Overview

• MIXED INVESTMENT
• LOCATED ON ONE OF PENZANCE’S MOST HISTORIC STREETS
• X1 GROUND FLOOR COMMERCIAL UNIT X2 RESIDENTIAL UNITS
• GENERATING £47,100 PER ANNUM
• NET INITIAL YIELD OF 9.09%
• ENERGY PERFORMANCE ASSET RATING ‘C’ (62)

A well presented mixed investment in the heart of Penzance generating £47,100 per annum. Representing a net initial yield of 9.09%, allowing for purchasers’ costs of 4.68%, this is a wonderful opportunity to acquire a well maintained ready to go investment. Our client has maintained the property well during their ownership, with the roof recently being replaced.

Chapel St is one of the most historic streets in Penzance, with various independent retailers, the famous Egyptian House and only moments from the main shopping streets of Market Jew St and Causewayhead. Penzance itself is well served by the A30 through Cornwall, as well as the mainline rail station with routes to Truro, Exeter, Bristol and London Paddington.