Freehold investment opportunity with two retail shops in Truro city centre
Truro, Cornwall
- Status
WITHDRAWN
- Advert ID
633916
- Reference
3148 / Rightbiz
- Call Agent:
- Freehold: £224,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Freehold Investment Opportunity Located In Truro City Centre
Freehold Investment Opportunity Located In Truro City CentreRental Income Of £20,193.29p (8.9%) ROI
Two Retail Shops
Ref 3148
Asking Price £224,950
Location
These two Investment Properties are located in Truro city centre. Situated within a prominent and highly visible trading position on Kenwyn Street which is close to the Theatre, Cathedral and shopper's car parks. Truro is the retail hub of the county boasting a string of large blue chip and niche independent retailers along with an array of bars and restaurants.
Business Description
Veritas Business Sales are delighted to offer for sale these two Freehold Investment Properties (to be sold as one) which are located in the Cornish City of Truro. The buildings have been a significant part of Truro for many years with easy access to all the local amenities and have been in the careful hands of the current owner for the past 6 years. Our client is offering the properties for sale so that they can enjoy a well deserved retirement.
Since ownership they have totally refurbished the property and made continual investment both internally and externally which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. There are two commercial lets which are fully let for £20,193.29p pa. One is a Coffee Shop/Café with a rental income of £9,693.29p pa and the other is a Ladies Hair Salon which also produces £10,500 pa.
This is a rare opportunity to purchase a well kept and fully let Investment Property as such early viewing is highly recommended.
Shop 1 (108a) Lease 5 Years Rent £9,693.29pa)
Shop 2 (108c) Lease 5 Years Rent (10,500pa)
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This listing has been withdrawn by the seller or their agent. Please check back soon for any future updates.
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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