Commercial property for sale in Fore Street, Redruth TR15
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- To be offered on Tuesday 16 April
- High Yielding Retail Investment Opportunity
- Let to Countrywide Estate Agents
- Lease Expires 24/08/2025
- Producing £18,000 per annum
- August 2020 Break Clause Not Exercised
- Prime Corner Pitch
- 2,880 sq ft (267.55 sq m)
- Guide Price Reflects 13.3% Gross Yield
Property description
Strapline
Auction Sale - 15/04/2024
High Yielding Retail Investment Occupying a Prime Corner Pitch.
Let to Countrywide Estate Agents at a Rent of £18,000 per annum
Description
The property comprises a high yielding retail investment let to the undoubted covenant of Countrywide.
Arranged across basement, ground and two upper floors, the property occupies a prominent corner pitch in the heart of the retail amenity and adjacent to the pedestrianised centre, nearby occupiers include Specsavers, Premier Convenience Stores, Superdrug and Iceland.
The ground floor and basement is let to Countrywide Estate Agents (t/a Stratton Creber) on a 10 year lease expiring 24/08/2025 and paying a rent of £18,000 per annum. The upper parts include office accommodation and are sold off on a long leasehold basis.
Tenancy
The ground floor and basement is let to Countrywide Estate Agents (t/a Stratton Creber) on a 10 year lease expiring 24/08/2025 and paying a rent of £18,000 per annum. The tenant has been in occupation since 2015 and did not exercise a break clause in August 2020.
The upper parts include office accommodation and are sold off on a long leasehold basis.
Countrywide Estate Agents
Countrywide Estate Agents form part of the Connells Group, the largest estate agency in the UK with of 80 local estate agency brands and over 1,200 branches nationwide.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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