Property photos
Just added
Freehold
Guide price
£225,000
(£109.86/sq. ft)
Retail premises for sale
1-3 Adelaide Street, Penzance, Cornwall TR182,048 sq. ft
Local area information
Property location
Nearby amenities
- Penzance 0.1 miles
- St Mary's Catholic School, Penzance 0.3 miles
- Penzance Ferry Terminal 0.3 miles
- Humphry Davy School 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Penzance to find out more about the local area.
Features and description
- Freehold
- Situated just off Market Jew Street
- Investment opportunity comprising two adjoining properties
- Yield of 9.54% after standard purchasers costs
- Lease to Seasalt Ltd expires 29th July 2028
- Rental income £22,000 per annum
- Longer term development potential subject to consents where required
Period freehold premises formed from two adjoining terraced properties, both with retail accommodation on the ground floor and ancillary on the upper parts. In addition to the retail ground floor, Number 1 has a basement area, staff welfare and office on the first floor and stores above on a second floor.
Number 3 Adelaide Street has ground floor retail floorspace and an attractive open plan stores/ ancillary area to the first floor.
The premises have been in retail use for many years and renowned as the first Seasalt shop est. In 1981.
Number 3 Adelaide Street has ground floor retail floorspace and an attractive open plan stores/ ancillary area to the first floor.
The premises have been in retail use for many years and renowned as the first Seasalt shop est. In 1981.
More information
Listed by
Vickery Holman Property Consultants
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