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

Praa Sands PO & Stores with 4 bedroom owners accommodation

We understand a business has traded on this site since the 1950's and has been in our clients tenure for the past 19 years who are now selling due to retirement.  The business trades all year with opening Hours of 7:30am to 18:00pm Monday to Friday and 08:00am to 18:00pm on Saturday and 09:00am to 11:00am on Sunday.  The PO hours are 09:00am to 17:30pm Monday to Friday and 09:00am to 12:30 on Saturday.  The business is run by our clients with up to 4 part time members of staff. We are advised the PO has Community Status. 

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