Property photos
£80,000
Land for sale
Malpas Road, Truro TR139,857,400 sq. ft
Local area information
Property location
Nearby amenities
- Truro School 0.2 miles
- Truro High School 0.5 miles
- Truro 0.9 miles
- Tolverne Ferry Landing 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Truro to find out more about the local area.
Features and description
- Good investment; zero effort
- 10-year lease expiring 2032
- Return of 7.5% from 2027
- Located close to city centre
- Excellent tenant; good covenant
Dimensions:
Approx. 14.4m x 5.9m
Area - 85.0sqm (915sqft)
Number of Spaces - 6
Lease Terms:
Term - 10-Years
Commencement - 22nd April 2022
Expiry - 21st April 2032
Rent - £6,000pa from 22nd April 2027; £5,000pa currently.
Break - 21st April 2027
Security of Tenure - The lease is contracted Outside of the Landlord and Tenant Act.
Value Added Tax - The property is not opted to tax so VAT is not payable.
Agents Notes:
There are 2 leases, spaces 1-3 on one and 4-6 on the other, ideally these are each to be sold in separate financial years, the rents for each lease are £2,500pa rising to £3,000pa.
Approx. 14.4m x 5.9m
Area - 85.0sqm (915sqft)
Number of Spaces - 6
Lease Terms:
Term - 10-Years
Commencement - 22nd April 2022
Expiry - 21st April 2032
Rent - £6,000pa from 22nd April 2027; £5,000pa currently.
Break - 21st April 2027
Security of Tenure - The lease is contracted Outside of the Landlord and Tenant Act.
Value Added Tax - The property is not opted to tax so VAT is not payable.
Agents Notes:
There are 2 leases, spaces 1-3 on one and 4-6 on the other, ideally these are each to be sold in separate financial years, the rents for each lease are £2,500pa rising to £3,000pa.
More information
Listed by
Redgrave Commercial
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