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RETAIL INVESTMENT - 46 TRELOWARREN STREET, CAMBORNE, TR14 8AG
£325,000 is sought for the freehold interest. |
RETAIL INVESTMENT situated within Trelowarren Street, the principal retailing area within Camborne comprising substantial ground floor sales area, with rear store, warehouse and secure yard to the rear.
LOCATION:
Camborne lies in west Cornwall in the former district of Kerrier and, together with Redruth, forms the most densely populated part of the county with a combined population of approximately 50,000 persons. Camborne is a relatively busy retail centre with two edge of town food stores, Tesco and Aldi and a reasonable selection of multiple and local independent retailers. One of Cornwall Council’s main offices and one of west Cornwall Magistrate’s Courts are located within the town, together with a number of private professional firms.
SITUATION:
The property lies within Trelowarren Street, the principal retailing area within Camborne. Nearby occupiers include Iceland, Costa Coffee, Bet Fred and Peacocks. Rear access to the property is gain from Mitchell Lane.
DESCRIPTION:
The property is currently occupied by Cornwall Air Ambulance as a charity shop selling clothing, furniture and household items. The shop comprises a substantial ground floor sales area with office, staff and toilets together with rear store and warehouse. A secure yard lies to the rear. The first floor comprises a furniture and household sales area and store. We understand that the property is the largest charity shop on the main street and the only one selling furniture. It is possible that there may be development potential.
ACCOMMODATION: (all dimensions and areas are approximate)
Ground Floor
Internal width 15.07 m
Shop depth 14.83 m
Sales area 206.60 m² (2,223 ft²)
Rear loading area 150.67 m² (1,621 ft²)
Stores & kitchen 62.15 m² ( 669 ft²)
Rear warehouse 54.45 m² ( 556 ft²)
First floor
Sales area 180.48 m² (1,942 ft²)
Office & stores 114.87 m² (1,236 ft²)
LEASE DETAILS:
The property is let to Cornwall Air Ambulance Trust on a lease dated 24th October 2011 for a term of 10 years from 24th October 2011 at a rent of £32,000 per annum. The lease is on FRI terms and was subject to a rent review after five years.
RATES:
Rateable value - £25,250 (2017 List)
SALE PRICE:
£325,000 is sought for the freehold interest.
VAT:
We understand the property is registered for VAT.
PLANNING:
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
SERVICES:
We have not tested the services connected to the premises and the ingoing purchaser should carry out their own inspection.
LEGAL COSTS:
Each party to be responsible for their own legal fees.
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:
THIS PROPERTY HAS A RATING OF 74 (Band C)
Certificate Reference Number: 0660-0438-9969-1290-5092
Report Reference Number: 0591-9409-6240-6990-6803
VIEWING:
By appointment through sole agent Charterwood on (01872) 261216.
Contact Stuart Sly or Jo Counter.
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