Investment.

Truro.

9/9A Pydar Street, TR1 2AX

Map View

Status.

Sold on 14/02/2024

Accommodation.

Ground Floor Sales 6,667 sq ft 619.61 sq m
Ground Floor ITZA 1,634 sq ft 151.86 sq m
First Floor Sales 1,951 sq ft 181.32 sq m
First Floor Ancillary 2,279 sq ft 211.80 sq m
Second Floor Ancillary 1,257 sq ft 116.82 sq m
First Floor Offices 1,008 sq ft 93.68 sq m
Second Floor Offices 1,229 sq ft 114.22 sq m

Price.

£1,050,000 (Subject to Contract and Exclusive VAT)

Location.

Truro is an attractive cathedral city and an important administrative and cultural centre for the South West. It is the dominant retailing destination in Cornwall.

Truro, serving as the administrative and cultural hub of Cornwall, is renowned for its breathtaking cathedral, charming Georgian architecture, and lively shopping scene. Positioned approximately 40 miles (65 km) west of Plymouth, 74 miles (119 km) southwest of Exeter, and 230 miles (370 km) southwest of London, the city boasts strategic geographical connections.

Description.

The central shopping area is efficiently organised, comprising 740,000 sq ft of retail floor space. The primary shopping hubs are concentrated along Pydar Street, extending further onto King Street and St Nicholas Street. Lemon Quay, located adjacent to the A39 to the south of the town centre, hosts stores for prominent brands such as M&S and Primark.

Rent.

£177,000.00 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of £15.93% and a reversionary yield of 9.45%.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

David Freeman.

Partner | Investment

Jonny Gooch.

Associate Partner | Investment

Contact.

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