Freehold Retail Parade
Freehold Retail Parade
Truro is an attractive historic cathedral city that is popular with tourists. The property is prominently situated in the heart of Truro city centre on the south side of the pedestrianised Pydar Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Superdry, WH Smith, Boots, TK Maxx, Lush, The Body Shop, and Halifax and TSB banks.
Freehold.
Truro is an attractive historic cathedral city that is popular with tourists. The property is prominently situated in the heart of Truro city centre on the south side of the pedestrianised Pydar Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Superdry, WH Smith, Boots, TK Maxx, Lush, The Body Shop, and Halifax and TSB banks.
Freehold.
The property comprises an attractive mews of 11 retail units, seven of which comprise ground floor retail accommodation and first floor storage accommodation. Four units comprise ground and part first floor retail accommodation and part first floor storage accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises an attractive mews of 11 retail units, seven of which comprise ground floor retail accommodation and first floor storage accommodation. Four units comprise ground and part first floor retail accommodation and part first floor storage accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x. | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|---|
| 1 | Ground First |
Retail Storage |
13 sq m 14.2 sq m |
(140 sq ft) (153 sq ft) |
INDIVIDUAL t/a Just Books |
6 years from 24/03/2017 (1) |
£7,500 | (23/03/2023) |
| 2 & 3 | Ground First |
Retail Retail/Storage |
26.3 sq m 21 sq m |
(283 sq ft) (226 sq ft) |
VACANT POSSESSION (2) |
|||
| 4 & 5 | Ground First |
Retail Retail/Storage |
36.9 sq m 33.5 sq m |
(397 sq ft) (361 sq ft) |
INDIVIDUAL t/a Bambu Coffee Shop & Cafe |
9 years from 06/07/2012 |
£15,000 | (05/07/2021) |
| Car Parking space |
INDIVIDUAL t/a Bambu Coffee Shop & Cafe |
£625 | (05/07/2021) | |||||
| 6 | Ground First |
Retail Storage |
12.2 sq m 16.1 sq m |
(131 sq ft) (173 sq ft) |
INDIVIDUAL t/a The Watchmen of Truro |
6 years from 01/05/2013 |
£7,250 | 01/05/2019 (30/04/2019) |
| 7 | Ground First |
Retail Storage |
13.2 sq m 10.2 sq m |
(112 sq ft) (87 sq ft) |
INDIVIDUAL t/a Pydar Jewellers |
6 years from 18/09/2018 (3) |
£5,400 | (17/09/2018) |
| 8 | Ground First |
Retail Storage |
10.4 sq m 8.1 sq m |
(112 sq ft) (87 sq ft) |
INDIVIDUAL t/a Lisa Harker - Quality Art |
3 years from 01/10/2017 (4) |
£5,000 | 01/10/2018 (30/09/2020) |
| 9 | Ground First |
Retail Storage |
10.4 sq m 8.1 sq m |
(112 sq ft) (87 sq ft) |
VACANT POSSESSION. Terms agreed for new lease (5) |
|||
| 10 | Ground First |
Retail Storage |
13.2 sq m 10.2 sq m |
(142 sq ft) (110 sq ft) |
INDIVIDUAL t/a Fantasy Fayre |
6 years from 18/01/2016 (6) |
£6,500 | 01/01/2019 (17/01/2022) |
| 11 | Ground First |
Retail Storage |
11.8 sq m 17 sq m |
(127 sq ft) (183 sq ft) |
INDIVIDUAL t/a Barber |
6 years from 02/02/2018 (7) |
£7,500 | 02/02/2021 (02/02/2024) |
| Total |
285.8 sq m |
(3,076 sq ft) |
£54,775 | |||||
(1) As to unit 1, the lease provides for a tenant option to determine on 24/03/2020 subject to 6 months’ notice in writing.
(2) As to unit 3, the seller is in advanced negotiations with a new tenant to sign a new lease for unit 3 only at a rent of £5,400 per annum exclusive.
(3) As to unit 7, terms have been agreed or the tenant to sign a new lease for a term of 6 years at a rent of £5,400 per annum exclusive but not yet documented, but is anticipated to complete imminently.
(4) As to unit 8, the tenant has served notice to determine the lease on 01/01/2019 and agreed a new Tenancy at Will to occupy the property until 2019.
(5) As to unit 9, the Seller has agreed terms with a new tenant at a rent of £5,600 per annum exclusive. The lease and rent deposit deed are awaiting signature.
(6) As to unit 10, the tenant has served notice to determine the lease on 01/01/2019.
(7) As to unit 11, the lease provides for a tenant option to determine on 02/02/2021 subject to 6 months’ notice in writing.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
