Investment, 11 River Street, Truro

 The freehold investment interest of this property has been sold off an asking price of £550,000. The property trades as Du Barry, and the business remains completely unaffected by the sale. The lease has five years unexpired, and a sale was sought at around 8% having regard to the passing rental of £46,000 per annum.

The investment market is like no other, and the price achievable depends upon a mix of a number of important factors. These can include the location and condition of the property, the quality of the tenant, in terms of the product and financial stability, the length of the unexpired period of the lease, together with a number of other factors which could relate to longer-term issues such as whether the rent is too high, or too low comparative to the current market conditions. It is also dependent upon the versatility of the property in terms of the general layout, potential liability for repair, payment of rates, and whether the property would lend itself to development in whole or in part.

Ultimately, the yield of an investment comes down to a summary of the issues raised in the preceding paragraph, and the appetite for risk which a potential investor is prepared to take.

Investments therefore come in all shapes and sizes, with some more risky than others, and this is always reflected in the price. We have a number of investment properties both on the market, and off market. For those who wish to explore similar opportunities, please do not hesitate to contact the office. For further details please contact Peter Heather on 01872 247007.

 

New properties

Prominent Retail Premises To Buy / To Rent Fronting The Moor, Falmouth

The property is located within a busy  part of Falmouth on Killigrew Street fronting the Moor. This is a popular secondary retailing location and includes a mix of local and national retail and restaurant occupiers including:- Lloyds Bank, Stratton Creber Estate Agents, The Lounge Cafe Bar, Pennycomequick Public House/Bar, Moor News, The Town Barber, Newells Travel, JD Wetherspoon,  Domino's, Select Convenience Store and KFC.

A large retail unit with ground and  first floor showroom and second floor storage of traditional construction. The premises are capable of subdivision on vertical or horizontal basis (subject to works). The unit has an extensive frontage and dominates this part of Killigrew Street making it an attractive proposition to any prospective occupant. The premises are well located adjoining the short stay Moor Car Park (37 spaces) and within a 5 minute walk of Town Quarry Long Stay Car Park (281 spaces). Falmouth Bus Terminal and Taxi Rank are situated immediately opposite the premises.

Read more ...