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GRADE II LISTED RETAIL PREMISES TO LET - 12-13 RIVER STREET, TRURO
New full repairing and insuring lease for a term to be agreed. |
Grade II Listed premises situated in a popular secondary trading location midway along River Street arranged over three floors.
LOCATION:
Truro is well established as the principal retail centre for the County of Cornwall and provides some of the most attractive and comprehensive shopping in the south west. In addition, the Cathedral City is the administrative centre for the county with public sector occupiers including Cornwall Council and the combined Crown and County Courts. The city has a resident population of around 20,000 persons but has a catchment population of 265,000 persons which is increasing at an above average rate.
SITUATION:
The Grade II Listed premises occupy a popular secondary trading location midway along River Street. The area is predominantly occupied by a mix of national, regional and local traders with nearby occupiers including Rohan, JoJo Maman Bebe, Specsavers, Quiksilver, Mistral and White Stuff with Trevails and the Royal Cornwall Museum situated opposite the premises. There are also a number of offices within the vicinity.
DESCRIPTION:
The character premises comprise an impressive mid terraced building arranged over three floors. The well presented premises comprise self contained accommodation with extensive glazed frontage onto River Street. An external display area provides additional sales space, incorporated within the dimensions shown below. A staircase at the front of the shop accesses the first floor sales area. Staff toilet facilities can be situated either on the ground floor or second floor.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor sales area 128.7m² (1,385 ft²)*
First Floor sales area 95.8m² (1,030 ft²)
Second Floor rooms 93.8m² (1,009 ft²)
* This area will be slightly reduced in order to accommodate new toilet and staff facilitites.
LEASE TERMS:
The premises are available on a new full repairing and insuring lease, for a term to be agreed.
RENT:
A rent of £40,000 is sought, payable in advance. Consideration will be given to letting just the ground floor retail premises at a rent in the region of £35,000 per annum.
BUSINESS RATES:
The property is presently assessed at a Rateable Value of £47,500 per annum in the 2017 Rating List. However, a re-assessment will be necessary in order to exclude the second floor accommodation.
For further information regarding rates payable contact Cornwall Council - Tel: 0300 1234100
VAT:
We understand that the property is registered for VAT and VAT will therefore be payable on the rent payments.
SERVICES:
We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.
PLANNING:
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
LEGAL COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease documentation.
VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Stuart Sly.
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