Chartered Surveyors and Business Property Specialists
Investments Commercial for sale / Freehold

£675,000 Asking price

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Grays Wharf, Commercial Road, Penryn, Cornwall

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Overview

  • MULTI LET INVESTMENT
  • ANNUAL GROSS INCOME OF £47,008 PA
  • OPPORTUNITY TO IMPROVE RENT RETURN
  • WATERSIDE PROPERTY FRONTING THE PENRYN RIVER
  • FULLY LET TO A RANGE OF CREATIVE OCCUPIERS INCLUDING DESIGNERS, ARTISTS & A GALLERY
  • EPC RATING D (92)

MULTI LET INVESTMENT opportunity comprising 12 FULLY LET studios and offices as well as a gallery and shared working area all set within a WATERSIDE location, fronting the Penryn River. A former warehouse that has been substantially modernised to create a vibrant and dynamic hub of artists and designers. The property provides a GROSS INCOME OF £47,008 PA, which could provide an ATTRACTIVE NET INITIAL YIELD OF approximately 7%.

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Thomas Smith Partner View Profile

Call: 01872 247013
Email: ts@miller-commercial.co.uk

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