Royal Institution of Chartered Surveyors

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Truro

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CENTRALLY LOCATED FREEHOLD INVESTMENT FOR SALE - THE LEATS

CENTRALLY LOCATED FREEHOLD INVESTMENT FOR SALE - THE LEATS
Offers in excess of 100,000 plus VAT for the freehold.

Ref: 3866
  

Two storey end of terrace building located in a central position with the City of Truro. The accommodation offers 25 covers arranged on both ground and first floors.

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 75,000. This population is increased considerably during the summer months due to the large influx of tourists.

SITUATION:
The premises are located in a central position within the City, with access from both The Leats and Tonkins Ope which leads directly on to King Street. Nearby occupiers include Save The Children and the Nalders Court shopping arcade. The iconic Truro Cathedral faces Tonkins Ope.

DESCRIPTION:
The distinctive premises comprise a two storey end of terrace building. The well presented accommodation offers 25 covers arranged on both ground and first floors. A fully equipped kitchen is situated on the ground floor, with the first floor providing an attractive, naturally lit, seating area, useful storage and toilet facilities.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Sales/Seating - 16.85m - (181 ft)
Kitchen - 8.05m - ( 87 ft)

First Floor
Seating - 22.50m - (242 ft)
Store - 0.94m - ( 10 ft)
WC

SERVICES:
We understand that the property is connected to mains gas, electricity, water and drainage. A fire alarm has been installed. We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

LEASE DETAILS:
The property is let on an internal repairing and insuring Leased dated 3rd July 2019 for a term of 6 years. The passing rent is 8,000 plus VAT per annum. A rent review on the third anniversary. A Tenant only break is incorporated on the third anniversary of the term. The break clause requires at least 6 months written notice.

FREEHOLD:
Offers in excess of 100,000 plus VAT is sought for the freehold interest.

BUSINESS RATES:
Rateable Value 7,400 (2017 List)

The property is eligible for Small Business Rate Relief. For further information contact Cornwall Council - Tel: 0300 123 4100.

VAT:
We understand that the property is registered for VAT and VAT with therefore be payable on the sale price.

COSTS:
Each party to be responsible for their own legal costs.

VIEWING:
By appointment through Charterwood on (01872) 261216. Contact Stuart Sly or Jo Counter.

ENERGY EFFICIENCY RATING - 120

Certificate Reference Number: 9804-3093-0409-0500-3521
Report Reference Number: 0380-0540-0499-4923-5002

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New Instructions:

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Click Here! Exciting New Development
Retail Units Available Spring 2021
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Click Here! Prime Shop To Let
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Click Here! Prime Shop To Let
40 Market Place, Penzance (available From 25th November 2019)

www.charterwood.com
17a River Street - Truro - Cornwall - UK - TR1 2SQ
Tel: 01872 261216
Fax: 01872 261359