19 Fore St 1,306 sq ft Retail Property Redruth TR15 2BD £150,000 (£114.85/sq ft) 8% Net Initial Yield

Rare opportunity to acquire a mixed-use freehold investment prominently positioned on the pedestrianised section of Fore Street, Redruth’s principal retailing location.
The property comprises a ground floor retail unit currently trading as a greengrocers, deli and butchery producing a passing rent of £12,000 per annum, together with a self-contained three-bedroom maisonette arranged across the first and second floors. The residential accommodation is currently vacant and offers an estimated rental value of approximately £12,000 per annum, providing significant reversionary income potential.
The property occupies a strong town centre position surrounded by a mix of national and independent occupiers including Nationwide, Poundland, Rowes the Bakers, William Hill and Oxfam. Redruth town centre continues to benefit from regeneration investment including improvements to the Buttermarket and surrounding cultural venues.
To the rear is a car park area offering potential future development opportunity, subject to obtaining the necessary planning permissions. Draft proposals have previously been commissioned for residential development, presenting further asset management upside.
Offered freehold and for sale via auction, the property represents an attractive opportunity for investors seeking immediate income with strong value-add and development potential.