12-13 river street, truro, tr1 2sq
12-13 RIVER STREET, TRURO, TR1 2SQ
• • • •
LARGE RETAIL PREMISES CENTRAL CITY LOCATION FREEHOLD OR LEASEHOLD VERSATILE PROPERTY
£550,000
C39619 LOCATION River Street is one of the best secondary retailing pitches within the city of Truro. It incorporates numerous long-standing local retailers, including Trevails and Simpsons together with national operators such as White Stuff and Specsavers. River Street is open and offers excellent pedestrian use; both sides of the street, together with plenty of on street car parking. The property is situated opposite the County Museum and café as well as one of the busy bus stops. Nearby trading is also carried out in Little Castle Street, Kenwyn Street and Frances Street. DESCRIPTION This Listed property was formerly the Imperial Hotel, having been converted for retail purposes by the current owners in 1986. The building has an internal steel frame and presents very high ceilings to both ground and first floors of approximately 3m. The property is extremely versatile and may be used as a whole or split to comprise a shop unit on the ground and first floor, with the first and second floors capable of continued retail and storage use. Alternatively, using the independent side access to the right-hand side of the shop, a conversion of both or either of the upper floors may be made to two/ four flats (a scheme has been drafted by our clients-subject to planning). The property has a gross frontage of 14m. SCHEDULE OF ACCOMMODATION Shop Depth: 9.25 m Shop Width 12.67 m Total main retail area 117.9 sq m Rear retail Area: 7.39 m x 3.94 m. Total 29.1 sq m Total Ground floor retail area 148 sq m Stairs to first and second floors via retail area or front side access. First floor Retail area: 117.54 sq m Second floor: 112.5 sq m TERMS The versatile property is offered on a variety of different terms: A) Freehold: with or without the benefit of adjoining premises-see below. B) Long leasehold: Our client will consider the disposal of the upper floor/s for residential development (subject to planning). C) Leasehold: A lease for the whole or parts of the building. Freehold or leasehold on the options noted below. Freehold: Offers sought of £550,000. Long Leasehold: Offers are invited. Leasehold-whole property: £47,500 per annum. (excluding rear retail area). Leasehold-ground floor only: £35,000 per annum (excluding rear retail area). NB. PIERO'S INVESTMENT ON KENWYN STREET (LARGE PROPERTY IMMEDIATELY TO THE REAR) IS ALSO AVAILABLE BY SEPARATE NEGOTIATION. LEGAL COSTS Each party to bear their own costs in respect of a freehold disposal. The tenant is to bear the reasonably incurred costs of the landlord in respect of a leasehold disposal. BUSINESS RATES We refer you to the government website https://www.tax.service.gov.uk/ view-my-valuation/search which shows that the current rateable value is £47,500. To find out how much business rates will be payable there is a business rates estimator service via the website. VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable.
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate. AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39. VIEWING: Strictly by prior appointment through Miller Commercial.
ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is TBA. CONTACT INFORMATION For further information or an appointment to view please contact either:Mike Nightingale on 01872 247008 or via email [email protected] or Tom Smith on 01872 247013 or via email [email protected]
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015
• • • •
LARGE RETAIL PREMISES CENTRAL CITY LOCATION FREEHOLD OR LEASEHOLD VERSATILE PROPERTY
£550,000
C39619 LOCATION River Street is one of the best secondary retailing pitches within the city of Truro. It incorporates numerous long-standing local retailers, including Trevails and Simpsons together with national operators such as White Stuff and Specsavers. River Street is open and offers excellent pedestrian use; both sides of the street, together with plenty of on street car parking. The property is situated opposite the County Museum and café as well as one of the busy bus stops. Nearby trading is also carried out in Little Castle Street, Kenwyn Street and Frances Street. DESCRIPTION This Listed property was formerly the Imperial Hotel, having been converted for retail purposes by the current owners in 1986. The building has an internal steel frame and presents very high ceilings to both ground and first floors of approximately 3m. The property is extremely versatile and may be used as a whole or split to comprise a shop unit on the ground and first floor, with the first and second floors capable of continued retail and storage use. Alternatively, using the independent side access to the right-hand side of the shop, a conversion of both or either of the upper floors may be made to two/ four flats (a scheme has been drafted by our clients-subject to planning). The property has a gross frontage of 14m. SCHEDULE OF ACCOMMODATION Shop Depth: 9.25 m Shop Width 12.67 m Total main retail area 117.9 sq m Rear retail Area: 7.39 m x 3.94 m. Total 29.1 sq m Total Ground floor retail area 148 sq m Stairs to first and second floors via retail area or front side access. First floor Retail area: 117.54 sq m Second floor: 112.5 sq m TERMS The versatile property is offered on a variety of different terms: A) Freehold: with or without the benefit of adjoining premises-see below. B) Long leasehold: Our client will consider the disposal of the upper floor/s for residential development (subject to planning). C) Leasehold: A lease for the whole or parts of the building. Freehold or leasehold on the options noted below. Freehold: Offers sought of £550,000. Long Leasehold: Offers are invited. Leasehold-whole property: £47,500 per annum. (excluding rear retail area). Leasehold-ground floor only: £35,000 per annum (excluding rear retail area). NB. PIERO'S INVESTMENT ON KENWYN STREET (LARGE PROPERTY IMMEDIATELY TO THE REAR) IS ALSO AVAILABLE BY SEPARATE NEGOTIATION. LEGAL COSTS Each party to bear their own costs in respect of a freehold disposal. The tenant is to bear the reasonably incurred costs of the landlord in respect of a leasehold disposal. BUSINESS RATES We refer you to the government website https://www.tax.service.gov.uk/ view-my-valuation/search which shows that the current rateable value is £47,500. To find out how much business rates will be payable there is a business rates estimator service via the website. VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable.
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate. AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39. VIEWING: Strictly by prior appointment through Miller Commercial.
ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is TBA. CONTACT INFORMATION For further information or an appointment to view please contact either:Mike Nightingale on 01872 247008 or via email [email protected] or Tom Smith on 01872 247013 or via email [email protected]
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015
