Light industrial for sale in Stable Hobba, Penzance TR20
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Property features
- Water and Electricity
- 24/7 Access
Property description
Full Description:
An investment opportunity in the historic town of Penzance, nestled within the picturesque Penwith district of Cornwall, United Kingdom. Situated on the B3315 road, this estate offers strategic connectivity to Land End and the main A30 trunk road, positioning it as a pivotal hub for businesses seeking access to key transportation routes.
Stable Hobba Industrial Estate, home to a diverse range of marine-related businesses, presents a blend of light industrial and warehouse units. Located in close proximity to Newlyn town centre, in a dynamic residential/industrial area approximately 1.2 miles from Penzance, this estate offers convenience and accessibility to tenants and investors alike.
Units 9 & 17, boasting a combined Gross Internal Area (gia) of 1,742 sq ft (161 sqm), represent a compelling investment opportunity. Currently leased to Messrs Rushton and Green on a 10-year term from 06.09.2021, the property operates under full tenant repairing terms, generating a rental income of £17,420 p.a. The lease incorporates rent reviews every third year of the term, ensuring alignment with market trends or rpi increases. Additionally, a tenant-only break clause at the fifth year offers flexibility and security for both parties.
Seize the opportunity to invest in these industrial units in Penzance, Cornwall, a historically significant location with promising growth potential. Contact us today to capitalize on this exceptional investment opportunity and secure your stake in the dynamic industrial landscape of Penzance.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
JMD Investments and Estates Limited, CV32 on +44 1788 285732 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by JMD Investments and Estates Limited, and do not constitute property particulars. Please contact JMD Investments and Estates Limited 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.