PRIME RETAIL UNIT
TO LET
(MAY SELL)
TRURO PRIME RETAIL LOCATION 19/19A Pydar Street Truro Cornwall TR1 2AY Ground floor retail area 2,029 sq ft (188.5 sq m) First floor ancillary 1,346 sq ft (125.1 sq m) Prime pedestrianised location 2 parking spaces
19/19A Pydar Street, Truro, TR1 2AY Location
Accommodation
Legal Costs
Truro is the principle retail and business centre in Cornwall with a population catchment area of 75,000 in addition to an estimated 350,000 seasonal tourists.
The accommodation extends to the following approximate net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.
Each party is to be responsible for their own legal costs incurred in the transaction.
The property is situated in a prime position on the pedestrianised area of Pydar Street. Nearby national retail occupiers to include; New Look, Halifax, Boots, TK Maxx and Mothercare.
Rent Area Ground floor ITZA Ground floor retail area First floor staff/ancillary Second Floor
Sq ft 1,249 2,029 1,346 void
Sq m 116.0 188.5 125.1 void
TOTAL
3,375
313.6
We understand from enquiries of the Valuation Office Agency website www.voa.gov.uk that the premises are currently assessed for rating purposes as a shop and premises at £88,000.
Leasehold. (Freehold may be available) Services
References/Rental Deposits
We understand that mains water, electricity and drainage are connected to the premises. However, the services have not been tested and we advise all interested parties to make their own enquires of the necessary statutory authorities.
Originally 2 units, the property comprises an imposing 3 storey mid-terraced building. It is arranged to offer retail accommodation on the ground floor, ancillary staff and storage accommodation on the first floor and an unused second floor. There is service access to the rear of the property with 2 parking spaces.
Business Rates
Interested parties should make their own enquiries to the local rating authority, Cornwall Council, on 0300 1234 171 Email
[email protected] to ascertain the exact rates payable.
Tenure
Description
In the region of £67,500 per annum plus VAT
Planning The property has most recently been used for retail purposes. We suggest that interested applicants make their own enquiries of the Local Planning Authority, Cornwall Council Department on 0300 1234 151 Email:
[email protected]. Terms The premises are offered by way of a new full repairing and insuring lease.
Financial and accountancy references may be sought from any prospective tenant prior to agreement. Prospective tenants may be required to provide a rental deposit subject to landlords’ discretion. Energy Performance Certificate An EPC has been instructed and will be available shortly.
19/19A Pydar Street, Truro, TR1 2AY The Code for Leasing Business Premises in England and Wales 2007 Please see www.leasingbusinesspremises.co.uk. Asbestos Regulations It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2012 (CAR 2012). The detection of asbestos and asbestos-related compounds is beyond the scope of Alder King and accordingly we recommend you obtain advice from a specialist source. VAT Under the Finance Acts 1989 and 1997, VAT will be levied on the Rent/Sale price. We recommend that the prospective tenants/purchasers establish the implications before entering into any agreement.
Viewing Arrangements For further information or to arrange an inspection, please contact the agents. Alder King Property Consultants High Water House Malpas Road Truro Cornwall TR1 1QH
www.alderking.com Tom Duncan 01872 227005
[email protected] Subject to Contract Alder King LLP is a Limited Liability Partnership registered in England and Wales. No OC306796. Registered Office: Pembroke House, 15 Pembroke Road, Clifton, Bristol, BS8 3BA. A list of all Members is available at the registered office. Important Notice
Ref: TD/83423/Rev2
These particulars do not constitute any offer of contract and although they are believed to be correct, their accuracy cannot be guaranteed and they are expressly excluded from any contract.
Date: July 2016