Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

To Let
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LRP Camborne, E14, Formal Industrial Estate, Camborne, Cornwall

Retail to let

£29,950

Leasehold

An Established Retail Car Parts business located in Camborne, West Cornwall. With a New Lease and Profits of . £27,000 pa, genuine retirement sale.

  • MOTOR PARTS SALES BUSINESS
  • ESTABLISHED FOR 27 YEARS
  • CONSISTENT SALES & PROFITS
  • NEW LEASE AVAILABLE
  • EPC: E107

Property Brochure PDF Location Map

Location

LRP Camborne situated in the Formal Industrial Estate on the edge of Camborne in West Cornwall, with swift access to the A30 trunk road connecting east and west Cornwall.

The Industrial Estate is a well known site with a number of light engineering, manufacturing and retail businesses.

Camborne, Pool and Redruth conurbation has seen significant regeneration and investment, infrastructural, commercial and residential projects within recent years and is often referred to as as the ‘industrial heartland’ of Cornwall.

The Property And Business

The business operates from an end of terrace unit of approximately 60sqm, with a further mezzanine first floor store, comprising the retail counter, storage, kitchenette area and office. There is a shared communal wc just behind the property (internal).

In terms of the trade, our client has run the business for the past 27 years and is now selling due to impending retirement. The business trades from 9am to 4.45pm Monday to Thursday and 9am to 3pm on Friday, the business has previously operated on a Saturday is not currently due to our client’s own choice.

The business sells to other garages, private individuals. The Profit and Loss Account for the year end May 2019 showed net sales of £112,635, with a gross profit of £43,589 and an adjusted net profit after deducting all expenses of £27,093, (further accounting information will be made available subsequent to a viewing appointment in the normal manner).

Tenure – Leasehold

We are advised a new lease will be made available to a new purchaser, with a base lease offered of 6 years, with a 3 year rent review pattern on an internal repairing and insuring basis at a passing rental of £5,000 plus VAT (which includes the Service Charge). This is typically paid quarterly in advance. Prospective parties can of course negotiate with ourselves an alternative lease structure which will be presented to the landlords.

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is E107.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Details

For further information or an appointment to view please contact:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247019 or via email pc@miller-commercial.co.uk

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.

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Connect with our Expert

Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF