7/9 Market Street, Falmouth, Cornwall, TR11 3AE For sale Prime freehold investment for sale Viewing by prior appointment with Simon Greenslade Two retail units let to EE & Saltrock (01392) 202203
[email protected] First floor self-contained hairdressers Price: £750,000 net initial yield 9.42% strattoncrebercommercial.co.uk 7/9 Market Street, Falmouth, Cornwall, TR11 3AE strattoncrebercommercial.co.uk 9 Market Street is let to Saltrock Surfwear Limited Location guaranteed by Crew Clothing Co.Ltd for a term of 5 years Falmouth is one of the largest towns in Cornwall situated on from 3rd May 2019 expiring on 2nd May 2024. The lease the southern coast approximately 12 miles south of Truro. has been drawn on effectively full repairing and insuring The town benefits from good communications being served terms. The current rent is £30,000 per annum rising by by the A39. Falmouth has a population of approximately £1,000 per annum from 3rd May 2020 annum to £34,000 20,000 and a district population of 85,000 which increases per annum. The tenant has a break option on the 3rd May during the summer months. 2021 by giving at least 6 months prior notice. The current rent equates to approximately £49.00 psf ITZA. The property is situated on the south side of Market Street which comprises the prime retailing pitch for the town. The self-contained first floor accommodation at 9 Market Nearby occupiers include Boots the Chemist, Marks & Street is let to two individuals for a term of 7 years expiring Spencer, Superdrug, WHSmith.