investment, 65 trelowarren street, camborne, tr14 8al
INVESTMENT, 65 TRELOWARREN STREET, CAMBORNE, TR14 8AL
• • • • •
COMMERCIAL INVESTMENT 2 X RETAIL UNITS 1 X 1 BED FLAT SEPARATE ACCESS MAIN STREET LOCATION DEVELOPMENT OPPORTUNITY 2 STOREY BUILDING TO REAR WITH POTENTIAL FOR CONVERSION TO RESIDENTIAL STP • TOTAL RENTAL INCOME £12,180 PAX
GUIDE PRICE £175,000 FREEHOLD
C37476
LOCATION Trelowarren Street is the main shopping street for Camborne and this property is located in the middle to western end of the street. In 2007 Camborne had a population of 22,500 has this number will have increased considerably during this time. Camborne/Redruth is part of the largest conurbation in Cornwall with a population of nearly 40,000 persons. SITUATION 65 Trelowarren Street offers two retail units on the ground floor with a separate 1 bedroom residential flat above. The property offers a development opportunity at the rear which currently comprises an outbuilding for a possible residential mews. The 1 bedroom flat is accessed at the rear of the property which is let and has undergone refurbishment recently with new PVC windows installed. SCHEDULE OF ACCOMMODATION (All measurements are approximate) Ground Floor Retail Unit 65- front section 3.7m x 4m and rear section 3.12m x 3.5m and a kitchen area of 1.98m x 1.75m giving a net internal area of 29.19 sqm (314.2 sqft). This is presently let to K9 Crusaders on a temporary let for £3,380 pax but is to be reviewed June 2018. Retail Unit 65a - front section 3.66m x 6m and rear section 1.52m x 1.45m and the kitchen 1.98m x 1.52m giving a net internal area of 27.16 sqm (292.3 sqft) which is available off a guide rent of £3,600 pax reviewed July 2018. LEASES Unit 65 is let on a 3 year lease with a commencement date of June 2015 and outside the Landlord & Tenant Act 1954 Part II. The
passing rent on this unit is £3,380 pax. Unit 65a is let on a 3 year lease with a commencement date of July 2015 with a passing rent of £3,600 pax for a minimum 3 year term. The 1 bedroom flat is presently let and achieving a rental figure of £5,200 pax. The 2 storey granite building to the rear is presently let out on an informal basis and achieving a rent of £1,044 pax. LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is within Band D. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171 SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VAT All the above prices/rentals are quoted exclusive of VAT, where applicable. CONTACT INFORMATION For further information or an appointment to view please contact Mary Rose Callaghan on 01872 247025 or via email [email protected]
C37476
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.
• • • • •
COMMERCIAL INVESTMENT 2 X RETAIL UNITS 1 X 1 BED FLAT SEPARATE ACCESS MAIN STREET LOCATION DEVELOPMENT OPPORTUNITY 2 STOREY BUILDING TO REAR WITH POTENTIAL FOR CONVERSION TO RESIDENTIAL STP • TOTAL RENTAL INCOME £12,180 PAX
GUIDE PRICE £175,000 FREEHOLD
C37476
LOCATION Trelowarren Street is the main shopping street for Camborne and this property is located in the middle to western end of the street. In 2007 Camborne had a population of 22,500 has this number will have increased considerably during this time. Camborne/Redruth is part of the largest conurbation in Cornwall with a population of nearly 40,000 persons. SITUATION 65 Trelowarren Street offers two retail units on the ground floor with a separate 1 bedroom residential flat above. The property offers a development opportunity at the rear which currently comprises an outbuilding for a possible residential mews. The 1 bedroom flat is accessed at the rear of the property which is let and has undergone refurbishment recently with new PVC windows installed. SCHEDULE OF ACCOMMODATION (All measurements are approximate) Ground Floor Retail Unit 65- front section 3.7m x 4m and rear section 3.12m x 3.5m and a kitchen area of 1.98m x 1.75m giving a net internal area of 29.19 sqm (314.2 sqft). This is presently let to K9 Crusaders on a temporary let for £3,380 pax but is to be reviewed June 2018. Retail Unit 65a - front section 3.66m x 6m and rear section 1.52m x 1.45m and the kitchen 1.98m x 1.52m giving a net internal area of 27.16 sqm (292.3 sqft) which is available off a guide rent of £3,600 pax reviewed July 2018. LEASES Unit 65 is let on a 3 year lease with a commencement date of June 2015 and outside the Landlord & Tenant Act 1954 Part II. The
passing rent on this unit is £3,380 pax. Unit 65a is let on a 3 year lease with a commencement date of July 2015 with a passing rent of £3,600 pax for a minimum 3 year term. The 1 bedroom flat is presently let and achieving a rental figure of £5,200 pax. The 2 storey granite building to the rear is presently let out on an informal basis and achieving a rent of £1,044 pax. LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is within Band D. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171 SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VAT All the above prices/rentals are quoted exclusive of VAT, where applicable. CONTACT INFORMATION For further information or an appointment to view please contact Mary Rose Callaghan on 01872 247025 or via email [email protected]
C37476
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.
