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Thomas Hewitt Commercial Agency Surveyor View Profile

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Call: 01872 247025
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SOLD - Sancreed Industrial Estate, The Old Dairy, Penzance

Investments Commercial for sale

£400,000 Offers over

Freehold

A rare opportunity to acquire the freehold interest in a mixed use investment opportunity. The property comprises 6,410 sq ft (596 sq m) of industrial space and a residential property providing 2 x 2 bedroom flats and established gardens.
Sancreed is located in a pleasant rural position convenient for the popular St Just, Lands End, Porthcurno cove & beach; approximately 3 miles west of Penzance and just 7 miles from Lands End, the most westerly tip of the mainland. The A30, Cornwall's main arterial route, can be found approximately 1.6 miles away. Truro which is Cornwall's Cathedral city and administrative centre is approximately 32 miles distant.

  • FOR SALE
  • INVESTMENT OPPORTUNITY
  • 10 X INDUSTRIAL UNITS
  • 2 X RESIDENTIAL FLATS
  • NOT ELECTED FOR VAT
  • PASSING RENT £42,467PA
  • RESIDENTIAL EPCS WITHIN BAND C

Property Brochure PDF Location Map

Location

Sancreed is located in a pleasant rural position convenient for the popular St Just, Lands End, Porthcurno cove & beach; approximately 3 miles west of Penzance and just 7 miles from Lands End, the most westerly tip of the mainland. The A30, Cornwall’s main arterial route, can be found approximately 1.6 miles away. Truro which is Cornwall’s Cathedral city and administrative centre is approximately 32 miles distant.
Interestingly, the area has many prehistoric relics including stone circles, cave dwellings, crosses and Holy wells.

Situation

Sancreed is located in a predominantly rural location; the industrial estate is a former Dairy that was sympathetically converted approximately 25 years ago to provide industrial space , ‘Heathlands’ the house which has been converted to provide 2 x 2 bedroom flats has also undergone sympathetic modernisation and could be converted to provide a single residence (with the necessary consent).

Description

This property is likely to appeal to those seeking to hold an investment within a SIPP (industrial element only).
Cornwall has a burgeoning tourist industry and long term this could present the opportunity for conversion to either residential or holiday letting accommodation subject to the necessary consents.

Lease Terms & Schedule Of Accommodation

The estate comprises a mixture of predominantly local tenants.
Residential income: £11,160 per annum
Commercial income: £31,307 per annum
Total passing rent: £42,467 per annum
The properties are let on internal repairing and insuring terms which has allowed the landlord to retain control of the exterior and keep the estate in a well presented condition.
Please see the attached tenancy schedule.
Further information available via request.

Tenure

Freehold

Proposal

We are instructed to seek offers in excess of £400,000 (Four Hundred Thousand Pounds) for our clients freehold interest in this property, subject to contract and exclusive of VAT.

Epc

Residential
Flat 1 C79
Flat 2 C78

Industrial
It is our understanding that the industrial units are exempt from requiring energy performance certificates.

Vat

Please note this property is not registered for VAT.

Further Information

For further information or an appointment to view please contact,, sole agents Miller Commercial on:-
Thomas Hewitt on 01872 247025 or via email th@miller-commercial.co.uk
or Tom Smith on 01872 247013 or via email ts@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Thomas Hewitt Commercial Agency Surveyor View Profile

Contact us about this property

Call: 01872 247025
Email: th@miller-commercial.co.uk

Property Brochure PDF