5 ALBERT STREET, , TR18 2LR

• FREEHOLD INVESTMENT PRODUCING £7200. • SHOP LET ON 6 YEAR LEASE FROM AUG 2020 • YIELD 8.32% • LOCATED CLOSE TO MARKET JEW STREET & TRAIN/BUS ASKING PRICE £85,000 STATIONS • ENERGY PERFORMANCE ASSET RATING D(97) FREEHOLD C38135

DESCRIPTION/LOCATION A three storey building comprising ground floor retail unit with two flats above located within a small parade situated close to Penzance Railway Station and the principal retailing area of Market Jew Street. ACCOMMODATION All areas and dimensions are approximate. Ground Floor Net Retail Area 28.1 sq m (303 sq ft) Store 6.42 sq m (69 sq ft) Kitchen 6.16 sq.m (66 sq ft) WC First and Second Floor Flats - Each 1 bedroomed and owned separately. TENURE Freehold - subject to and with the benefit of the leases below. Ground floor - This is let under a new six year lease from August 2020 at an annual rental of £7000 on proportional full repairing and insuring terms via a service charge. There is a rent review and tenant break option on the third anniversary of the term. First Floor - This is held under a 999 year lease from 01/0½019 at an annual rental of £100. The tenant contributes towards external repairs via a service charge. Second Floor - This is held under a 999 year lease from 01/0½019 at an annual rental of £100. The tenant contributes towards external repairs via a service charge. LEGAL COSTS Each party to bear their own. PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not LOCAL AUTHORITY intended to show actual site boundaries and not guaranteed to be accurate. Council AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or General Enquiries 0300-1234-100 lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their Planning 0300-1234-151 accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither www.cornwall.gov.uk do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the VAT correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let All the above prices/rentals are quoted exclusive of VAT, or withdrawn before inspection: [d] None of the services or appliances, where applicable. plumbing, heating or electrical installations have been tested by the selling agent. ENERGY PERFORMANCE CERTIFICATE Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office The Energy Performance Rating for this property is of Miller Commercial LLP is Mansion House, Princes Street, TR1 2RF. included within Band D (97). We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39. CONTACT INFORMATION VIEWING: Strictly by prior appointment through Miller Commercial. For further information or an appointment to view please contact either:- Mike Nightingale on 01872 247008 or via email ESTATES GAZETTE AWARDED MILLER COMMERCIAL [email protected] or Cornwall's Most Active Agent Thomas Hewitt on 01872 247025 or via email th@miller- 8th Year Running commercial.co.uk