Brunel House 15 Lower Fore St 2,251 sq ft 100% Let Office Property Saltash PL12 6JQ £335,000 (£148.82/sq ft) 8.79% Net Initial Yield

Retail and office investment opportunity. Asking price £335,000 reflecting an 8.79% gross yield.
Lease Information:
- Cash Access UK Ltd – 10 year lease term from 18th March 2024 with a break clause on 17th March 2029.. Annual rent payable - £18,000
- Pure First Care Services Ltd – 6 year lease term from October 2025 with a mutual break clause at October 2029. Annual rent payable - £5,950
- Saltash Heritage Museum – 6 year lease term from 20th January 2023. Annual rent payable - £5,500

Saltash is located on the western banks of the Tamar Estuary, opposite to the City of Plymouth, and is the eastern gateway to Cornwall on the A38, the principle road through the south of the county. Saltash is the 6th largest town in Cornwall with a current population in excess of 16,000 and, as one would expect, contains a mixture of both national and local occupiers primarily based around the retail centre of Fore Street. The property is prominently located on Fore Street on a row of retailers that include Barclays Bank, Martin McColl’s Newsagents, Saltash Sports and Fox & Sons Estate Agents opposite Lloyds TSB and the Co-operative convenience store. An attractive retail and office investment opportunity located in a central location occupied by Cash Access UK to the ground floor, Pure First Care Services to the first floor and Saltash Heritage Museum to the second floor.