Land for sale in Malpas Road, Truro TR1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Good investment; zero effort
- 10-year lease expiring 2032
- Return of 7.5% from 2027
- Located close to city centre
- Excellent tenant; good covenant
Property description
Approx. 14.4m x 5.9m
Area - 85.0sqm (915sqft)
Number of Spaces - 6
Lease Terms:
Term - 10-Years
Commencement - 22nd April 2022
Expiry - 21st April 2032
Rent - £6,000pa from 22nd April 2027; £5,000pa currently.
Break - 21st April 2027
Security of Tenure - The lease is contracted Outside of the Landlord and Tenant Act.
Value Added Tax - The property is not opted to tax so VAT is not payable.
Agents Notes:
There are 2 leases, spaces 1-3 on one and 4-6 on the other, ideally these are each to be sold in separate financial years, the rents for each lease are £2,500pa rising to £3,000pa.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Redgrave Commercial, TR1 on +44 1872 703843 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Redgrave Commercial, and do not constitute property particulars. Please contact Redgrave Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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