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Guide price £950,000
Iceland Foods Plc25 Fore Street, Redruth
- New
- Freehold
Key features
- Investment let at £93,126 p.a. (9.8% GIY on guide)
- Fixed rent increase to £105,364 in February 2025 (11.09% GIY on guide)
- Let to Iceland Foods Limited 25 years from 2005 (no breaks)
- Approximately 12,560 sq ft
- situated on 0.64 of an acre with a large car park to the rear
- Nearby occupiers include Superdrug, Boots the Chemist and Poundland
- Located on a pedestrianised street
- 6 week completion
- Register to bid on Savills Auctions website by 5pm on 7 May
To be sold via online auction on 8 May 2024, unless sold prior. Find out more...
About this property
Of interest to Investors Freehold supermarket investment let to Iceland Foods Limited with upcoming fixed rent review in 2025 Investment let at £93,126 p.a. (rising to £105,364 p.a. in February 2025)
Local information
- 9 Miles west of Truro
- 17 miles north-east of Penzance
- Connected by Redruth Railway Station and Newquay airport
Additional information
- The property comprises a ground floor supermarket with ancillary accommodation on the lower ground, first and second floors. The property benefits from a secondary entrance to the rear of the store that opens onto the customer car parking area with parking for about 45 cars.
- The property is prominently positioned on the northern side of Fore Street, close to its junction with Alma Place in the heart of the town centre. Nearby occupiers include Superdrug, Boots the Chemist and Poundland