TRURO • CORNWALL • TR1 2AY
Truro is the cathedral city of Cornwall and serves as the county's principal administrative, commercial and retail centre.
The subject property is located in a 100% prime position on the pedestrianised Pydar Street. Let to Trespass Leases Limited for a term of 5 years from 1st September 2025 (TBO in August 2028).
PROPOSAL
Seeking offers in excess of £475,000. A purchase at this level would reflect a Net Initial Yield of 10.00% after allowance for purchaser’s costs of 5.29%.
Truro is Cornwall’s only city and is the county’s principal administrative, cultural and retail centre. The city has a population of approximately 23,000, but commands a primary retail catchment of more than 320,000 people.
| Floor | Use | Sq Ft |
|---|---|---|
| Ground Floor | Sales | 2,126 |
| Ground Floor | Ancillary | 342 |
| First Floor | Sales/Ancillary | 1,843 |
| Second Floor | 2 Bed Flat | Sold Off |
| Total | 4,311 |
10 Pydar Street is an attractive Grade II listed mid-terrace building of traditional construction, featuring a rendered façade with sash windows and a prominent shopfront.
Trespass Leases Limited forms part of the established outdoor clothing group Trespass, a leading UK retailer headquartered in Glasgow. Founded in 1938, Trespass has grown into one of the country’s most recognisable outdoor and leisurewear brands with over 150 UK stores.
Term: 5 years from 1st September 2025
Expiry: 31st August 2030
Rent: £50,000 per annum
* Tenant only break option dated 31st August 2028. Rental top-up equivalent to 10% of turnover in excess of £350,000.