- RETAIL AND GROUND RENT INVESTMENT OPPORTUNITY
- CORNWALL HOSPICE CARE.
- FLATS SOLD OFF
- YARD FOR PARKING
- PRODUCING £9,440 PER ANNUM.
- ADJACENT TO CO-OP
- ON STREET PARKING
This investment has been re-developed by Excel Properties in 2008 and then acquired by our client in 2010, It comprises a substantial shop let to Cornwall Hospice Care, (and four flats which were all sold off on 199 year leases from 2008)
The property also has a good sized rear car park / yard for 4 vehicles – allocated to the flats. Cornwall Hospice Care who have been in occupation for many years and are the only charity shop in St Columb.
The shop provides the principal rental income£8,220 from 07.07.2022 rising to £8640 for the final two years of the current lease, and the flats pay a ground rent of £200 per annum each totalling £800 per annum.
Total rent – £9,440 per annum.
The property is easily managed with each occupation paying a fair proportion to the costs of maintaining the exterior/common parts and buildings insurance.