Summary - 23, MARKET JEW STREET TR18 2HR
1 bed 1 bath Commercial Property
Town centre retail with immediate income and café potential.
Freehold mid-terrace retail unit on Market Jew Street
A compact town-centre retail freehold with immediate income, this mid-terrace unit sits on Market Jew Street in central Penzance. The ground floor is well-presented and currently configured for café use, while part of the first floor is let on a new six-year lease at £15,000 per annum, providing an income stream from day one.
The location benefits from strong pedestrian footfall and dense local amenities, including supermarkets, cafés and transport links, and enjoys excellent mobile and fast broadband coverage. There is scope to enhance returns by improving the ground-floor trading fit-out or reconfiguring the upper floor for longer-term residential or commercial let, subject to consents.
Important buyer notes: the new lease leaves only six years unexpired, which is likely to deter mortgage lenders and may limit purchaser demand to cash buyers or specialist investors. The property is in a very deprived area with high local crime rates, which is important for risk assessment and tenanting strategy.
Overall this is a pragmatic investment for a buyer seeking immediate rental income and town-centre trading potential, provided they accept the financing constraints and local social challenges. The freehold tenure and central location give clear upside if the lease term is extended or premises are re-let on longer terms.
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