Truro

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INVESTMENT FREEHOLD FOR SALE - 24 NEW BRIDGE STREET, TRURO TR1 2AA

Freehold offers sought in the region of £250,000

Ground floor shop with first floor staff/storage suitable as an investment or owner occupation. Potential for residential conversion of the first floor, subject to consent.

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 approximately 23,000 persons but has an estimated catchment population of 265,000 persons

SITUATION:
The property occupies a popular secondary trading location in New Bridge Street close to the junction with Duke Street and St Mary’s Street. The area is occupied by a mix of local independent businesses with nearby occupiers including Warrens Bakery, Duke Street Delicatessen, Martin & Co Letting Agents, Standen Opticians and Zafiros Bar and Restaurant. Local authority parking is in close proximity.

DESCRIPTION:
The mid-terraced building is arranged on two floors and has traded for a number of years as a ladies boutique and before that as an antique shop. The ground floor has a large traditional shop front with a central glazed entrance door leading to an open plan sales area with fitting room, storage, kitchenette and staff toilet. A staircase leads to the first floor which comprises an open plan area suitable for storage or staff accommodation, but with potential for conversion to a self-contained residential flat subject to consent..

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Net internal width 8.57 m
Shop depth 8.06 m
Sales area 58.91 m² (634 ft²)
Store 7.10 m² (76 ft²)
Kitchenette 3.57 m² (38 ft²)
Staff Toilet

First Floor
Store 67.36 m² (725 ft²)

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

BUSINESS RATES/COUNCIL TAX:
The property is assessed as a “Shop and Premises” with a Rateable Value of £21,750.

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 costs incurred in the transaction.

SERVICES:
We understand the property is connected to mains electricity, mains water and mains drainage. Heating is provided by electric radiators. The property is fitted with a security alarm and fire alarm.

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.

Subject to planning consent, potential exists to convert the first floor into a self-contained residential flat.

ENERGY PERFORMANCE CERTIFICATE:
Certificate Reference No. 7903-3778-4935-0668-5551
Recommendation Report No. 1133-7680-5245-6518-4361

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

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