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22A Commercial Street, Cornwall TR14 8JY Freehold Shop

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22A Commercial Street, Cornwall TR14 8JY Freehold Shop Camborne - 20 - 22A Commercial Street, Cornwall TR14 8JY Freehold Shop and Residential Ground Rent Investment Camborne - 20 - 22A Commercial Street, Cornwall TR14 8JY Freehold Shop and Residential Ground Rent Investment Investment Consideration: . Purchase Price: £85,000 . Gross Initial Yield: 7.53% . Rental Income: £6,400 p.a. VAT is NOT applicable to this property . Property comprising 3 Ground Floor Shops (2 Shops sold off) with separate front access to a Self- Contained Maisonette and 3 Self-Contained Flats on the upper floors (sold off). Nearby occupiers include as Boots Opticians, Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Tenancies and Accommodation: Property Accommodation Lessee & Trade Term Current Rent £ p.a. Notes No. 22a Built Depth: 16.2 m (53 ft) Maria Long 5 years from £6,000 FRI (Ground Floor Shop) Shop Frontage: 16 ft on Commercial Street (Letting Agent) 10 April 2014 Note 2: Holding over WC Nos. 20 & 22 Sold off on long lease Various Each 999 years Peppercorn Reversion 3015 (2 Shops) from 2016 1 Maisonette & Sold off on long lease Various Each 999 years £400 Reversion 3003 & 3006 3 Flats from 2004 & 2007 Total £6,400 Camborne - 20 - 22A Commercial Street, Cornwall TR14 8JY Freehold Shop and Residential Ground Rent Investment Property Description: A mid terrace building comprising 3 Ground Floor Shops (2 Shops sold off) with separate front access to a Self- Contained Maisonette and 3 Self-Contained Flats on the upper floors (sold off). Tenancy: The shop is at present let to M. Long trading as a letting agent for a term of 5 years from 10th April 2014 at a current rent of £6,000 per annum with ground rent for the upper flats of £400 p.a. (£100 each). The other two shops are sold off on long lease at peppercorn. The shop lease and long leases contains full repairing and insuring covenants. Location: Located at the junction with Church Street in this town centre position, amongst such multiples as Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Camborne lies midway between Newquay and Penzance on the A30 some 3 miles west of Redruth and benefits from good transport links via Camborne Railway Station. Camborne - 20 - 22A Commercial Street, Cornwall TR14 8JY Freehold Shop and Residential Ground Rent Investment Contacts: To view copies of the leases, information on the title, other information, please contact Prash Jaitley or Joseph Bachman. Prash Jaitley – Managing Partner Joseph Bachman – COO M: +44(0)79618 53166 M: +44(0)77236 19270 E: [email protected] E: [email protected] Address: Blue Alpine Partners Limited Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. .
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