Property Information
Address:
Brunel House, Lower Fore Street, Saltash
, PL12 6BA
Price: Property no longer available.
Size: 21 sq ft2 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH644141
Property Ref/Agent: 3707
*Please use the agent ref when calling the agent directly.
Property description
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 Cashino Gaming Limited on the ground floor and United Care Concepts Limited and Psychology Associates Ltd on the floors above respectively.
The total rental income is £27,000 per annum and based upon a purchase at £325,000 this represents a net initial yield of 8.02% 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%
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