Features and description

Freehold Commercial Investment Property
Commercial Let Producing £7,200 pa
2 Bed Flat Let Producing £10,200 pa
Total Rental Income £17,400 pa (8% ROI)
Flat Available On Its Own (999 year lease £140,000)

Freehold Commercial Investment Property Located In Redruth With Self Contained Two Bedroom Apartment Above (£215,000)
Also Apartment Available Separate (999 Year Lease £140,000)
Ref 3081

Asking Price £215,000

Location
This Freehold Commercial Investment Property is located in the Cornish town of Redruth. The property is very close to the town centre which offers large blue chip and niche independent retailers. The main trunk road through the county the A30 provides easy access to the picturesque town of St Ives which is approximately (16 miles) away. Truro city centre, is (15 miles) away and the popular holiday village of Portreath is only (4 miles) away. Redruth is also on the main railway line from Paddington to Penzance.

Business Description
Veritas Business Sales are delighted to offer for sale this Freehold Commercial Investment Property which is located in the Cornish town of Redruth. The property has been in the careful hands of our client since 2020 and is now being offered for sale so they can concentrate on their other business interests. The ground floor offers retail space and above you have a newly renovated self contained two bedroom apartment.

Key Details:
* Freehold of Entire Building: £215,000
* Flat on 999-Year Lease: £140,000
* Rental Income:
* Flat: £850 pcm (£10,200 pa)
* Shop: £600 pcm (£7,200 pa)
* Total Income: £1,450 pcm (£17,400 pa)

Features:
* Flat recently upgraded with a new kitchen * Shop fully renovated in recent years, including new windows * Private access to flat * Small yard to the rear - ideal for storage, bins, or light outdoor use * Located in a convenient and desirable area

Ground Floor
Retail area (8.5m x 4.25.1m)
Storeroom (3.9m x 2.7m)
Toilet (2.7m x 2.8m)

First Floor
Bedroom 1 (4.1m x 2.4m) Kitchen (3.1m x 3.1m) Lounge (4.2m x 3.5m)

Second Floor
Bathroom (4.8 x 1.6m)
Bedroom 2 (5.8 x 3.8)

External
Rear Yard

EPC Rating D

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About this agent

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

Full profile Property listings

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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