74 Trelowarren St

Investment Consideration:
- Purchase Price: £210,000
- Gross Initial Yield: 10.60%
- Rental Income: £22,260 p.a.
- VAT is NOT applicable to this property
- Comprises ground floor shop with 2 self-contained residential flats (1 x 1-bed and 1 x 2 bed)
- Commercial tenant has been in occupation since 2016.
- Situated within short walk from Tesco Superstore and within 0.4 miles from Camborne Train Station.
- Asset management opportunity
- Both residential tenants have been in occupation for more than 1 year and currently on renewal AST
Mid-terrace building comprising ground floor commercial unit t/a barber shop, 1-bedroom residential flat at rear ground floor and 2-bedroom maisonette at first floor, providing the following accommodation and dimensions:
Ground Floor: Retail Shop t/a Barbers 43 sq m (463 sq ft)
Rear Ground Floor: Flat 74B 34 sq m (366 sq ft)
1 Bedroom, Kitchen/Living Room, Shower
First Floor: Flat 74A 67 sq m (721 sq ft)
2 Bedrooms, Kitchen/Dining Room, Living Room, Shower
Tenancy:
The retail shop is at present holding over on an FRI lease at a current rent of £6,000 p.a. Tenant has been in occupation since 2016.
Flat 74A is at present let on AST to an Individual for a term of 12 Months from 18th January 2024 at a current rent of £8,760 p.a. Deposit held of £625.
Flat 74B is at present let on AST to an Individual for a term of 12 Months from 14th December 2023 at a current rent of £7,500 p.a. Deposit held of £650.
Both residential tenants have been in occupation for more than 1 year and currently on renewal AST.