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 Wednesday 8 May
- Investment let at £93,126
- P.a. (9.8% giy on guide)
- Fixed rent increase to £105,364
- In February 2025 (11.09% giy on guide)
- Let to Iceland Foods Limited 25 years from 2005 (no breaks)
- Approximately 12,560 sq ft
- Situated on 0.64 of an acre with a large car park to the rear
- Nearby occupiers include Superdrug, Boots the Chemist and Poundland
- Located on a pedestrianised street
- 6 week completion
Property description
Strapline
Auction Sale - 08/05/2024
Of interest to Investors
Freehold supermarket investment let to Iceland Foods Limited with upcoming fixed rent review in 2025
Investment let at £93,126 p.a. (rising to £105,364 p.a. In February 2025)
Description
The property comprises a ground floor supermarket with ancillary accommodation on the lower ground, first and second floors. The property benefits from a secondary entrance to the rear of the store that opens onto the customer car parking area with parking for about 45 cars.
The property is prominently positioned on the northern side of Fore Street, close to its junction with Alma Place in the heart of the town centre. Nearby occupiers include Superdrug, Boots the Chemist and Poundland
Location
9 Miles west of Truro
17 miles north-east of Penzance
Connected by Redruth Railway Station and Newquay airport
Tenancy
Please refer to Accommodation and Tenancy schedule
Accommodation
Please refer to Accommodation and Tenancy schedule
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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