- MIXED INVESTMENT OPPORTUNITY
- 3 COMMERCIAL UNITS
- 6 RESIDENTIAL FLATS
- PRODUCING NET RENT OF £53,800
- NET INITIAL YIELD OF 9.1%
- EPCS AVAILABLE (RANGING FROM B – E)
A mixed-used investment on Bond St in Redruth. Comprising 3 ground floor commercial units, with 6 residential flats above, the property produces in excess of £53,000 (gross) and represents a Net Initial Yield of 9.1%
The commercial occupiers of the buildings are on proportional full repairing and insuring leases all with separate entrances. The commercial units all front Bond St whilst the residential flats are known as ‘Basset Court’ and are accessed from the rear where there is also car parking.
The flats are managed by a local lettings agent at a fee of 11% + VAT.
This represents an attractive mixed-use investment with scope to enhance the income by managing the flats ‘in-house’ or by converting the ground floor to residential in the future, subject to planning and consents.
The premises are located on Bond Street which is one of the principal streets leading to the centre of Redruth.
Nearby there is Redruth Railway Station with Bus Interchange and the Market Car Park.