Royal Institution of Chartered Surveyors

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Truro

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FREEHOLD FOR SALE - 15 FRANCES STREET, TRURO TR1 3DN

FREEHOLD FOR SALE - 15 FRANCES STREET, TRURO TR1 3DN
Offers sought in excess of 250,000 for the freehold interest

Ref: 4704
  

Ground floor shop with basement storage and separately accessed first floor flat with rear parking available situated in popular secondary trading location of Frances Street.

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 building occupies a popular secondary trading location along Frances Street. The area is occupied by a mix of local independent businesses with nearby occupiers including Shanaz Restaurant, The Dental Hygiene Suite, Marzipan Hair Salon and Out of Wood bespoke kitchen designer.

DESCRIPTION:
The building is arranged on three floors. The ground floor shop has a large traditional shop front leading to an open plan sales area. Stairs at the back of the shop lead to a basement storage area with a kitchenette and WC.

The residential flat is separately accessed from the front of the building and comprises a bathroom on a half landing level, living room, kitchen and bedroom. Stairs from the ground floor hallway lead to a lower ground floor utility room which leads out to the rear garden. A single parking space exists at the rear although the potential exists to create an additional parking space.

ACCOMMODATION: (All dimensions and areas are approximate)

Commercial Part
Ground floor
Net internal width 4.36 m narrowing to 4.02 m at the rear
Shop depth 7.78 m
Sales area 29.11 m (313 ft)
Basement
Store/kitchenette 23.20 m (250 ft)
WC

Residential accommodation
Half landing
Bathroom 2.62 m x 2.29 m 6.00 m (65 ft)
First floor
Living room 4.01 m x 3.60 m (max) 13.93 m (150 ft)
Bedroom 4.02 m x 3.93 m (max) 12.45 m (134 ft)
Kitchen 2.32 m x 2.54 m 5.89 m (63 ft)
Lower ground floor
Utility 2.72 m x 2.32 m 6.31 m (68 ft2)

SALE PRICE
Offers in excess of 250,000 are sought for the freehold interest.

BUSINESS RATES/COUNCIL TAX:
Shop and basement store Rateable Value 5,800
Residential flat Council Tax Band A

Qualifying occupiers will be eligible for 100% small business relief on the rates.
Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: 0300 123 4171.

VAT:
We understand that the property is not registered for VAT.

LEGAL FEES:
Each party to be responsible for their own legal fees in dealing with documentation.

SERVICES:
We understand the property is connected to mains electricity, mains water and mains drainage with separate supplies to the shop and flat. Mains gas is available in the area. Heating to the residential flat is provided by electric night storage heaters. We have not tested the services connected to the premises and the ingoing purchaser should carry out their own inspections.

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

PLANNING:
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for their proposed use.

ENERGY PERFORMANCE CERTIFICATE:

15 Frances Street, Truro (Retail)
Certificate No. 8597-1823-7740-9293-6286
Recommendation Report No. 7298-7569-2616-0606-2951


15a Frances Street, Truro (Top Floor Maisonette)
Certificate No. 1500-7621-0322-1095-3573

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


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FREEHOLD FOR SALE - 15 FRANCES STREET, TRURO TR1 3DN

FREEHOLD FOR SALE - 15 FRANCES STREET, TRURO TR1 3DN



New Instructions:

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11 Edward Street, Truro Tr1 3ar


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