7 New Bridge Street, Truro, Cornwall
- SINGLE STOREY LOCK UP INVESTMENT
- NOT LISTED BUILDING – CENTRAL TRURO.
- SUITABLE FOR SIPP PURCHASE , OR NOT.
- BESIDE THE RIVER RENT IS £8250
- 9.39% AVERAGE GROSS YIELD
- NEW FIVE YEAR LEASE
- LONG TERM OCCUPIER ALTERNATIVE USE POSSIBLE
The property comprises a single storey lock up retail unit, situated on New Bridge Street, Truro and sits aside the bridge over the River Kenwyn fronting New Bridge Street, and a pedestrian walkway to Old Bridge Street and car park.
The property is utilised as a hairdressing salon and is to be let under a new five year lease from completion of the sale to be in name of Taylor Cole Ltd at £8,250 for first three years and increasing to £9,120 for years four and five. The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.
Truro is situated in the former district of Carrick and has a resident population of over 20,000 people. It is connected to the rest of the County via the A390 leading to the A38 and A30 trunk roads, the latter being the main road through the County connecting to the national motorway network at Exeter.
The subject property is situated on New Bridge Street, a busy tertiary retail location, situated a short distance from the city centre.