Available
St Austell – Vacant Shop & Ground Rent
28/30 Fore Street, St Austell, Cornwall PL25 5EPFreehold Vacant Retail & Residential Ground Rent Investment
Price
£89,000
Rent P.A.
ERV: £8,000
Tenure
Freehold
Area
1,614 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Vacant possession
- ERV: £8,000 p.a. GIY: 8.99%
- Comprises Ground Floor Shop and 5 x Residential Flats above (sold-off)
- Town centre location with nearby occupiers including Poundland, Boots, Sports Direct, Argos, Iceland, EE and many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises Ground Floor Retail Shop and 5 x Residential Flats above (sold-off), providing the following accommodation and dimensions:
Ground Floor Shop: 149.90 sq m (1,614 sq ft)
Open plan retail, Storage, Kitchenette, WC
First/Second/Third Floor: 5 Self-Contained Flats
Sold off
Ground Floor Shop: 149.90 sq m (1,614 sq ft)
Open plan retail, Storage, Kitchenette, WC
First/Second/Third Floor: 5 Self-Contained Flats
Sold off
Tenancy Description
The ground floor shop is at present vacant. ERV: £8,000 per annum.
The 5 residential flats have been sold-off on long leasehold for a term of 125 Years from 2nd July 2014 at a ground rent of peppercorn.
The 5 residential flats have been sold-off on long leasehold for a term of 125 Years from 2nd July 2014 at a ground rent of peppercorn.
Tenancies & Accommodation

Location Description
St Austell is a busy town 13 miles north-east of Truro. The town is an attractive tourist destination, with the world famous Eden Project located only 3 miles to the north-east of the town centre. The property is situated in the town centre with nearby occupiers including Poundland, Boots, Sports Direct, Argos, Iceland, EE and many more.