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Peter Heather Partner View Profile

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Call: 01872 247007
Email: pgh@miller-commercial.co.uk

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Wearhouse, 10, Princes Street, Truro

Retail for sale

£795,000 Asking price

Freehold

A stunning and imposing substantial freehold store and premises in central Truro, and suitable for may uses subject to planning, such as restaurant, large retail, and or partial residential conversion; offering over 2,500 sq ft of space on each of three floors.

  • EXCITING INVESTMENT/RETAIL/RESIDENTIAL/HOSPITALITY OPPORTUNITY STP
  • OVER 7500 SQFT OVER THREE FLOORS
  • FREEHOLD
  • TWO PARKING SPACES
  • AVAILABLE WITH VACANT POSSESSION
  • VERY HIGH CEILINGS

Property Brochure PDF Location Map

Location

This striking and imposing building is situated in the heart of Truro City Centre, amongst a complete mix of commercial activity including bars, restaurants, retail, offices and public houses. The property immediately abuts the popular Pannier Market and Tinners Court, whilst national retailers M&S / Primark / Debenhams are positioned just a few yards away on Lemon Quay and equidistant on Boscawen Street are Lakeland, Poundland and Samuels together with the multi-million pound refurbishment of the Hall for Cornwall, which is ongoing.

Description

This three-storey building is one of the largest in Truro, and is positioned directly abutting Princes Street, between two of the finest buildings in Truro; Princes House and Mansion House. All three are Listed. It was completed in “The Dutch Style” in 1891 by renowned Cornish architect Silvanus Travail, originally for an agricultural and grain merchant. The current family owners established the Wear House in 1986.
The building is rectangular, currently providing high ceilinged retail accommodation throughout the ground and first floors and incorporating a centrally situated staircase. Independent access is available to the first and second floor from the rear of the property which would enable residential use to be hugely extended. The second floor currently provides storage and a flat let at £10,200 per annum.
A carriageway runs to the right-hand side of the ground floor providing access and a couple of car parking spaces.

Accommodation

Ground floor. 237.1 m (2553 ft) ITZA 1262 ft
First floor. 226.0 m (2433 ft)
Second floor. Existing storage. 92 m (990 ft)
Second floor Flat. 125.8 m (1354 ft) A large two bedroomed characterful loft style flat.
Car parking facility for two vehicles

Tenure And Price

Freehold. Available with vacant possession.
Offers for the freehold are sought at £795,000 OR:
Leasehold. Available under the terms of a new lease, terms and conditions for which are open to negotiation, of all or part of the property. Expressions of interest are invited. Rent £55,000 per annum with an option on the flat, on Full Repairing and Insuring terms. Our clients will consider other configurations and proposals.

Legal Costs

For a sale of the freehold, each party is to bear their own.
For a letting, the ingoing lessee is to be responsible for the landlord’s reasonably incurred legal costs in connection with the transaction.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.
We are advised that the property is not elected for VAT.

Energy Performance Certificate

The Energy Performance Certificate has been ordered.

Contact Information

For further information or an appointment to view please contact either:-
Peter Heather on 01872 247007 or via email ph@miller-commercial.co.uk or
Thomas Hewitt on 01872 247025 or via email th@miller-commercial.co.uk

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.

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Peter Heather Partner View Profile

Contact us about this property

Call: 01872 247007
Email: pgh@miller-commercial.co.uk

Property Brochure PDF