Available
Penzance – Land with Electricity Substation
Land at rear of 90-93 Market Jew Street, Penzance TR18 2LGFreehold Land Investment
Price
£25,000
Rent P.A.
£2,000
Yield
8.00%
Tenure
Freehold
Lease Term
99 Years
Years Left on Lease
72y 5m
Area
TBC
VAT Applicable
No
Sector
Investment Consideration
- Let until March 2098. No breaks.
- Comprises plot of land with single storey electricity substation
- Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises plot of land situated behind 90-93 Market Jew Street. The land includes single storey electricity substation which has been let on long lease.
Tenancy Description
The electricity substation is at present let to Charville Estates (Penzance) Limited for a term of 99 Years from 25th March 1999 at a current rent of £2,000 p.a. and the lease contains full repairing and insuring covenants. Reversion 2098.
Tenancies & Accommodation
Location Description
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 and the rear of 90-93 Market Jew Street. Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.