Summary - Unit 14,Cardrew Industrial Estate,Cardrew Way,REDRUTH,TR15 1SS TR15 1SS
1 bed 1 bath Warehouse
Reliable income with gated yard and strong HGV access.
Freehold detached warehouse of 15,912 sq ft (1,478 sq m)
A substantial detached warehouse and trade-counter offering a secure, long-standing income stream. The property extends to approximately 15,912 sq ft on a c.1.06 acre fenced and gated site, with room for around 30 car parking spaces and good HGV/van access. The building is steel-clad with roller shutters, a main warehouse area, a trade counter, and first-floor offices and welfare accommodation.
This is presented as a freehold investment producing circa £117,000 per annum, reflecting a 6.9% net initial yield at the asking price. The tenant is a national trade operator occupying the premises under a lease expiring in 2029, giving a near-term secure rental income for the purchaser.
Important consideration: only four years remain on the current lease. That short lease term is likely to deter many mortgage lenders, and some buyers may need to pursue cash or specialist funding. Investors should factor in lease renewal risk and potential re-letting costs at expiry.
The location on Cardrew Industrial Estate offers practical benefits—prominent estate position, easy road access, fast broadband and strong mobile signal—while the wider area records above-average crime, which may affect some occupier perceptions. Suitable for continued investment hold or owner-occupation when the lease ends, with scope for repositioning once vacant.
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