Comprises a vacant shop with five flats above sold off on a long lease
Prime town Centre location in popular tourist destination
Close to the White River Place Shopping Centre with other nearby retailers including Boots the Chemist, Poundland, JD Wetherspoon and Sports Direct
Lot 47
Auction 22nd September 2022
Vacant Possession
Status Sold
Price £68,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74 miles south-west of Exeter
Roads
A30, A39, A390,
Rail
St Austell Railway Station
Air
Newquay Airport
Situation
St Austell is a busy town 13 miles north-east of Truro. The town is an attractive tourist destination, with the world famous Eden Project located only 3 miles to the north-east of the town centre. The property occupies a prominent position on the prime pedestrianised Fore Street, close to the White River Place Shopping Centre. Other nearby retailers include Boots the Chemist, Poundland, JD Wetherspoon and Sports Direct.
Tenure
Freehold.
Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74 miles south-west of Exeter
Roads
A30, A39, A390,
Rail
St Austell Railway Station
Air
Newquay Airport
Situation
St Austell is a busy town 13 miles north-east of Truro. The town is an attractive tourist destination, with the world famous Eden Project located only 3 miles to the north-east of the town centre. The property occupies a prominent position on the prime pedestrianised Fore Street, close to the White River Place Shopping Centre. Other nearby retailers include Boots the Chemist, Poundland, JD Wetherspoon and Sports Direct.
Tenure
Freehold.
Description
The property comprises a ground floor shop with five separately accessed flats above let on a single long lease.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
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 shop with five separately accessed flats above let on a single long lease.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
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 sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Ground
Retail/Ancillary
149.90
(1,614)
VACANT
-
First, Second & Third
Residential - 5 flats
-
-
RED CORNWALL LIMITED
125 years from 02/07/2014
Total Commercial Area
149.90
(1,614)
(1) www.gov.uk/find-business-rates (voa)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
