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Tenanted Commercial Property with Superdrug

Helston, TR13 - Get Access

Description

This is an income-producing investment property. The lot is a retail unit in an excellent trading position, let to Superdrug. It is currently producing £34,000 per annum on a Full Repairing and Insuring (FRI) lease with 5 years remaining, and a tenant break option in 2029. The reversion year is 2031. The property comprises a ground floor retail space with ancillary accommodation on the first and second floors, including offices. The total accommodation is approximately 622.2 sq m (6,697 sq ft). This prime investment property is a perfect addition to any portfolio, located in an excellent trading position with a rental income of £35,000 per annum. Meneage Street offers a well-positioned commercial location with a strong local customer base, good supporting amenities, and convenient transport links. The property is of Freehold tenure and is currently tenanted. The approximate yield is 11%.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 6,697 sq ft (Listing)

The property is a retail investment let to Superdrug with 5 years remaining on the FRI lease and a tenant break option in 2029. The valuation is based on the income stream and the reversionary value in 2031. The property's prime trading position and rental income of £34,000 per annum were key considerations. The approximate yield is 11%.

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