Summary - GROUND FLOOR SHOP, 3-4, MARKET JEW STREET TR18 2HN
1 bed 1 bath Commercial Property
**Standout Features:**
- Rental Income: £16,500 p.a.
- Gross Initial Yield: 11.79%
- Large commercial premises over two floors
- Historic Victorian architecture with unique character
- Future residential development potential (subject to consents)
- Prime location in bustling Penzance retail district
- Long leasehold: 999 years remaining at a peppercorn ground rent
**Summary:**
Discover a unique investment opportunity in the heart of Penzance with this expansive two-floor commercial property currently operating as a gymnasium. Boasting an impressive total square footage of 3,616 sq ft, this Victorian building showcases tall ceilings and period features, combining heritage with modern functionality. The established rental income of £16,500 per annum delivers a strong gross yield of 11.79%, making it an enticing prospect for investors.
Positioned on a prominent cobbled street, this property benefits from high foot traffic and proximity to major retailers like Tesco and Boots, enhancing its appeal. While the current tenant's lease runs until 2033 with a rent review in 2028, the potential for future residential development (pending necessary consents) presents an exciting avenue for value enhancement. Potential buyers should note that the property may require renovations to meet modern standards. Don’t miss out on this exclusive opportunity to secure a substantial commercial space with promising future potential—act quickly, as offers like this are rare!
Commercial property for sale in 3-4 Market Jew Street, Penzance, Cornwall, TR18 — £250,000 • 1 bed • 1 bath • 5446 ft²
High street retail property for sale in 3-4 Market Jew Street, Penzance, Cornwall, TR18 — £140,000 • 1 bed • 1 bath • 1830 ft²
High street retail property for sale in 99 Market Jew Street, Penzance, TR18 — £300,000 • 1 bed • 1 bath • 2792 ft²
Commercial property for sale in Market Jew Street, Penzance, Cornwall, TR18 2HR, TR18 — £179,000 • 1 bed • 1 bath
Commercial development for sale in Development/Investment Opportunity, 10-11 Market Jew Street, Penzance, TR18 — £395,000 • 1 bed • 1 bath • 5737 ft²
Commercial development for sale in Mixed Investment, 12-13 Chapel St, Penzance, TR18 — £495,000 • 1 bed • 1 bath • 3500 ft²
