Camborne forms part of the largest conurbation in Cornwall. Located in the heart of Cornwall with a population of 20,845 (2011 Census), 15 miles from Truro and 16 miles from Penzance. Camborne station is on the main line to London Paddington and close to the A30 which offers favourable transport links.
Located adjacent to Commercial Square and its iconic ‘Holman’ water fountain, the building is located in the very heart of the town. This area is often used to host events and various markets throughout the year.
1-5 Commercial Square comprises a mixed use building with a retail unit on the ground floor and office accommodation on the first floor.
WILLIAM HILL ORGANIZATION LTD
A ground floor retail unit providing sales accommodation with associated ancillary accommodation and welfare facilities. The unit also provides office/storage area at first floor level.
SELBORNE CARE LTD
The property comprises a self contained, largely open plan first floor office with meeting room and welfare facilities.
Schedule Of Accommodation
William Hill – Ground and part first floor
ITZA 1,361.3 sq ft (127.2 Sq m)
Total NIA 2,021 sq ft (187.8 Sq m)
Selborne care offices – remainder of first floor
Total NIA 871 sq ft (80.92 sq m)
Ground and part first floor.
This demise is let to WIlliam Hill Organization Ltd on a 10 year term from 21/12/2017 expiring 20/12/2027 at a passing rent of £28,500 per annum. The lease incorporates an upwards only rent review 21/12/2022.
*Tenant break options 20/12/2022 & 20/12/2024. Tenant to repair interior and pay proportion of upkeep of external areas and common parts by way of a service charge.
First floor office.
This demise is let to Selborne Care Ltd on a 5 year term from 21/12/2017 expiring 20/12/2022 at a passing rent of £6,500PA. Internal repairing liability.
We are seeking offers over £425,000 for our client’s freehold interest in this property subject to contract.
This reflects a net initial yield of 7.89% allowing for standard purchasers costs of 4.33%.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT.
We have been advised that this property is not elected for VAT.
Each party to bear their own.
Energy Performance Certificate
The Energy Performance Rating for this property is within Band D (94).
For further information or an appointment to view please contact either:-
Thomas Hewitt on 01872 247025 or via email email@example.com or
Peter Heather on 01872 247007 or via email firstname.lastname@example.org or
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.