Established 2001) for a term expiring in Feb 2028 at a passing rental of £16,000 per annum. They have occupied the building since March 2012.
The first floor is let to IT company N.Boro Ltd for a lease expiring in March 2031 at an annual rental of £15,000 per annum with a tenant only break in March 2028.
Both leases are on proportional full repairing terms with external repairs being covered by way of a service charge.

Situated approximately 4 miles from Truro City Centre and 2 miles from the A30 trunk road at Chiverton Cross, thereby well located for business throughout mid and west Cornwall. The Cathedral City of Truro is the principal administrative Centre for Cornwall with many national and independent retailers represented in the City Centre and environs. Truro combines retail, industrial, tourism and leisure within its economy and lies 6 miles from the A30 trunk road.