*Guide | £180,000 - £200,000 (plus fees)
- Mixed Use
- 2 Bedrooms
- Tenure: Freehold
Call the team on 01872 484888 for more information
Mixed Use Investment
Mixed use investment property, situated in Truro, comprising two retail premises and a two bedroom flat. The location offers convenient access to the city centre, with a range of shops, amenities and transport links nearby. The commercial premises currently generate a combined rental income of £16,980 per annum, with the flat producing a further £10,200 per annum, giving a total annual rental income of £27,180. Based on the total annual rental income, the property offers an approximate gross yield of 15%, calculated against the starting figure of the guide price band.
Tenure
Freehold
AUCTIONEERS NOTE
The freehold interests in 55 and 55A Castle Street and 22 and 22A River Street are being offered for sale, together with the leasehold interests in 55A Castle Street and 22 River Street. Please note that 22A River Street leasehold is excluded from the sale, as it is separately owned.
ACCOMMODATION
RETAIL UNIT Shop Front: 4.33m x 3.75m Shop: 3.88m x 3.11m RETAIL UNIT Ground Floor Shop Front: 4.79m x 4.49m First Floor Office: 3.61m x 3.31m WC FLAT Kitchen: 7.74m x 4.88m Living Room: 5.32m x 3.66m Bedroom: 4.18m x 3.69m Bedroom: 3.01m x 2.39m Shower Room
FULL DETAILS
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
VIEWINGS
Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.
NOTICE TO BIDDER
Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
Energy Efficiency Rating (EPC)
Current Rating Flat: E45 Shop: D77 Shop: E112
Local Authority
Cornwall County Council
Solicitors
Devall Law, 27 Middle Road, Ref: Devall Law, Tel: 01489 579 804
Offered in association with
Miller Commercial
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
