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Market Jew St - Land at rear of 90-93 Market Jew Street 0.1 Acres of Commercial Land Offered at £25,000 in Penzance
Investment Highlights
- Central Penzance position near Market Jew Street retail hub
- Surrounded by national retailers and strong tourist trade
- Excellent transport links via A30 and Penzance rail station
Executive Summary
Investment Consideration:
Gross Initial Yield: 8.00%
Rental Income: £2,000 p.a.
Let until March 2098. No breaks.
VAT is applicable to this property
Comprises plot of land situated off New Town Lane
Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Property Description:
Comprises plot of land situated behind 90-93 Market Jew Street, with a size of c 0.05 acres.
Tenancy:
The land is at present let to Charville Estates (Penzance) Limited for a term of 99 Years from 25th March 1999 at a current rent of £2,000 p.a. and the lease contains full repairing and insuring covenants. Reversion 2098.
Location:
Penzance is a market town and a well established tourist centre on the Cornish Peninsular. The town is bordered to the north and east by the A30, a key arterial route through the South-West of England providing direct access to the M5 Motorway and A303. Penzance rail station is within 265 metres of the property providing direct services to London Paddington, Bristol and Exeter. The property is situated and the rear of 90-93 Market Jew Street. Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Gross Initial Yield: 8.00%
Rental Income: £2,000 p.a.
Let until March 2098. No breaks.
VAT is applicable to this property
Comprises plot of land situated off New Town Lane
Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Property Description:
Comprises plot of land situated behind 90-93 Market Jew Street, with a size of c 0.05 acres.
Tenancy:
The land is at present let to Charville Estates (Penzance) Limited for a term of 99 Years from 25th March 1999 at a current rent of £2,000 p.a. and the lease contains full repairing and insuring covenants. Reversion 2098.
Location:
Penzance is a market town and a well established tourist centre on the Cornish Peninsular. The town is bordered to the north and east by the A30, a key arterial route through the South-West of England providing direct access to the M5 Motorway and A303. Penzance rail station is within 265 metres of the property providing direct services to London Paddington, Bristol and Exeter. The property is situated and the rear of 90-93 Market Jew Street. Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Property Facts
| Price | £25,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Total Plot Size | 0.10 ac |
| No. Plots | 1 |
| Price | £25,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 0.10 ac |
1 Plot Available
Plot
| Price | £25,000 | Total Plot Size | 0.10 ac |
| Price Per ac | £250,000.00 |
| Price | £25,000 |
| Price Per ac | £250,000.00 |
| Total Plot Size | 0.10 ac |
Comprises plot of land situated off New Town Lane
Description
This freehold land investment comprises a plot located behind 90–93 Market Jew Street in Penzance, featuring a single-storey electricity substation. The property is let on a long lease, providing secure income and minimal management responsibilities. With a strong covenant and full repairing and insuring terms, this asset offers a stable return for investors seeking a hands-off opportunity in a well-established location.
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Market Jew St - Land at rear of 90-93 Market Jew Street
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