Retail in St Levan available for sale
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Retail Properties for Sale near St Levan, Penzance

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Retail Properties for Sale Within 5 miles of the St Levan, Penzance

More details for 35 St. James St, Penzance - Retail for Sale

The Royal British Legion - 35 St. James St

Penzance, TR18 2BU

  • Retail for Sale
  • £290,000
  • 2,070 sq ft

Penzance Retail for Sale

Offered for sale is the Penzance British Legion due to a change of premises. The building offers three floors with the ground floor consisting toilets, pump room and storage. The first floor has a large bar area and an unused second floor has a further large function room and bar. Commercial unit only with no business element.

Contact:

Stacey Mann Estates

Date on Market:

27/03/2025
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More details for 3-4 Market Jew St, Penzance - Retail for Sale

3-4 Market Jew St

Penzance, TR18 2HN

  • Retail for Sale
  • £140,000
  • 3,427 sq ft

Penzance Retail for Sale

Investment Consideration: Gross Initial Yield: 12.60% Rental Income: £31,500 p.a. VAT is applicable to this property Comprises double fronted shop at ground floor and a self-contained first & second floor t/a Gymnasium Future development potential of the upper floors, subject to obtaining the necessary consents Located in the heart of the town centre with occupiers close by including Barclays, Specsavers, O2 and more. Property Description: Comprises double fronted retail shop at ground floor and a self-contained first & second floor, accessed from the front of the building and t/a Gymnasium. The property provides the following accommodation and dimensions: Ground Floor: 170 sq m (1,830 sq ft) Open plan retail, Office, Kitchen, Store, WC Basement: Not inspected First Floor: 165 sq m (1,776 sq ft) Gymnasium Second Floor: 171 sq m (1,840 sq ft) Gymnasium Total GIA: 506 sq m (5,446 sq ft) Tenancy: Ground floor shop is at let to an Individual t/a Convenience Store for a term of 10 Years from 7th August 2025 at a current rent of £15,000* p.a. and the lease contains full repairing and insuring covenants. Rent review in August 2030 linked to RPI. Tenant option to determine in August 2030 with min 6 months notice. Deposit held of £3,000. *Tenant pays reduced rent of £12,000 p.a. in Years 1&2, £13,000 p.a. in Year 3, £14,000 p.a. in Year 4 and £15,000 p.a. in Year 5. The vendor will top-up rent until 7 August 2029, so the buyer receives the equivalent to £15,000 p.a. from completion The first/second floor accommodation is at present let to an Individual for a term of 15 years from 18th June 2018 at a current rent of £16,500 per annum and the lease contains full repairing and insuring covenants. Rent review from 2023 outstanding. Rent review on 18.06.28 open market upward only. Mutual option to determine on 18.06.28 with min 3 months notice. Location: The property is situated in the popular tourist resort of Penzance, on the western side of the principal retailing pitch of Market Jew Street, and 300 metres from Penzance Railway Station. The property is located a short distance from Wharfside Shopping Centre, which includes retailers such as Costa, Iceland and numerous independent retailers. Nearby retailers include Tesco Express, Co-op Convenience Store, Boots the Chemist, Superdrug, WHSmith, Sports Direct, Saltrock, Domino's and JD Wetherspoon.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Shopfront

Date on Market:

21/09/2024
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LoopNet UK Cornwall Penzance Retail Properties For Sale in St Levan, Penzance, UK

Learn More About Investing in Retail Properties

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FAQs about Retail property for sale in St Levan

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in St Levan?
There are currently 0 Retail Properties available for sale near St Levan. These St Levan Retail Property listings have an average size of. The largest available listing in St Levan is. The thriving commercial centre and excellent transport links in St Levan make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in St Levan?
The average price/SF for Retail Property for sale in St Levan is about. The cost per sq ft for Retail Property in St Levan ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in St Levan?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in St Levan?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in St Levan is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the St Levan, Penzance

With 0 retail units currently available for sale in St Levan, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in St Levan, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in St Levan, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in St Levan can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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