Summary - 31-32, RIVER STREET TR1 2SJ
1 bed 1 bath Commercial Development
Income-producing shops with vacant flat offering uplift potential.
Freehold mixed-use building in central Truro corner position
A compact mixed-use freehold in central Truro, this Georgian corner property combines two ground-floor retail units with a vacant first-floor two-bed flat. Two small retail premises are occupied with new commercial leases being concluded, generating income now, while the empty flat offers immediate letting or refurbishment potential to increase returns.
The current total income stands at £16,980 per annum with scope to raise value through letting the vacant flat or reconfiguring accommodation subject to consents. The building benefits from strong town-centre visibility, large display windows and a prominent corner position close to transport and retail amenities, attracting steady pedestrian traffic.
Buyers should note the overall accommodation is modest in size (circa 334 sq ft) and the area scores as deprived, which may affect rental tone for some uses. Broadband speeds are reported slow, although mobile signal is excellent. Energy Performance asset ratings are currently applied for.
This lot suits an investor seeking a compact, income-producing property with short-term uplift potential from letting the flat and reversionary value from upcoming new shop leases. It is offered freehold at a guide price of £320,000.
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