Chartered Surveyors and Business Property Specialists
Investments Commercial for sale / Freehold

£290,000 Guide Price

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Office Investment, Sterling House, Green Court, Truro, Cornwall

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Overview

  • COMMERCIAL OFFICE INVESTMENT AT 7.19% NIY
  • STRONG COVENANT STRENGTH
  • NEW LEASE 5 YEAR LEASE COMMENCING MARCH 2025
  • £21,500 PER ANNUM RENT
  • POPULAR THREEMILESTONE LOCATION
  • ENERGY PEFORMANCE ASSEST RATING TBC

An opportunity to acquire an investment let to a strong covenant in a modern office block in the heart of Truro Business Park at Threemilestone Industrial Estate, Truro’s main business hub. The property occupies an end position within Green Court, a private development of office buildings accessed via a private road. Ignition Credit have agreed terms on a 5-year lease renewal at an annual rent of £21,500. A copy of the lease is available upon request.

We are instructed to seek offers of £290,000 representing a net initial yield of 7.19% allowing for purchaser’s costs at 3.18%.

Nearby occupiers include BT, NHS, Kelsall Steele, Datasharp UK, Cornwall Council, Ward Williams, NFU as well as a host of trade counters, retail showrooms and light industrial occupiers. Within close proximity to Truro Business Park are Truro College and the main hospital in Cornwall – Treliske.

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Jonny Bright Senior Surveyor View Profile

Call: 01872 247022
Email: jb@miller-commercial.co.uk

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