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69A Market Jew St 3,953 sq ft 100% Let Office Property Penzance TR18 2LJ £500,000 (£126.49/sq ft)
Investment Highlights
- Freehold office investment with residential conversion consent
- Large gated rear compound providing valuable external space and parking
- Prior approval granted under PA25/09299 for four one-bedroom apartments
Executive Summary
Freehold town centre development opportunity comprising a two-storey office building extending to approximately 4,492 sq ft on a site of approximately 0.20 acres. The property benefits from a generous gated compound/car park and has prior approval consent under application reference PA25/09299 for conversion into four one-bedroom residential apartments. The property remains occupied by Alliance Automotive UKLV Ltd under a lease and offers potential for more extensive redevelopment subject to planning consent.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Office / Residential
Property Size
3,953 sq ft
Costar Property Class
B
Year Built
1980
Price
£500,000
Price per sq ft
£126.49
Occupancy Rate
100%
Number of Floors
2
Typical Floor Size
1,977 sq ft
Plot ratio
0.43
Total Plot Size
0.21 ac
Parking
3 Spaces (0.76 Spaces per 1,000 sq ft Leased)
Amenities
- Storage Space
- Smoke Detector
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69A Market Jew St
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