The property is set amongst a variety of retailers, both national and local, including White Stuff, Saltrock, Rohan, JoJo Maman Bebe, Whistelfish and specialist retailers Penloe Urban Apparel and Trevails. One of the main drop off/collection points for Truro’s park & Ride Scheme is within 50 metres of the property, as is the Royal Cornwall Museum. The mainline railway station is under 10 minutes’ walk away and a number of multi storey car parks are all within very short walking distance of River Street.
8 River Street is a ‘Grade II’ listed retail premises set over three floors. The property retains various period features including a rather ornate double frontage. An open plan retail unit is located at ground floor level, the upper levels provide three separate storage rooms as well as a kitchen and bathroom.
Schedule Of Accommodation
Ground floor retail area
562 sq ft (52.2 sq m)
211.8 sq ft (19.7 sq m)
305.7 Sq ft (28.4 sq m)
Net frontage: 5.73m
The premises are offered by way of a new proportional full repairing and insuring lease, the terms of which are open to negotiation.
The ingoing Tenant to be responsible for the landlord’s reasonably incurred legal costs in connection with the transaction.
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 £20,750. The Government has provided business rates relief for retail, hospitality and leisure businesses in the 2021-2022 tax year. There is 100% relief until the end of June. From 1st July there will be a period until the end of 2021 where qualifying businesses will receive a 66.6% discount.
For further details please visit https://www.gov.uk/guidance/check-if-your-retail-hospitality-or-leisure-business-is-eligible-for-business-rates-relief-due-to-coronavirus-covid-19
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
We have been advised this property is not elected for VAT.
Energy Performance Rating
The Energy Performance Rating for this property is within band C 69.
For further information or an appointment to view please contact either:-
Thomas Hewitt on 01872 247025 or via email firstname.lastname@example.org or
Tom Smith on 01872 247013 or via email email@example.com
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.