Location & Description
Truro is the primary centre for retail, leisure and administration in Cornwall, with a population of some 20,000. Situated centrally on Little Castle Street and forming part of the City’s Specialist retail quarter, the property presents an attractive late 19th Century building split over ground and first floors. Nearby retails include JoJo Maman Bebe, Trevails, Tresspass and Penloe Urban Apparel as well as White Stuff and Starbucks. The Royal Cornwall Museum is under a minute’s walk from the building. The unit is within 7 minute’s walk of Truro train station and under two minute’s walk from the prime retail area of Pydar Street.
Schedule Of Areas
Grd floor – 539 sq ft (50.1 sq m) – includes retail area, treatment room, staff area/store, kitchen and WC
1st floor – 419 sq ft (39 sq m) – includes 4 rooms plus WC
TOTAL – 959 sq ft ( 89.1 sq m)
The premises are available by way of assignment of the existing lease which is for a term of 8 years from 1st September 2016 at an initial rental of £9,750 per annum payable quarterly in advance by standing order. The lease is subject to a rent review and tenant’s break option on 1st September 2020 and is on full repairing and insuring terms.
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 £15,500.
The Government have indicated in the 2020 Budget that all retail premises with a rateable value below £51,000 (such as these) will have a 100% exemption in the financial year 2020/21.
The ingoing lessee to be responsible for the landlord’s reasonably incurred legal costs in connection with the transaction.
All the above prices/rentals are quoted exclusive of VAT, where applicable.
The Energy Performance Rating for this property is within Band G – 162. The EPC was undertaken in 2014 and the premises have since been refurbished. A new EPC will be required (minimum Band E) prior to concluding a letting.
For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 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.