Camborne - 1-6 Gurneys Mews, Gurneys Lane, Cornwall TR14 8JR Multiple Freehold Shops and Residential Ground Rent Investment

Camborne - 1-6 Gurneys Mews, Gurneys Lane, Cornwall TR14 8JR
Multiple Freehold Shops and Residential Ground Rent Investment

Camborne - 1-6 Gurneys Mews, Gurneys Lane, Cornwall TR14 8JR
Multiple Freehold Shops and Residential Ground Rent Investment
  Investment Consideration:
        Purchase Price: £100,000
        Gross Initial Yield: 10.10%
        VAT is applicable to this property
        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

  Tenancies & Accommodation:
      P ro p erty                                Ac c o mmo d atio n     Lessee & Trad e         Term            Cu rren t Ren t £ p .a.                 No tes
      No . 1 & 2                               30.45 sq m (328 sq ft)   Individual            3 years from              £3,200             Note 1: FRI
      (Gro u n d Flo o r                                                (E Gerardin)        1 February 2017                                Note 2: Rent Review every 2nd year
      Sh o p )
      No . 3 & 4                               28.05 sq m (302 sq ft)   Individual            5 years from              £3,000             Note 1: FRI
      (Gro u n d Flo o r)                                               (D Allen)            31 March 2018                                 Note 2: Reversion 2023
      No . 5                                   16.45 sq m (177 sq ft)   Individual            2 years from              £1,800             Note 1: FRI
      (Gro u n d Flo o r)                                               (A Wright)            1 July 2019                                  Note 2: Break Clause 30.06.2020
                                                                                                                                           Note 3: Reversion 2021

      No . 6                                   16.10 sq m (173 sq ft)   Individual            3 years from              £2,100             Note 1: FRI
      (Gro u n d Flo o r)                                               (T Evans)            1 March 2019                                  Note 2: Break Clause 01.03.2020
                                                                                                                                           Note 3: Reversion 2022
      No . 7 A                   Residential                            Individual           999 years from                £1              Reversion 24.03.2987
      (First Flo o r Flat)                                                                    25.03.1988
      No . 8 A                   Residential                            Cher Varya           999 years from                £1              Reversion 24.03.2987
      (Sec o n d Flo o r Flat)                                          (Housing) Ltd         25.03.1988
                                                                                                 To tal                £ 1 0 ,1 0 2

Camborne - 1-6 Gurneys Mews, Gurneys Lane, Cornwall TR14 8JR
Multiple Freehold Shops and Residential Ground Rent Investment

  Property Description:
  The property is arranged on ground and two upper floors to provide 4 ground floor shops and two flats sold off. The flats are accessed from the front.
  The property provides the following accommodation and dimensions:
  No. 1 & 2 Ground Floor Shop:               30.45 sq m    (328 sq ft)
  No. 3 & 4 Ground Floor Shop:               28.05 sq m    (302 sq ft)
  No. 5 Ground Floor Shop:                   16.45 sq m     (177 sq ft)
  No. 6 Ground Floor Shop :                  16.10 sq m     (173 sq ft)

  Tenancy:
  Shop No. 1 & 2 (Ground Floor) is at present let to E Gerardin for a term of 3 years from 1st February 2017 (Holding Over) at a current rent of £3,200 per
  annum and the lease contains full repairing and insuring covenants. Shop No. 3 & 4 (Ground Floor) is at present let to D Allen for a term of 5 years from
  31st March 2018 at a current rent of £3,000 per annum and the lease contains full repairing and insuring covenants. Shop No. 5 (Ground Floor) is at
  present let to A Wright for a term of 2 years from 1st July 2019 at a current rent of £1,800 per annum and the lease contains full repairing and insuring
  covenants. The lease provides the tenant the option to determine on the 30th June 2020. Shop No. 6 (Ground Floor) is at present let to T Evans for a term
  of 3 years from 1st March 2019 at a current rent of £2,100 per annum and the lease contains full repairing and insuring covenants. The two residential
  flats on the first and second floors are sold off on long leasehold to an individual for a term of 999 years from the 25th March 1988 at a current ground
  rent of £2 per annum (£1 per annum for each flat).

  Location:
  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.

Camborne - 1-6 Gurneys Mews, Gurneys Lane, Cornwall TR14 8JR
Multiple Freehold Shops and Residential Ground Rent Investment
Contacts:
To view copies of the leases, information on the title, other information, please contact Joseph Bachman
or Prash Jaitley.

             Joseph Bachman – COO                                     Prash Jaitley – Managing Partner
             M: +44(0)77236 19270                                     M: +44(0)79618 53166
             E: joseph@bluealpine.com                                 E: prash@bluealpine.com

   Address:
   Blue Alpine Partners Limited
   Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG
   Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ

   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.