57 Little Castle St | Truro TR1 3DL
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57 Little Castle St
Truro TR1 3DL
Retail Property For Sale
Investment Highlights
- Well located
- Possible conversion opportunity
- Vacant self-contained
Executive Summary
This freehold investment opportunity is available for the asking price of £170,000 subject to the existing leases.
The ground floor comprises a retail shop offering a sales area with a glazed shopfront and a prep and store currently trading as a bakery area. A rear door leads into a further store room and out to an enclosed yard with an external store and WC.
The shop is let on a commercial lease trading as a Lawrences bakery. Please note the tenant has served notice to terminate the lease in accordance with new break clause. The first floor office suite comprises three office rooms, two to the front and one to the rear. The offices are accessed via a private entrance door at ground floor leading to the office rooms, store room with WC, kitchenette and attic stores. The offices are currently occupied as a therapist.
The property may be suitable for alternative uses, subject to planning and statutory consents (building control etc).
The ground floor comprises a retail shop offering a sales area with a glazed shopfront and a prep and store currently trading as a bakery area. A rear door leads into a further store room and out to an enclosed yard with an external store and WC.
The shop is let on a commercial lease trading as a Lawrences bakery. Please note the tenant has served notice to terminate the lease in accordance with new break clause. The first floor office suite comprises three office rooms, two to the front and one to the rear. The offices are accessed via a private entrance door at ground floor leading to the office rooms, store room with WC, kitchenette and attic stores. The offices are currently occupied as a therapist.
The property may be suitable for alternative uses, subject to planning and statutory consents (building control etc).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
786 SF
Building Class
B
Year Built
1900
Price
£170,000
Price Per SF
£216
Net Initial Yield
7.29%
NOI
£12,400
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.77
Lot Size
0.02 AC
Amenities
- Courtyard
- EPC - D
- Storage Space
1 of 8
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