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Mitchell's Corner 4 Boscawen Rd 1,211 sq ft Retail Property Perranporth TR6 0EW £425,000 (£350.95/sq ft) 8.05% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Income producing asset
- Comes with residential assets
- Well located with ample parking
EXECUTIVE SUMMARY
A substantial detached freehold property comprises a ground floor shop, let to Saltrock Surfwear Limited, and two residential units together with rear studio. The ground floor shop is trading as Saltrock (approximately 20 stores within the south west) opened in 2024. The shop is attractively presented with good display frontage, ancillary stores and toilet located to the rear. External access is provided to the two residential units, currently let on AST agreements, and comprises a 3-bedroom apartment and a 1-bedroom
studio flat. At the rear of the site is a studio presently used as a therapy centre.
studio flat. At the rear of the site is a studio presently used as a therapy centre.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,211 sq ft
Costar Property Class
B
Year Built
1902
Price
£425,000
Price per sq ft
£350.95
Yield
8.05%
NOI
£34,200
Tenancy
Single
Number of Floors
2
Plot ratio
0.41
Total Plot Size
0.07 ac
AMENITIES
- Security System
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Mitchell's Corner | 4 Boscawen Rd
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