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Fully Let Retail Investment Property In Falmouth For Sale

Falmouth, Cornwall, UK
Asking Price:
£350,000
Turnover:
£35,400
Net Profit:
£35,400

Attractive fully let retail investment opportunity generating £35,400 per annum, located in the popular coastal town of Falmouth.

This Grade II* listed freehold property comprises multiple income-producing units, including two ground floor retail shops, additional studio/workshop space and ancillary storage. The property is fully tenanted with a mix of local businesses, all secured on lease agreements with personal guarantees, providing a stable and diversified income stream for investors.

Positioned on Church Street, the property benefits from views over the inner harbour and proximity to key local amenities. Falmouth is a thriving coastal destination with strong year-round footfall driven by tourism, marina developments, the National Maritime Museum and a large student population from the nearby Combined Universities in Cornwall.

The investment includes 54 and 55 Church Street retail units, additional studio/workshop accommodation and a long leasehold residential element already sold off, enhancing the investment profile. With no immediate voids and structured lease terms in place, this is a turnkey commercial property investment.

Enquire today to secure a high-yield retail investment in one of Cornwall’s most desirable coastal towns.

Property Information

Property:

Freehold

Location:

Falmouth is one of the County’s leading holiday resorts with an increasingly long season, encouraged by several quality marina developments together with the National Maritime Museum. The town has a resident population of around 28,000 persons which increases considerably during the summer months. The town also has a significant student population with the main hub site for the Combined University of Cornwall located in the neighbouring town of Penryn accommodating 5,000 students. The town has a good mix of independent and national retailers.

Premises Details:

Grade II* listed building arranged as multiple retail and commercial units with additional lower ground floor accommodation, storage and workshop/studio space. Rear aspect benefits from harbour views and proximity to local parking.

Size:
55 Church Street:
Ground Floor Sales: 38.91 m² / 419 ft²
Rear Decking: 14.63 m² / 157 ft²
Lower Ground Floor Sales: 19.52 m² / 210 ft²
Kitchenette and store included

54 Church Street:
Ground Floor Sales: 39.31 m² / 423 ft²
Lower Ground Floor Office: 35.88 m² / 386 ft²
Kitchenette and staff WC

54A Church Street:
Office/Studio: 19.72 m² / 212 ft²

54B Church Street:
Studio: 27.42 m² / 295 ft²
Basement: 16.45 m² / 177 ft²

Business Operation

Expansion Potential:

Potential to review rents at scheduled rent review dates and enhance returns over time. Long-term investment upside through continued demand in a prime coastal location.

Competition / Market:

Surrounded by a strong mix of independent retailers, national brands, restaurants and service businesses, contributing to a vibrant commercial environment.

Reasons for selling:

Investment disposal

Trading hours:

Dependent on tenants