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 Enquiries 0300-1234-100
Energy Performance Certificate
The Energy Performance Rating for this property is E107.
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.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search
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
To be taken at valuation.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
For further information or an appointment to view please contact:-
Graham Timmins on 01872 247019 or via email email@example.com or
Paul Collins on 01872 247019 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.