Chartered Surveyors and Business Property Specialists
Mike Nightingale Partner View Profile

Contact us about this property

Call: 01872 247008
Email: msn@miller-commercial.co.uk

To Let
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Investment, 70, Trelowarren Street, Camborne, Cornwall

Investments Commercial to let

£72,500 Offers over

Leasehold

A mid terraced retail investment producing an income of £6,500 per annum with a first floor flat which has been "sold-off" under a 999 year lease and pays a ground rent.
The ground floor is on internal repairing and insuring terms whereas the flat owner retains full responsibility for the roof.

  • FOR SALE
  • TOWN CENTRE LOCATION
  • AVAILABLE IMMEDIATELY
  • 534 SQFT (49.59 SQM)
  • EPC RATING C

Property Brochure PDF Location Map

Location

Well located on the southern side of Trelowarren Street close to a number of independent retailers.

Accommodation

(All areas and dimensions are approximate)
Ground Floor
Front Retail Area 333 Sqft (30.93 Sqm)
Rear Retail Area/Storage/Office 201 Sqft (18.66 Sqm)
Total 534 Sqft (49.59 Sqm)

Tenure

The premises are offered freehold subject to the leases below:-
1. Ground Floor. This is held under a 5 year internal repairing and insuring lease from 05/10/2018 at a passing rental of £6,500 per annum exclusive. The tenant trades in gifts sweets and cards. There is a tenant only break clause on the second anniversary of the lease following not less than six months’ notice in writing.
2. First Floor. This is a flat which has been sold off under a 999 year lease from February 2003. The flat owner pays a ground rent of £220 per annum and is responsible for windows, doors and the roof. The tenant contributes 2/3rds of the cost of insuring the building.

Proposal

Offers are sought in excess of £72,500 which represents a net initial yield of 9.27% ignoring purchase costs.

Legal Costs

Each party to bear their own.

Local Authority

Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Business Rates

We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Energy Performance Certificate

The Ground Floor has an Energy Performance Rating for this property is within Band C (68). The flat has a rating of Band E (42).

Vat

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Contact Information

For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email msn@miller-commercial.co.uk or
Thomas Hewitt on 01872 247025 or via email th@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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Mike Nightingale Partner View Profile

Contact us about this property

Call: 01872 247008
Email: msn@miller-commercial.co.uk

Property Brochure PDF