31/32 Fore Street Redruth Cornwall TR15 2AE

  • 31/32 Fore Street<br>Redruth<br>Cornwall<br>TR15 2AE

31/32 Fore Street
Redruth
Cornwall
TR15 2AE

Freehold Retail and Office Investment with Residential Development Potential

  • Shop let to Countrywide Estate Agents until 2025 (subject to option)
  • Self-contained office accommodation on upper floors with residential potential (subject to consents)
  • Prominent corner position adjacent to pedestrianised Fore Street
  • Nearby occupiers include Iceland, Superdrug, Shoe Zone, M&Co and Peacocks
  • Lot
    45
  • Auction
    18th October 2018
  • Rent
    £18,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees
Interested?
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Freehold Retail and Office Investment with Residential Development Potential

  • Shop let to Countrywide Estate Agents until 2025 (subject to option)
  • Self-contained office accommodation on upper floors with residential potential (subject to consents)
  • Prominent corner position adjacent to pedestrianised Fore Street
  • Nearby occupiers include Iceland, Superdrug, Shoe Zone, M&Co and Peacocks
  • Lot 45
  • Auction 18th October 2018
  • Rent £18,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees

Property Information

Location
Miles
9 miles west of Truro
17 miles north-east of Penzance
Roads
A30, A39, A394
Rail
Redruth Rail
Air
Newquay Airport
Situation

The property is prominently positioned on the northern side of Fore Street, close to its junction with the pedestrianised pitch and Alma Place, in the heart of the town centre.
Nearby occupiers include Iceland, Superdrug, Shoe Zone, M&Co and Peacocks. Redruth Railway Station is just a three minute walk from the subject property.

Tenure

Freehold.

Location
Miles
9 miles west of Truro
17 miles north-east of Penzance
Roads
A30, A39, A394
Rail
Redruth Rail
Air
Newquay Airport
Situation

The property is prominently positioned on the northern side of Fore Street, close to its junction with the pedestrianised pitch and Alma Place, in the heart of the town centre.
Nearby occupiers include Iceland, Superdrug, Shoe Zone, M&Co and Peacocks. Redruth Railway Station is just a three minute walk from the subject property.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation. In addition, the first and second floors provide four self-contained office suites accessed via Fore Street and Green Lane.

VAT

VAT is applicable to this lot.

Planning

PA12/11483 - Conversion of the upper floors to form four residential flats. Approved on 29/01/2013 - Permission now lapsed. For further information please visit planning.cornwall.gov.uk.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation. In addition, the first and second floors provide four self-contained office suites accessed via Fore Street and Green Lane.

VAT

VAT is applicable to this lot.

Planning

PA12/11483 - Conversion of the upper floors to form four residential flats. Approved on 29/01/2013 - Permission now lapsed. For further information please visit planning.cornwall.gov.uk.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Basement		 Retail
Ancillary
167.50 sq m
100.11 sq m
(1,803 sq ft)
(1,077 sq ft)
 COUNTRYWIDE
ESTATE AGENTS
(1)		 10 years from
25/08/2015 until
24/08/2025 (2) on a
full repairing and
insuring lease		 £18,000 25/08/2020
First Floor
(via Fore Street)
Second Floor
(via Fore Street)
First Floor
(via Green Lane)
Second Floor
(via Green Lane)		 Office
Office
Office
Office
40.01 sq m
36.29 sq m
61.95 sq m
72.69 sq m
(430 sq ft)
(390 sq ft)
(666 sq ft)
(782 sq ft)
 VACANT
POSSESSION - see
planning section		      
Total
478.55 sq m
(5,148 sq ft)
     £18,000  

(1) Countrywide is the UK’s largest and most successful estate agency and property services group with 850+ branches across the UK (Source: www.countrywide.co.uk 26/04/2018).
(2) The lease provides a tenant option to determine on 24/08/2020.

Contacts

Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Nisha Minhas 0121 393 0648Nisha.Minhas@gowlingwlg.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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