22A Commercial St | Camborne TR14 8JY
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22A Commercial St
Camborne TR14 8JY
Retail Property For Sale
Investment Highlights
- Comprises mid-terrace ground floor shop
- Nearby occupiers include Costcutter, WHSmith, Santander, Shoe Zone and a Lloyds Bank
- Roof repair works carried out in 2020
Executive Summary
Investment Consideration:
VAT is NOT applicable to this property
Comprises mid-terrace ground floor shop
Size of ground floor: 50 sq m (538 sq ft)
Roof repair works carried out in 2020
Nearby occupiers include Costcutter, WHSmith, Santander, Shoe Zone and a Lloyds Bank.
Property Description:
Comprises mid-terrace ground floor shop with benefit of a rear access and providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, Storage, Kitchenette, WC
Tenancy:
The shop is at present let to an Individual for a term of 6 Years and 11 Months from 19th June 2023 at a current rent of £7,020 p.a. Open market rent review in September 2025 and 2028. No breaks. Deposit held of £1,140.
Tenure:
Long leasehold. To be held on a 999 years lease from completion at a ground rent of peppercorn.
Location:
Located at the junction with Church Street in this town centre position, amongst such multiples as Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Camborne lies midway between Newquay and Penzance on the A30 some 3 miles west of Redruth and benefits from good transport links via Camborne Railway Station.
VAT is NOT applicable to this property
Comprises mid-terrace ground floor shop
Size of ground floor: 50 sq m (538 sq ft)
Roof repair works carried out in 2020
Nearby occupiers include Costcutter, WHSmith, Santander, Shoe Zone and a Lloyds Bank.
Property Description:
Comprises mid-terrace ground floor shop with benefit of a rear access and providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, Storage, Kitchenette, WC
Tenancy:
The shop is at present let to an Individual for a term of 6 Years and 11 Months from 19th June 2023 at a current rent of £7,020 p.a. Open market rent review in September 2025 and 2028. No breaks. Deposit held of £1,140.
Tenure:
Long leasehold. To be held on a 999 years lease from completion at a ground rent of peppercorn.
Location:
Located at the junction with Church Street in this town centre position, amongst such multiples as Costcutter, W H Smith, Your Move, Santander, Shoe Zone and a Lloyds Bank. Camborne lies midway between Newquay and Penzance on the A30 some 3 miles west of Redruth and benefits from good transport links via Camborne Railway Station.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
848 SF
Building Class
B
Year Built
1900
Price
$88,406
Price Per SF
$104
Cap Rate
10.03%
NOI
$8,866
Tenancy
Single
Building Height
1 Story
Frontage
19 FT on Commercial Street
Amenities
- Storage Space
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