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