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Due to a price reduction, Miller Commercial of Truro are now marketing the Railway Tavern on Trevu Rd, Camborne, off a freehold guide price of £375,000 plus stock at valuation. The substantial public house is located within one of Cornwall’s major town’s in the west of the county with a strong mining heritage.  As the name implies, the natural stone built property stands close by the town’s railway’s station. The ground floor comprises an extensive main bar area and adjoining lounge bar, adjacent to which is an equipped commercial kitchen, office and cellar.  A feature of the property is the attractive trade garden and rear car park whilst at first floor level there is spacious 3-bedroomed owners’ accommodation.

On behalf of Titan, a local development company, Miller Commercial are pleased to announce the success of a highly speculative development of 18 industrial units totalling some 36,000 square feet, adjacent to Tesco at Dunveth Business Park on the outskirts of Wadebridge town centre.  The take-up of these units, which have been promoted on both short and long leasehold basis, has been excellent, with some local businesses taking the opportunity to expand and relocate into better and more modern units, whilst at the same time attracting various new businesses to the area completely.  With Phase I of the development having been completed earlier this year, only 2 units now remain available, one of around 1,400ft² and the other of around 3,000ft². These are both offered on a short leasehold basis at £6 per ft², or long leasehold basis, at £100 per ft².  The successful scheme means that Titan is now actively looking to develop Phase II, which would include a mix of purpose-built units for occupiers who have specific requirements which could not be catered for within Phase I. Additionally, further speculative units will be made available from as little as 750ft², up to much larger units, dependant upon occupier’s needs. Developers, Titan, will also be pleased to consider “building to order” and would be happy to receive expressions of interest accordingly.

Miller Commercial of Truro report the sale of the freehold interest in property located at 27 Market Place, Penzance.  The premises, which trade as “The Deli”, are occupied under a full repairing and insuring lease subject to an annual passing rental of £14,250 p.a.x. with 3 yearly reviews.  They were being marketed seeking Offers in Excess of £200,000  and were sold for an undisclosed sum which produced a net internal yield of 6.33%, assuming purchase costs of 2.5%.   Mike Nightingale, Partner at Miller Commercial comments, ‘There has been a substantial amount of activity in the commercial property investment market during the first quarter of 2006.  Yields are continuing to fall, which has led to higher prices being achieved’. 

Acting on behalf of Coodes Solicitors, Miller Commercial have been instructed to seek an assignment of the leasehold interest in premises they occupy at No. 2. Princes Street, Truro.    ‘The solicitors’ practice, which currently operate from two premises within central Truro, are looking to relocate into a single building and these premises will become surplus to requirement’, reports Mike Nightingale, Partner of Miller Commercial. 

Miller Commercial of Truro are pleased to report the assignment of a new 15-year lease in respect of La Mesa, a contemporary and extremely well-presented restaurant and bar at Trevanion Road  in the centre of Wadebridge, North Cornwall.

Miller Commercial of Truro are pleased to report the sale of Sun Valley Holiday Park, near Mevagissey in South Cornwall. This outstanding 5-Star rated park was family run and set in approximately 18 acres of grounds and included 10 apartments, 62 static vans and 22 touring pitches. The site offered excellent facilities including a heating indoor swimming pool, licenced bar and restaurant, site shop, launderette and children’s indoor play area. There were two sets of owners’ accommodation including a 4-bedroom bungalow with a “granny flat”, and a detached cottage.

Miller Commercial of Truro have recently successfully concluded the sale of the Smugglers Inn at St Erth in Praze, West Cornwall.  The landmark public house was situated alongside the B3302 linking the harbour town of Hayle with the historic borough of Helston.

Miller Commercial of Truro report the recent sale of The Mote Restaurant at Port Isaac, on the rugged North Cornish coast. The harbour village is extremely well known to tourists and TV viewers alike as the backdrop to the comedy drama series ‘Doc Martin’, where the location was known as Port Wenn.

Miller Commercial of Truro report the successful marketing and letting of an office suite at 37A Killigrew St, Falmouth and near to The Moor area of the popular harbour resort.Situated at first floor level with ground floor access, the singleroom suite provided 30.8sq.m. [331sq.ft.]. It was made available on a new lease with an asking rental in excess of £3,000 per annum.

The sale of Mousehole News and Stores has successfully been concluded by Miller Commercial of Truro.  The established business was very favourably located overlooking the beautiful harbour of the west Cornwall fishing village.   The premises offered a ground floor retail sales area of 25.6sq.mwith a 3 bedroomed owners apartment on the 2 floors above. The business retailed the usual lines provided by a convenience store, and provided a newsagency and off-licence

Miller Commercial, the Truro based chartered surveyors, are pleased to announce the successful sale of the former Stonewood Trading premises on Dunmere Road, Bodmin, at an undisclosed figure in excess of the guide price of £350,000.   The premises, which were previously a candle factory, comprised a building providing accommodation of almost 324sq.m (3,488sq.ft) on a prominent site of 0.56 of an acre, adjacent to the busy A389 linking Bodmin with Wadebridge. The site was able to offer 25 parking spaces for staff and customers.

Rob Redgrave, Commercial Surveyor at Miller Commercial of Truro reports that Julian Graves, the UK's largest independent specialist snacks and ingredients retailer, with a network of over 220 outlets nationwide, has taken over No.8 Fore Street, Bodmin from John Brewers, a family run men's outfitter and traditional ladies wear retailer.

Miller Commercial have recently sold the Londis convenience store at St Keverne, on The Lizard Peninsula, S.W. Cornwall, off a Guide Price of £485,000 for the freehold interest.  The retail business, which provided an excellent service to a community of around 2,000 persons, was developed into a thriving and profitable convenience store by the outgoing vendors Mr & Mrs Sanger. It offered a retail sales area of 1250 sq.ft [approx] with spacious owners accommodation on the first floor, which provided 3 bedrooms.

Rob Redgrave of Miller Commercial reports a further letting of office space in Truro city centre. The ground floor suite is situated to the rear of 68 Lemon Street and offers accommodation totaling 62.2sq.m.  The unit benefits from level and rear access from the Moorfield Car Park direction.

Miller Commercial of Truro has acted in a consultancy capacity on behalf of Mr and Mrs Greenslade in the sale of one of The Top House, one of Cornwall’s most popular public houses located at The Lizard, South West Cornwall.