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.