An excellent income generating freehold investment property comprising of a ground floor retail unit and a 2 bedroom flat above, both currently tenanted and in great condition. Total rental income £17,400 pa (8.9% ROI). Asking price (£195,000). The flat is available separate on (999 year lease for £140,000).
Business Description
Veritas Business Sales are delighted to offer for sale this Freehold Commercial Retail Property which is located in the Cornish town of Redruth. The property has been in the careful hands of our client since 2020 and is now being offered for sale so they can concentrate on their other business interests. The ground floor offers retail space and above you have a newly renovated self contained two bedroom apartment.
Key Details:
- Freehold of Entire Building: £195,000
- Flat on 999-Year Lease: £140,000
- Rental Income:
- Flat: £850 pcm (£10,200 pa)
- Shop: £600 pcm (£7,200 pa)
- Total Income: £1,450 pcm (£17,400 pa)
