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90-93 Market Jew St
1,305 SF Retail Condo Unit Offered at $247,604 in Penzance TR18 2LG
Investment Highlights
- Comprises two storey retail property with rear yard, trading as a Cornish bakery
- Let to W.C. Rowe, a bakery established in 1949 and currently trading from 54 locations
- Future residential development potential of the upper floor, subject to planning
- Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others
Property Facts
| Price | $247,604 | Sale Type | Investment |
| Unit Size | 1,305 SF | Building Class | B |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 5,677 SF | Typical Floor Size | 2,792 SF |
| Property Type | Retail (Condo) | Year Built | 1969 |
| Property Subtype | Storefront |
| Price | $247,604 |
| Unit Size | 1,305 SF |
| No. Units | 1 |
| Total Building Size | 5,677 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,792 SF |
| Year Built | 1969 |
1 Unit Available
Unit 91
| Unit Size | 1,305 SF | Sale Type | Investment |
| Price | $247,604 | Tenure | Freehold |
| Price Per SF | $189.74 | Cap Rate | 10.50% |
| Condo Use | Retail | NOI | $25,998.47 |
| Unit Size | 1,305 SF |
| Price | $247,604 |
| Price Per SF | $189.74 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 10.50% |
| NOI | $25,998.47 |
Description
The property is at present let to W.C. Rowe (Falmouth) Limited* for
a term of 10 Years years from 1st February 2015 at a current rent of
£21,000 p.a. and the lease contains full repairing and insuring
covenants. Tenant in occupation since 2010
Sale Notes
Comprises two storey retail property t/a Rowe Cornish Bakers at ground
floor with ancillary accommodation at first floor, providing the following
accommodation and dimensions:
Ground Floor: 84 sq m (900 sq ft)
Open plan bakery, kitchen, storage
First Floor: 38 sq m (405 sq ft)
Ancillary accommodation
Total area size: 122 sq m (1,305 sq ft)
Amenities
- Storage Space
Nearby Major Retailers
Learn More About Investing in Retail Properties
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90-93 Market Jew St
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