Camborne - 20 - 22A Commercial Street, TR14 8JY Freehold Shop and Residential Ground Rent Investment - 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 and on the A30 some 3 miles west of 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

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