MULTI LET INVESTMENT opportunity comprising 12 FULLY LET studios and offices as well as a gallery and shared working area all set within a WATERSIDE location, fronting the Penryn River. A former warehouse that has been substantially modernised to create a vibrant and dynamic hub of artists and designers. The property provides a GROSS INCOME OF £47,008 PA, which could provide an ATTRACTIVE NET INITIAL YIELD OF approximately 7%.
Thomas Smith
Partner
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Under Offer
1 of 13
Grays Wharf, Commercial Road, Penryn, Cornwall
Investments Commercial for sale
£675,000 Asking price
Freehold
UNDER OFFER
MULTI LET INVESTMENT opportunity comprising 12 FULLY LET studios and offices as well as a gallery and shared working area all set within a WATERSIDE location, fronting the Penryn River. A former warehouse that has been substantially modernised to create a vibrant and dynamic hub of artists and designers. The property provides a GROSS INCOME OF £47,008 PA, which could provide an ATTRACTIVE NET INITIAL YIELD OF approximately 7%.
- MULTI LET INVESTMENT
- ANNUAL GROSS INCOME OF £47,008 PA
- OPPORTUNITY TO IMPROVE RENT RETURN
- WATERSIDE PROPERTY FRONTING THE PENRYN RIVER
- FULLY LET TO A RANGE OF CREATIVE OCCUPIERS INCLUDING DESIGNERS, ARTISTS & A GALLERY
- EPC RATING D (92)
Interested in this Property?
Thomas Smith
Partner
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