£950,000
Property for saleMixed Investment, Tower House, Fore Street, Redruth TR15
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About this property
Mixed investment premises
Prominent location in central redruth
Three retail shops and nine flats
Annual rent of £91,140
Net initial yield of 9.59%
Energy performance certicates avaialble
A high yielding multi-let investment in Redruth comprising three ground floor shops with seven studio and two one bedroomed flats above which are accessed separately. Full leases are available on request and our clients have recently repaired the roof, decorated the exterior and in all it presents very handsomely. The flats are all let on ASTs. The commercial units are as follows: Unit 1: 5 year lease expiring 30 April 2029 at at a passing rent rent of £6,000 plus VAT Unit 2: 5 year lease expiring 31 January 2028 at a passing rent of £7,200 plus VAT Unit 3: 5 year lease expired on 31 January 2026 at a passing rent of £7,500 plus VAT
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Monthly repayment
£4,752 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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