Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a corner pitch on a prime pedestrianised street.
Arranged as a ground floor retail unit and associated upper parts, the property is fully let to Sharps Bedrooms Limited on a five year lease expiring 26.02.2027 and paying £40,000 per annu.
The tenant did not exercise their 2025 break option, displaying confidence in the location, and we consider the property offers asset management potential via renewal of the lease.
The property occupies a prime corner 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
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).