Retail/Shop For Sale, Penzance
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£225,000 Freehold
1-3 Adelaide Street, Penzance, TR18 2ES
Type
Retail/Shop
Status
Available
Size
2,048 sq ft
Key Features
- Situated just off Market Jew Street
- Investment opportunity comprising two adjoining properties
- Yield of 9.54% after standard purchasers costs
- Lease to Seasalt Ltd expires 29th July 2028
- Rental income £22,000 per annum
- Longer term development potential subject to consents where required
Property Details
Penzance has easy access to the road network via the main A30 trunk road that runs adjacent to the town and connects with the M5 at Exeter. The National rail network via the station located nearby runs directly through to London Paddington on a daily basis. Penzance is well known as the retail and administrative capital for the most western part of Cornwall. In recent years Penzance has featured in the national press as one of the "best places to live in the UK" , reports often highlighting the mix of shops, seafront and artistic scene amongst its attributes.
Period Freehold Premises Formed From Two Adjoining Terraced Properties, Both With Retail Accommodation On The Ground Floor And Ancillary On The Upper Parts. In Addition To The Retail Ground Floor, Number 1 Has A Basement Area, Staff Welfare And Office On The First Floor And Stores Above On A Second Floor.
Number 3 Adelaide Street Has Ground Floor Retail Floorspace And An Attractive Open Plan Stores/ Ancillary Area To The First Floor.
The Premises Have Been In Retail Use For Many Years And Renowned As The First Seasalt Shop Est. In 1981.
Period Freehold Premises Formed From Two Adjoining Terraced Properties, Both With Retail Accommodation On The Ground Floor And Ancillary On The Upper Parts. In Addition To The Retail Ground Floor, Number 1 Has A Basement Area, Staff Welfare And Office On The First Floor And Stores Above On A Second Floor.
Number 3 Adelaide Street Has Ground Floor Retail Floorspace And An Attractive Open Plan Stores/ Ancillary Area To The First Floor.
The Premises Have Been In Retail Use For Many Years And Renowned As The First Seasalt Shop Est. In 1981.
Location
Vickery Holman
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Vickery Holman