MULTI LET INVESTMENT opportunity comprising 8 FULLY LET studios and workshops as well as a residential flat all set within a single building, recognised for its artistic and architectural features. The property provides a GROSS INCOME OF £35,883 PA, reflecting an ATTRACTIVE NET INITIAL YIELD OF 7.07% allowing for purchaser’s costs of 4.64%
Thomas Smith
Partner
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The Old Grist Mill, Tresooth Lane, Penryn, Cornwall
Investments Commercial for sale
£485,000 Asking price
Freehold
SOLD
MULTI LET INVESTMENT opportunity comprising 8 FULLY LET studios and workshops as well as a residential flat all set within a single building, recognised for its artistic and architectural features. The property provides a GROSS INCOME OF £35,883 PA, reflecting an ATTRACTIVE NET INITIAL YIELD OF 7.07% allowing for purchaser's costs of 4.64%
- FOR SALE
- MIXED USE INVESTMENT
- CHARACTERFUL HISTORIC FORMER MILL IN PENRYN
- FULLY LET TO A RANGE OF CREATIVE OCCUPIERS AND INCLUDES A LARGE RESIDENTIAL FLAT
- EPC OF OFFICE UNIT IS G (242)
Interested in this Property?
Thomas Smith
Partner
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