Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Truro and Cornwall.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“Cornwall's only city and commercial hub. Strong retail centre. Healthcare sector anchor.”
— CMB Market Analysis
Pydar Street mixed-use regeneration (Truro's largest development site); Truro Eastern District Centre; Langarth Garden Village (4,000+ homes); riverside and lemon quay improvements
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £15 psf | £6 psf | £6 - £15 psf |
| Retail / Shop | £17 psf | £10 psf | £10 - £17 psf |
| Industrial | £6 psf | £5 psf | £5 - £6 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
Truro benefits from growing private investor interest, particularly in office & professional services opportunities.
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Refurbished office space, Threemilestone
High street retail unit, Treliske
Self-contained industrial premises, Truro Cathedral
51-bed registered care home with gardens, City Centre
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Truro. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfileTruro presents development opportunities linked to Pydar Street mixed-use regeneration (Truro's largest development site). Growing demand from the Healthcare (Royal Cornwall Hospital) sector is creating opportunities for purpose-built commercial space and conversion projects. Strong transport links enhance viability for mixed-use and residential-led schemes.
Good appetite for quality retail and offices. Premium Cornwall location.
Our team has experience in Cornwall property finance markets.
Truro is Cornwall's only city and administrative capital, centred on its magnificent Victorian Gothic cathedral. The commercial property market benefits from strong demand across Healthcare (Royal Cornwall Hospital), Professional Services, Retail sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 5.3% and 20% price growth over five years, Truro offers compelling returns for commercial property investors. Excellent connectivity via GWR Cornwall Main Line hub to London/Plymouth supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including Pydar Street mixed-use regeneration (Truro's largest development site), further enhances the investment outlook and signals sustained public and private sector confidence.
Truro's commercial property market faces competition from nearby larger centres, which can limit tenant demand for certain asset types. Careful due diligence on local occupier markets and realistic yield expectations are essential for successful investment.
Truro's commercial property landscape has been shaped by Pydar Street mixed-use regeneration (Truro's largest development site). Growth in the Healthcare (Royal Cornwall Hospital) sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
Planning policy in Truro is set by Cornwall council through its adopted local plan. The authority supports commercial investment and has allocated sites for employment and mixed-use development. Pre-application advice is available and recommended for larger schemes to navigate local requirements efficiently.
Commercial property news for Truro will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Cornwall.
Commercial mortgage services available across Truro and surrounding areas. View larger map
Office rents in Truro range from approximately £6 per square foot for secondary space up to £15 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £12 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Truro vary by property type and grade. Current indicative yields are: offices at 7.92%-10.16%, retail at 6.54%-9.08%, industrial at 6.63%-8.67%, residential single-let at 8.04%, HMOs at 12.68%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Truro's commercial property market includes offices, retail units, industrial premises, care homes. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.
HMO investments in Truro can achieve yields of approximately 12.68%, compared to 8.04% for standard single-let properties. Truro has established HMO demand in key residential areas. Note that HMO licensing requirements vary by local authority -- check Article 4 directions before purchasing.
Care homes in Truro typically trade at around £46,375 per registered bed. A typical 48-bed home would therefore be valued between £928k and £2.8m. Care home financing is specialist in nature and we work with lenders who understand the operational and regulatory requirements of the sector.