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Investment
News and Deals
St Mary's Street Mews, Truro
The freehold interest in Units 2, 3, 4, & 5 St Mary’s Street Mews, Truro has been sold to a local investor.
The property interest was somewhat unusual in that the income is receivable from four independent long leasehold interests, with about 120 years unexpired, producing a total rental of £4,800 pa.
The ground rent investment sale shows a net initial yield of circa 5.25%, with the property having been sold off an asking price of £90,000.