West End, Redruth
Asking Price £250,000
Commercial
- Iconic Redruth landmark
- Mixed-use investment property
- Central town location
- Retail office with A2
- Two flats above office
- £24,830 annual income
- Busy town centre spot
- Commercial property type
- Ideal investment opportunity
- Viewing highly recommended
Nestled in the heart of the bustling West End of Redruth, this remarkable commercial property stands as an iconic landmark, offering a unique investment opportunity. The building boasts a mixed-use layout, featuring a prominent retail office space classified under A2, complemented by two flats situated above.
The entire investment generating an impressive annual yield of £24,830. This combination of commercial and residential elements makes it a sound investment for those looking to diversify their portfolio in a growing area.
With its rich history and central location, this property is not just a building; it is a part of the community's fabric.
PROPERTY
This is an iconic and substantial granite building located on the corner of this busy junction with an attractive curved window and is an ideal mixed use investment with an office with A2 use and two one bedroom flat above producing an annual income of £24830 pa.
LOCATION
Located in the heart of this thriving town of Redruth, a historic market town in west Cornwall, England, best known for its rich mining heritage and its role in the Cornish tin and copper industries. Located about 9 miles (14 km) west of Truro, it sits in the heart of the Cornwall and West Devon Mining Landscape, a UNESCO World Heritage Site.
There are many shops and local business and there is a mainline railway station on the London/Penzance line and a mile to the North is the A30 and a few miles further are the stunning North Coast beaches.
OFFICE
This is presently let an well stablished Estate agent with a lease 1st April 2024 to 31 March 2029 with a passing rent of £8750 pa.
With main office area, kitchen and WC areas.
TWO FLATS
Two one bedroom flats above the shop, accessed via the rear path.
Flat One rented out at £8460 pa
Flat Two rented out at £7620 pa
SERVICES
Mains Water, Electricity, Drainage.
Council Tax band for both flats 'A'
Shop subject to business rates Current ratable value £4050.
Apartment 1, West End House EPC:
https://find-energy-certificate.service.gov.uk/energy-certificate/0390-3386-7180-2906-0125
Apartment 2, West End House EPC:
https://find-energy-certificate.service.gov.uk/energy-certificate/0390-3286-7180-2906-4165
The Commercial units EPC:
https://find-energy-certificate.service.gov.uk/energy-certificate/7072-0090-8560-9775-2198
Property is in a convservation area.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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