Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a prime pedestrianised pitch.
Arranged as a ground floor retail unit and associated upper parts, the property is fully let to Nationwide on a recently renewed five year lease expiring 23.11.2029 and paying £56,000 per annum.
The tenant is a long standing occupier of 25 years and we understand they have expressed willingness to agree a reversionary lease for a further five years to 2034. We consider the property therefore offers asset management potential. The existing lease term is a reversionary lease, displaying the tenants willingness to agree extensions on this basis.
The property occupies a prime pitch fronting the pedestrianised Pydar Street, one of the principal retail streets in the heart of Truro. The street is characterised by national retailers including Boots, TK Maxx, New Look and Pandora.
Tenure
Freehold
Tenancy
Nationwide Building Society
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).