Fore St 1,533 SF Retail Building Bodmin PL31 2HQ $302,078 ($197.05/SF) 6.11% Cap Rate

Investment Consideration:
VAT is applicable to this property
Comprises ground floor shop with ancillary accommodation at first, second and third floor
Total area size of 142.44 sq m (1,533 sq ft)
Nearby occupiers include Halifax, Iceland, Card Factory, Costa Coffee and more.
Property Description:
The property comprises ground floor shop with ancillary accommodation at first, second and third floor, providing the following accommodation and dimensions:
Ground Floor: 55.77 sq m (600 sq ft)
Open Plan Retail
First Floor: 37.53 sq m (404 sq ft)
3 Rooms, Kitchenette, WC
Second Floor: 34.81 sq m (375 sq ft)
2 Rooms, Bathroom
Third Floor: 14.33 sq m (154 sq ft)
2 Rooms
Total area size: 142.44 sq m (1,533 sq ft)
Tenancy:
The property is at present let to Boots Opticians Professional Services Limited from 1st April 2018 to 30th September 2019 (holding over) at a current rent of £13,755 per annum and the lease contains full repairing and insuring covenants.
Location:
The town of Bodmin is located in the former North Cornwall district area and has a resident population of approximately 12,600 inhabitants. Retailing within the town centre is focused on Fore Street which includes a variety of national, regional and local traders. There are a number of industrial estates to the south east and north east of the town which benefit from easy access to the A38 and A30 dual carriageways. The A30 dual carriageway runs directly to the east of the town and is the main arterial route through Cornwall. The A38 runseast from the town and links with Liskeard and Plymouth beyond. There is a station on the Penzance to Paddington main line circa 4 miles southeast of the town at Bodmin Parkway.