Chartered Surveyors and Business Property Specialists
Peter Heather Partner View Profile

Contact us about this property

Call: 01872 247007
Email: pgh@miller-commercial.co.uk

For Sale
1 of 4

Trenance Mill, St Austell

Investments Residential for sale

£1,000,000

Freehold

A Superb Residential Investment Opportunity comprising a mix of nine newly constructed and refurbished cottages and flats. The properties are within a private and secluded oasis on the edge of St Austell town centre with secure gated compound with plenty of car parking. The price of £1 million represents a discount of around 20% to the breakup open market value and will appeal to seasoned residential investors seeking a healthy return of circa 7%. The properties retain their tenants very well and the current average occupancy is almost 4 years per unit. NB. Our clients intend to retain the former Mill.

  • SUPERB RESIDENTIAL INVESTMENT WITHIN SECURE GATED COMPOUND WITH CAR PARKING
  • GROSS YIELD OF 7.02%
  • 6 x NEWLY BUILT (2015) 2/3 BED APARTMENTS & 3 x 2/3 BED COTTAGES (CONVERTED IN 2013)
  • WITHIN 5 MINUTES WALK OF ST AUSTELL TOWN CENTRE
  • CURRENT INCOME £70,200PA

Property Brochure PDF Location Map

Summary

A block of 6 apartments and 3 separate cottages in a gated development

Location

Located on the outskirts of St Austell in the village of Trewoon

Property

Accommodation Comprises:

1 The Courtyard (2 bed) £650 per month
2 The Courtyard (2 bed) £625 per month
3 The Courtyard (2 bed) £625 per month
4 The Courtyard (3 bed) £675 per month
5 The Courtyard (2 bed) £625 per month
6 The Courtyard (3 bed) £675 per month
Cottage 1 – The Chapel (2 bed cottage) £675 per month
Cottage 2 – The Chapel (2 bed cottage) £675 per month
Cottage 3 – The Stables (2 bed cottage) £675 per month
Total: £70,200 per annum

Tenure

Local Authority

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

Energy Performance Certificate

The Energy Performance Ratings for these properties are as follows:

1 The Courtyard – C 74
2 The Courtyard – C 72
3 The Courtyard – C 78
4 The Courtyard – C 77
5 The Courtyard – C 74
6 The Courtyard – C 74
1 The Chapel – C 77
2 The Chapel – C 77
3 The Stables – C 77

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

Value Added Tax

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:
Peter Heather on 01872 247007 or via email pgh@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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Peter Heather Partner View Profile

Contact us about this property

Call: 01872 247007
Email: pgh@miller-commercial.co.uk

Property Brochure PDF