4 Boscawen Rd 1,211 SF 100% Leased Retail Building Perranporth TR6 0EW £475,000 (£392.24/SF) 7.20% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Income producing asset
- Comes with residential assets
- Well located with ample parking
EXECUTIVE SUMMARY
A substantial detached freehold property comprises a ground floor shop, let to Saltrock Surfwear Limited, and two residential units together with rear studio. The ground floor shop is trading as Saltrock (approximately 20 stores within the south west) opened in 2024. The shop is attractively presented with good display frontage, ancillary stores and toilet located to the rear. External access is provided to the two residential units, currently let on AST agreements, and comprises a 3-bedroom apartment and a 1-bedroom
studio flat. At the rear of the site is a studio presently used as a therapy centre
studio flat. At the rear of the site is a studio presently used as a therapy centre
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,211 SF
Building Class
B
Year Built
1902
Price
£475,000
Price Per SF
£392.24
Net Initial Yield
7.20%
NOI
£34,200
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
1 of 1
