Summary - GROUND FLOOR SHOP, 3-4, MARKET JEW STREET TR18 2HN
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Large ground floor retail space: 1,830 sq ft (170 sq m)
- Prime location on Market Jew Street, Penzance
- Current rental income of £15,000 p.a. with a Gross Initial Yield of 10.71%
- Long leasehold remaining: 999 years
- Established tenant since August 2025 with 10-year lease
- Close proximity to numerous retailers and local amenities
**Notable Concerns:**
- Requires renovation
- High local crime rate
- Slow broadband speeds in the area
This expansive retail property on bustling Market Jew Street offers an outstanding investment opportunity for savvy buyers. With a generous rental income potential of £15,000 per annum and a strong yield of over 10%, this ground floor shop allows for flexibility and growth with an established tenant in place. The location brims with vibrancy, drawing foot traffic from nearby high-profile retailers like Tesco, Specsavers, and Boots.
While the property requires some renovation, the potential for future appreciation in a popular tourist resort like Penzance is significant. With a long lease remaining and a peppercorn ground rent, the opportunity is ripe for investors aiming to capitalize on the area's commercial activity. However, be aware of the elevated crime rate and slow broadband speeds affecting the local environment. Don't miss out on this unique opportunity—such promising properties in this prime location don’t last long!
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