Truro

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PRIME RETAIL PREMISES TO LET - 1 PYDAR STREET, TRURO TR1 2AR

New FRI lease for a term of 10 years at a guide rent of £75,000 per annum.

Prime Retail premises situated in the prime retail location at the junction of Pydar Street and King Street and comprising ground and first floor with secure yard with parking for four cars.

LOCATION:
Truro is the principal retail and administrative centre for Cornwall with a resident population of approximately 19,000 and an estimated retail catchment of just under 300,000. This population is increased considerably during the summer months due to the large influx of tourists.

DESCRIPTION:
The property is situated in a 100% prime retail location at the junction of Pydar Street and King Street. Other nearby retailers include Jack Wills, Clinton Cards, WH Smiths, New Look and Regatta.

DESCRIPTION:
The building was developed in 1982/3 and is arranged on ground and first floors and includes a secure rear yard with parking for four cars. A staircase 8.6m from the front of the building provides customer access to the first floor sales area. A separate rear staircase provides loading/staff access between ground and first floors. The property backs onto the Leats which provides rear loading to the shops along King Street, Pydar Street and St Nicholas Street.

ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Net internal width 6.19m
Shop depth 17.36m
Floor area 157.61 m² (1,696 ft²) GIA

First Floor
Floor area 156.66 m² (1,686 ft²) GIA

RENT/LEASE TERMS:
A new full repairing and insuring lease is offered for a term of 10 years subject to 5 yearly reviews at a guide rent of £75,000 per annum.

VAT:
The property is not registered for VAT.

BUSINESS RATES:
Rateable Value £65,000 as at 1st April 2023. A 75% discount for 12 months is available for certain occupiers.

Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: 0300 1234171.

LEGAL COSTS
The ingoing tenants will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease or tenancy agreement.

ENERGY PERFORMANCE CERTIFICATE:
Certificate Reference Number: 5367-8413-3572-3317-1241
Report Reference Number: 9499-5813-1476-3048-876

MONEY LAUNDERING REGULATIONS:
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients that are conducting property transactions through the Company.

VIEWING:
Viewing arrangements may be made through agents Charterwood on (01872) 261216.
Contact Stuart Sly – stuart@charterwood.com or Rosie Brenton – rosie@charterwood.com

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