Summary - AQUA HOUSE, 23, EMPIRE WAY TR11 4SN
1 bed 1 bath Light Industrial
Well-located investment with immediate rental income and refurbishment potential.
["Freehold light industrial site with two buildings, total 4,665 sq ft","Current income £34,400pa; gross yield ~8.6% at £400,000","Detached warehouse freezer store; 4.0m–5.8m eaves/roof apex","Private driveway and rear yard parking for around ten vehicles","Built 1987; mixed office, studio and storage accommodation","EPC Band E (asset rating 107); energy improvements likely needed","Parts reported damp/mould; dated internal condition requires refurbishment","Two business rates assessments; VAT and legal costs may apply"]
A substantial light-industrial freehold in Tregoniggie Industrial Estate, offered with three existing lets producing £34,400pa. The site includes a 1987-built main building plus a modern detached steel-frame warehouse used as a freezer store, private driveway and parking for around ten vehicles — practical for production, storage and small-scale distribution.
Income-focused buyers will value the current gross yield (approximately 8.6% at the £400,000 asking price) and separate tenancies that diversify risk. Tenants meet internal repair liabilities; one larger composite lease starts July 2025 with a tenant break option in 2028, while two smaller studio/room leases began in 2019 and include regular rent reviews.
Drawbacks are material and should be priced in: the EPC sits in Band E (asset rating 107), parts of the property have reported damp/mould, and the building presents a dated finish requiring investment for refurbishment. Business rates are split across two assessments, and VAT and legal costs apply in the usual way. These factors suit an investor or operator prepared to commit to targeted upkeep and energy improvements.
Overall this is a pragmatic commercial purchase in an established industrial location near Falmouth’s transport and marine amenities. It offers immediate rental income with short-to-medium term lease events and clear potential for value uplift through refurbishment, efficiency upgrades and active asset management.
Light industrial facility for sale in Carn Brea Studios, Barncoose Industrial Estate, Redruth, Cornwall, TR15 3XX, TR15 — £500,000 • 1 bed • 1 bath • 4569 ft²
Light industrial facility for sale in The Dry Sand Moulding Building, Perran Foundry, Perranarworthal, Falmouth, TR3 — £250,000 • 1 bed • 1 bath • 3900 ft²
Office for sale in Unit 10 Barncoose Industrial Estate, Redruth, Cornwall, TR15 — £275,000 • 1 bed • 1 bath • 1877 ft²
Industrial park for sale in 14 Cardrew Industrial Estate, Redruth, Cornwall, TR15 — £1,600,000 • 1 bed • 1 bath • 15912 ft²
High street retail property for sale in Retail/Showroom Premises, Barncoose Terrace, Pool, Redruth, TR15 — £395,000 • 1 bed • 1 bath • 1694 ft²
Commercial development for sale in Investment Opportunity, Edhen Park, Harvey Road, Truro, TR1 — £1,800,000 • 1 bed • 1 bath
