Overview

• MIXED INVESTMENT PREMISES
• PROMINENT LOCATION IN CENTRAL REDRUTH
• THREE RETAIL SHOPS AND NINE FLATS
• ANNUAL RENT OF £91,140
• NET INITIAL YIELD OF 9.59%
• ENERGY PERFORMANCE CERTICATES AVAIALBLE

A high yielding multi-let investment in Redruth comprising three ground floor shops with seven studio and two one bedroomed flats above which are accessed separately. Full leases are available on request and our clients have recently repaired the roof, decorated the exterior and in all it presents very handsomely.

The flats are all let on ASTs. The commercial units are as follows:

Unit 1: 5 year lease expiring 30 April 2029 at at a passing rent rent of £6,000 plus VAT
Unit 2: 5 year lease expiring 31 January 2028 at a passing rent of £7,200 plus VAT
Unit 3: 5 year lease expired on 31 January 2026 at a passing rent of £7,500 plus VAT

Located in a prominent position on the corner of Fore St and Penryn St in Redruth. Redruth is a historic mining town in central Cornwall with a population of some 16,000. Recent investment into the Butter Market alongside numerous independent and national retailers have turned Redruth into a bustling town with plenty to offer.