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GRADE II LISTED CENTRALLY LOCATED FREEHOLD INVESTMENT FOR SALE - 12-13 RIVER STREET, TRURO TR1 2SQ
Offers sought in the region of £500,000 for the freehold interest. |
Grade II Listed freehold investment premises for sale occupying a popular secondary trading location midway along River Street. Character premises comprise an impressive mid-terraced building 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)
LEASE DETAILS:
The property is let on a full repairing and insuring Lease subject to a schedule of condtion dated 3rd September 2018 for a term of 5 years. The passing rent is £40,000 per annum. A Tenant only break clause is incorporated on the third anniversary of the term. The break clause requires at least 6 months written notice.
FREEHOLD:
Offers sought in the region of £500,000 is sought for the freehold interest.
BUSINESS RATES:
Rateable Value £47,500 (2017 List)
For further information regarding rates payable and eligibility for small business relief 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.
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.
LEGAL COSTS:
Each party to be responsible for their own legal costs.
VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Jo Counter.
ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 57 (Band C)
Certificate Reference Number: 0720-0031-6499-8698-7002
Report Reference Number: 0798-9086-9640-7400-2103
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