Truro

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RETAIL INVESTMENT PROPETY FOR SALE - 1B PENGELLY WAY, THREEMILESTONE, TRURO TR3 6DP

Freehold guide price - £120,000

Retail investment property comprising a ground floor lock-up shop situated in Pengelly Way currently occupied by Warrens Bakery Limited.

LOCATION:
Threemilestone is a village on the north-western outskirts of Truro approximately three miles from the City Centre. The village is an expanding residential area and has developed to the point where the outer suburbs of Truro now merge with the residential developments surrounding Threemilestone. Threemilestone is also home to one of Truro’s principal industrial estates and Truro College.

SITUATION:
The premises are situated in Pengelly Way which accommodates a number of retail units to form a small neighbourhood shopping area. The surrounding shops include a convenience store, Chinese takeaway, fish and chip shop, hairdresser and pharmacy. Free parking lies opposite the shops.

DESCRIPTION:
The property comprises a ground floor lock-up shop with front sales area, rear storage and WC. The property is occupied as a retail bakery by Warrens Bakery Limited.

ACCOMMODATION: (All dimensions and areas are approximate)

Front sales 23.42 m² (252 ft²)
Storage 14.13 m² (152 ft²)
WC

LEASE:
Tenant: Warrens Bakery Limited
Term: 15 years from 25th July 2016
Rent £8,000 per annum
Rent Review: At three yearly intervals
Break Clause: Tenant break on 25th July 2026
Repairs/Insurance: Proportional full repairing and insuring terms

Warrens Bakery Limited are a Cornwall based baker established 150 years ago with over 50 shops in Cornwall, Devon, Somerset, Hampshire, Bristol, West Midlands and Greater Manchester. It also sells products on-line and through other retailers via its wholesale brand, Simply Cornish.

RATES:
Rateable Value £6,300 (2017 List)

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

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

ENERGY EFFICIENCY RATING:
The property has an EPC Rating of 76.

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

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