| Substantial St Austell town centre premises with possible development potential |
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| Written by Graham Timmins | |
| Thursday, 14 February 2008 | |
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The substantial guest house property date back to circa 1880 and retain such character features as parquet floors and the use of stained glass. It sits within 0.6 acres [approx] and offers 12 letting bedrooms, a guests’ sitting area, sun lounge and a dining room providing 20 covers, all arranged over 3 floors. There is an additional, detached, 4 bedroomed cottage to the rear, which may be available subject to separate negotiation. Recent trading figures for the guest house providing bed and breakfast accommodation indicate sales for the year of £60,000. Given the size of the grounds within the town centre, it is considered the site, subject to requisite planning approval, may be suitable for residential redevelopment. Alternative uses, again subject to planning, include conversion of the premises for multiple occupancy, or, as a first class office property offering good parking facilities. The owners are prepared to consider a conditional offer upon a successful planning permission, with offers based on a guide price of £600,000. Graham Timmins of Miller Commercial comments, ‘Tregarth offers all sorts of development opportunities, subject to planning. Given the size of the current town centre scheme in progress, we would consider it should attract much attention’. FOR FULL DETAILS CONTACT GRAHAM TIMMINS AT MILLER COMMERCIAL TRURO ON 01872 247019. |
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