Retail premises for sale in Commercial Street, Camborne TR14

Investment Consideration:
Gross Initial Yield: 10.02%
Rental Income: £7,020 p.a.
VAT is not applicable to this property
Comprises mid-terrace ground floor shop
Roof repair works carried out in 2020
Nearby occupiers include Costcutter, WHSmith, Santander, Shoe Zone and a Lloyds Bank.

Property Description:
Comprises mid-terrace ground floor shop with benefit of a rear access and providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, Storage, Kitchenette, WC

Tenancy:
The shop is at present let to an Individual for a term of 6 Years and 11 Months from 19th June 2023 at a current rent of £7,020 p.a. Open market rent review in September 2025 and 2028. No breaks. Deposit held of £1,140.

Tenure:
Long leasehold. To be held on a 999 years lease from completion at a ground rent of peppercorn.

Location:
Located at the junction with Church Street in this town centre position, amongst such multiples as Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Camborne lies midway between Newquay and Penzance on the A30 some 3 miles west of Redruth and benefits from good transport links via Camborne Railway Station.