Commercial property for sale in The Ship Institute, North Pier, Newlyn, Penzance, Cornwall TR18

Guide price £775,000 (£175.4/sq. ft)
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Commercial property for sale

411 sq. m*

Property features

  • Historic building in the fishing port of Newlyn producing a total annual income of £43,239.96
  • Converted in 2015 with full re-wiring and plumbing
  • Fisherman's Mission- Let on a 5 Year Lease expiring June 2025.
  • The Dance School-Let on a 10 Year Lease expiring 2027.
  • Flat 1 (2-bed) is let on an AST Flat 2 (1-bed) is let on an AST The Look Out Flat 3 (2-bed) - is let on an AST .
  • 1.5 miles from Penzance Railway Station, 28 miles from Truro and 45 miles from Newquay Airport

Property description

The Ship Institute is a historic mixed
commercial/residential property in the largest
fishing port of the UK, Newlyn. The current
owners have upgraded the property with new
wiring, plumbing and new boiler when the
building was converted in 2015. The ground floor
is let on two separate leases together with three
additional self-contained flats to the first and
second floor producing an income of over
£43,000 per annum.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Smart Commercial Property, and do not constitute property particulars. Please contact Smart Commercial Property 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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