The town of Penryn is a market town and port, situated at the head of the estuary of the Penryn River. It is situated approximately 2.5 miles from Falmouth Town Centre and 8.3 miles from the Cathedral City of Truro which is the administrative centre for the county. The town includes a rail station which connects with the mainline at Truro and is situated 8.1 miles from the A30 Trunk Road which is the spinal route through Cornwall and connects with the national motorway network at Exeter. Newquay Airport is 27 miles away.
Falmouth University currently has 5000 students and has plans to increase this to 7500.
Sterling Court is situated on the outskirts of the town centre, fronting The Praze which is a busy road connecting Falmouth, Mylor and Flushing. The building is situated within an elevated position on a site of 0.64 ace (0.259 ha) at the junction with Truro Hill.
A former industrial building which was converted into office accommodation approximately 20 years ago and provides two storey offices at the front; overlooking the highway with accommodation behind including many features of its industrial/factory heritage such as high level, north light windows in part of the accommodation. The premises include a minimum of 15 on-site parking spaces.
All areas are approximate. Floor Areas Based on Net Internal Area
Ground Floor – 582.6 sq m (6271 sq ft)
Lower Ground – 92.8 sq m (999 sq ft)
First Floor – 86.7 sq m (934 sq ft)
Lower Ground Floor – Rear 43.2 sq m (465 sq ft)
Total – 805.4 sq m (8669 sq ft)
Floor plans available upon request.
The premises have consent for B1 (a) – offices however planning consent also exists for the conversion of the premises to create 9 residential units including 28 bedrooms (See – Notification of Prior Approval PA17/05032) – http://planning.cornwall.gov.uk/online-applications.
Other uses will also be considered including a full residential development (subject to consents).
The premises are available either on a freehold basis where offers in excess of £600,000 plus VAT will be considered or by way of a new full repairing and insuring lease at an annual rental of £55,000 plus VAT. The remaining terms will be open to negotiation. Leases of part of the accommodation will be given consideration.
Each Party to bear their own.
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 £57,000. To find out how much business rates will be payable there is a business rates estimator service via the website.
Energy Performance Certificate
The Energy Performance Rating for this property is within Band D (77).
For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email firstname.lastname@example.org or
Tom Smith on 01872 247013 or via email email@example.com or
Thomas Hewitt on 01872 247025 or via email firstname.lastname@example.org
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] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] 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.