£250,000

Retail premises for sale

  1. Property photo 1 of 4.
  2. Property photo 2 of 4.
  3. Property photo 3 of 4.

£250,000

(£191.57/sq. ft)

Retail premises for sale

Market Jew Street, Penzance TR18

1,305 sq. ft

Local area information

Property location

Nearby amenities

  • Penzance 0.2 miles
  • Penzance Ferry Terminal 0.3 miles
  • St Mary's CofE Primary School, Penzance 0.4 miles
  • St Mary's Catholic School, Penzance 0.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Investment Consideration:
Gross Initial Yield: 8.40%
Rental Income: £21,000 p.a.
VAT is applicable to this property
Comprises two storey retail property with rear yard, trading as a Cornish bakery
Future residential development potential of the upper floor, subject to planning
Let to W.C. Rowe, a bakery established in 1949 and currently trading from 54 locations
Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, rnli Shop & Iceland amongst others.

Property Description:
Comprises two storey retail property t/a Rowe Cornish Bakers at ground floor with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 84 sq m (900 sq ft)
Open plan bakery, kitchen, storage
First Floor: 38 sq m (405 sq ft)
Ancillary accommodation
Total area size: 122 sq m (1,305 sq ft)

Tenancy:
The property is at present let to W.C. Rowe (Falmouth) Limited* for a term of 10 Years years from 1st February 2015 at a current rent of £21,000 p.a. And the lease contains full repairing and insuring covenants. Tenant in occupation since 2010.
* - W.C Rowe were established in 1949 and currently trade from 54 locations across the South West. For the year ended 2nd July 2022 W.C Rowe (Falmouth) Limited reported a Turnover of £27.8M, a pre-tax profit of £1.9M and shareholders funds of £4.5M

Location:
Penzance is a market town and a well established tourist centre on the Cornish Peninsular. The town is bordered to the north and east by the A30, a key arterial route through the South-West of England providing direct access to the M5 Motorway and A303. Penzance rail station is within 265 metres of the property providing direct services to London Paddington, Bristol and Exeter. The property is situated on the south side of Market Jew Street, at its junction with New Town Lane. Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, rnli Shop & Iceland amongst others.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Cornwall
  4. Penzance
  5. Market Jew Street

© 2024 Zoopla Limited. All rights reserved.

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.