Description
INCOME PRODUCING INVESTMENT*** Retail Unit in in EXCELLENT TRADING POSITION. Let to Superdrug producing £34,000 per annum on a FRI Lease with 5 years remaining.
Let to Superdrug Stores PLC 5 year FRI lease from 21.05.2026 Tenant break option in 2029 £34,000 p.a. Reversion 2031
Comprises ground floor retail with ancillary accommodation at first and second floors offices. Total accommodation of approx. 622.2 sq m (6,697 sq ft)
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £35,000 PER ANNUM
EXCELLENT LOCATION Meneage Street offers a well-positioned commercial location with a strong local customer base, good supporting amenities, and convenient transport links.
INCOME PRODUCING INVESTMENT*** Retail Unit in in EXCELLENT TRADING POSITION. Let to Superdrug producing £34,000 per annum on a FRI Lease with 5 years remaining. Let to Superdrug Stores PLC 5 year FRI lease from 21.05.2026 Tenant break option in 2029 £34,000 p.a. Reversion 2031 Comprises ground floor retail with ancillary accommodation at first and second floors offices. Total accommodation of approx. 622.2 sq m (6,697 sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £35,000 PER ANNUM EXCELLENT LOCATION Meneage Street offers a well-positioned commercial location with a strong local customer base, good supporting amenities, and convenient transport links.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £34,000 per year / £2,833 per month
Yield: 10% (approx)
Tenant: Company
Notes: Let to Superdrug Stores PLC 5 year FRI lease from 21.05.2026 Tenant break option in 2029 £34,000 p.a. Reversion 2031
Maps & Location
Map Street View SatelliteMeneage Street in Helston, Cornwall, occupies a prominent position within one of the town's principal commercial areas, close to the town centre and serving a well-established local catchment. Helston is an important market town for the surrounding rural communities and benefits from a mix of independent retailers, professional services, cafés, restaurants, banks, supermarkets, and public sector facilities that generate consistent pedestrian activity throughout the year. The town also attracts seasonal visitors due to its proximity to the Lizard Peninsula and Cornwall's south coast, providing additional trade for local businesses. In terms of transport, Meneage Street has good road connectivity via the A394, linking Helston with Penzance, Falmouth, and the A30 trunk road, while regular bus services connect the town with neighbouring communities and major towns across Cornwall. Although Helston no longer has a railway station, the nearest mainline rail services are available at Redruth, approximately 12 miles away, providing connections to Plymouth, Exeter, and London Paddington.
Document Downloads
Pricing Information & Bidding
Opening Bid: £324,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Submit Offer Now
Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
Calculate Deposit & Fee
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 40-42Meneage Street, Superdrug, Helston, Cornwall