This striking 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 ‘Coinage Hall’ which is a similarly striking building and is home to ‘Charlotte’s Tea House’ and Pizza Express. Whilst national retailers M&S and Primark are positioned just a short walk away on Lemon Quay. Other nearby occupiers include Lakeland, Poundland and H Samuel together with the multi-million pound refurbishment of the Hall for Cornwall, which is ongoing.
2 Princes Street and 3 Duke Street is a dual aspect property with two separate road frontages. Fronting Princes Street to the south which is home to many of the finest historical buildings in Truro; Mansion House, Wear House and Princes House. The northern aspect fronts Duke Street.
The building provides a spacious entrance hall that benefits with natural light from the roof window above. The office accommodation is set over the ground and first floor whilst the loft is boarded throughout and serves as a useful storage area that could potentially be converted to further accommodation (subject to the necessary consents). Hatches provide access to the roof valley to assist with maintenance. A basement is present below the aspect facing Duke Street which provides additional storage.
The property offers approximately 3,003 sq ft (279 sq m) of office accommodation between the ground and second floor.
On a gross internal basis the property measures approximately 4,176 sq ft (387.9 sq m).
Remainder Of Occupational Lease
The existing tenancy ends on the 23rd March 2022.
Tenant: Cornwall Community Development Limited (Now trading as Cornwall Rural Community Charity(CRCC))
Passing rent of £24,000 per annum.
Full repairing and insuring lease terms.
The tenants are still in occupation although an early surrender may be considered.
Further information available upon request.
The rateable value from the 2017 assessment is £22,000 – please note this is not the amount that you pay.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search. To find out how much business rates will be payable there is a business rates estimator service via the website.
Each party to bear their own costs.
We have been advised this property is not elected for VAT.
The property has an EPC Rating of 125 (E).
For further information or an appointment to view please contact either:-
Thomas Hewitt on 01872 247025 or via email firstname.lastname@example.org
Jonny Bright on 01872 247022 or via email email@example.com