Camborne – Freehold Shop and Residential Ground Rent Investment
Unit - Cornwall
1-6 Gurneys Mews, Gurneys Lane, Camborne, Cornwall TR14 8JR
Freehold Shop and Residential Ground Rent Investment
- Purchase Price: £75,000
- Net initial yield of approximately 11.07% assuming normal purchaser’s costs
- VAT is applicable to this lot
- Asset Management Opportunity – finding tenant for No.6 could potentially increase the yield to circa 15.00%
- Comprises four ground ﬂoor shops with two ﬂats above (sold off)
- Occupiers close by include Boots Chemist, Boots Opticians, Aldi supermarket, Lloyds Bank, Costcutter, Consol, Shoe Zone, Royal Mail and The John Francis Bassett public house
The market town of Camborne is located in South Cornwall, between Penzance some 14 miles south-west and Newquay approximately 20 miles to the north-east. The town centre is located just a mile from the A30, Cornwall’s main arterial dual carriageway. The rail station also provides regular services on the London-Penzance line.
The property is situated north of Gurneys Lane, close to its junction with Cross Street. It is 1 mile south of the A30.
Occupiers close by include Boots Chemist, Boots Opticians, Aldi supermarket, Lloyds Bank, Costcutter, Consol, Shoe Zone, Royal Mail and The John Francis Bassett public house.
Tenancies & Accommodation:
Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.
Joseph Bachman is responsible for operations and investor relations within Blue Alpine Ltd. A strategically minded Entrepreneur and Director, possessing a 10+ year demonstrable track record of creating revenue growth and shareholder value. Expertise in International expansion, corporate restructuring, business development, sales and marketing strategies, financial management and fostering strong alliances. Since May 2010, when he co-founded the women’s luxury brand Paolita, Joseph has collaborated with over 200 global fashion brands. Prior 2010, Joseph worked in the private equity and hedge fund sectors as a consultant specialising in co-investment opportunities and fundraising.