- Seller ref: 3230
- Listing ID: 183941
Retail Property For Sale Brunel House, Lower Fore Street, Saltash, PL12 6BA
- 0 Acres
- For Sale
- A1, B1, B2
- Sale Type:
- For Sale
- Rental Income:
- Property Type:
- Development Opportunity:
- Investment Opportunity:
- Energy Rating:
A mixed retail and office investment that is situated in a prominent location at the Eastern end of Fore Street, Saltash with Coral Racing Limited as its anchor tenant.
The premises occupy a prominent location in the principal retailing street of Saltash where numerous multiple, regional and local retailers are present. Saltash is the 6th largest town in Cornwall with a current population in excess of 16,000 and, as one would expect contains a mixture of both national and local occupiers primarily based around the retail centre of Fore Street. The property is prominently located on Fore Street on a row of retailers that include Barclays Bank, Martin McColl's Newsagents, Saltash Sports and Fox & Sons Estate Agents opposite Lloyds TSB and the Co-operative convenience store.
Brunel House is laid out over 3 floors with Coral Racing Limited on the ground floor and United Care Concepts Limited and Psychology Associates Ltd on the floors above respectively.
The total rental income is £25,000 per annum and based upon a purchase at £325,000 this represents a net initial yield of 7.43% after the allowance of purchasers costs of 3.57%.
* Mixed retail and office investment
* Tenants include Coral Racing Limited
* Prominent high street location
* Suitable for future redevelopment (STP)
* Net Initial Yield 7.28%