Summary - 22, COMMERCIAL STREET TR14 8JY
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime retail location in central Camborne
- Historic Victorian-style building with grand storefront windows
- Currently leased with a secure rental income
- Gross Initial Yield: 6.50% with a rental increase to £9,000 per annum in 2024
- Leasehold tenure with 973 years remaining
**Property Details:**
Presenting an excellent investment opportunity on Commercial Street, this substantial retail unit exudes charm with its Victorian architecture and high ceilings. Spanning 672 sq ft, the property features a large shop area complemented by additional storage, a kitchen, and W/C facilities. Its strategic location near established businesses such as WH Smith and Wetherspoons ensures consistent foot traffic, enhancing its rental appeal.
**Investment Highlights:**
This leasehold retail space is currently generating a rental income of £7,800 per annum, secured under a six-year lease, with a fixed increase approaching fast. Investors can capitalize on its prime position and potential for value appreciation without the hassle of VAT—making it an enticing option.
**Considerations:**
While the vibrant urban setting offers numerous local amenities and transport connectivity, the area is noted for higher crime rates and moderate socio-economic challenges, which may influence retail performance. Potential buyers should evaluate the property's condition and any required maintenance.
This unique offering is ideally suited for investors seeking a commercial property with immediate cash flow and promising future rental growth. Don't miss this chance to secure a stake in the bustling heart of Camborne's high street.
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