Royal Institution of Chartered Surveyors

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Redruth

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COMMERCIAL INVESTMENT WITH RESIDENTIAL DEVELOPMENT POTENTIAL - ALMA PLACE/STATION ROAD, REDRUTH

COMMERCIAL INVESTMENT WITH RESIDENTIAL DEVELOPMENT POTENTIAL - ALMA PLACE/STATION ROAD, REDRUTH
£175,000 sought for the freehold interest.

Ref: S3193
  

The property comprises substantial corner block with planning consent to create four lock-up shops and four one bedroom flats (Application Number PA18/02326). The building underwent refurbishment a few years ago which included replacement of the roof.

LOCATION:
The market town of Redruth is located in central Cornwall and has a resident population of 14,018 persons (2011 Census). The combined conurbation of Redruth, Pool and Camborne however forms the most densely populated part of Cornwall and is generally regarded as the County’s industrial centre.

SITUATION:
The premises are located at the corner of Alma Place and Station Road, a short distance from the pedestrianised prime shopping area of Fore Street, close to the railway station and adjacent to a busy bus stop.

DESCRIPTION:
The property comprises a substantial corner block with planning consent to create four lock-up shops and four one bedroom flats. Application Number PA18/02326. The building underwent refurbishment a few years ago which included the replacement of the roof.

LEASE DETAILS:

Shop 1
Vacant

Shop 2
Vacant

Shop 3
Vacant

Shop 4
Let on a three year lease from 8th September 2017 on internal repairing and insuring terms at £4,500 per annum. The lease contains a tenant break clause exercisable at any time after the first 12 months on giving not less than six months’ written notice.

PRICE:
£175,000 is sought for the freehold interest.

VAT:
The property is not registered for VAT.

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

ENERGY EFFICIENCY RATING

Shop 1
THIS PROPERTY HAS A RATING OF 115 (Band E)
Certificate Reference Number: 0550-0838-6979-8406-8002
Report Reference: 0898-0866-7440-5900-5803

Shop 2
THIS PROPERTY HAS A RATING OF 88 (Band D)
Certificate Reference Number: 0260-2905-0338-4250-7000
Report Reference: 9240-4056-0083-0700-2521

Shop 3
THIS PROPERTY HAS A RATING OF 175 (Band G)
Certificate Reference Number: 0060-8943-398-3531-8070
Report Reference: 9837-4036-0489-0801-5301

Shop 4
THIS PROPERTY HAS A RATING OF 155 (Band G)
Certificate Reference Number: 0060-6999-0338-5550-4024
Report Reference: 9652-4056-0983-0400-5905

VIEWING:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.

Contact Stuart Sly – stuart@charterwood.com
or Jo Counter – jo@charterwood.com


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