Features and description

Freehold Investment Opportunity Located In Truro City Centre
Rental Income Of £20,000 (8%) ROI
Two Retail Shops

Freehold Investment Opportunity Located In Truro City Centre
Rental Income Of £20,000 (8%) ROI
Two Retail Shops
Ref 3148

Asking Price £249,950

Location
These two Investment Properties are located in Truro city centre. Situated within a prominent and highly visible trading position on Kenwyn Street which is close to the Theatre, Cathedral and shopper's car parks. Truro is the retail hub of the county boasting a string of large blue chip and niche independent retailers along with an array of bars and restaurants.

Business Description
Veritas Business Sales are delighted to offer for sale these two Freehold Investment Properties (to be sold as one) which are located in the Cornish City of Truro. The buildings have been a significant part of Truro for many years with easy access to all the local amenities and have been in the careful hands of the current owner for the past 6 years. Our client is offering the properties for sale so that they can enjoy a well deserved retirement.
Since ownership they have totally refurbished the property and made continual investment both internally and externally which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. There are two commercial lets which are fully let for £20,000 pa. One is a Coffee Shop/Café with a rental income of £10,000 pa and the other is a Ladies Hair Salon which also produces £10,000 pa.
This is a rare opportunity to purchase a well kept and fully let Investment Property as such early viewing is highly recommended.
Shop 1 (108a) Lease 5 Years Rent £9,693.29pa)
Shop 2 (108c) Lease 5 Years Rent (10,500pa)

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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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