24/26 Fore Street St. Austell Cornwall PL25 5EP

24/26 Fore Street
St. Austell
Cornwall
PL25 5EP

Newly-Opened Freehold Betting Office with Vacant Upper Parts

Large ground floor shop let to Betfred
New 10 year lease from May 2024 (subject to option)
Tenant relocated from previous town centre location
Separately-accessed vacant upper floors - approximately 3,175 sq ft with residential conversion potential into four flats (subject to consents) - see floor plans
Prime town centre location with nearby retailers including Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon

Lot
31
Auction
9th July 2024
Rent
£25,000 per Annum Exclusive
plus circa 3,175 sq ft vacant upper floors
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Newly-Opened Freehold Betting Office with Vacant Upper Parts

Large ground floor shop let to Betfred
New 10 year lease from May 2024 (subject to option)
Tenant relocated from previous town centre location
Separately-accessed vacant upper floors - approximately 3,175 sq ft with residential conversion potential into four flats (subject to consents) - see floor plans
Prime town centre location with nearby retailers including Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon

Lot 31
Auction 9th July 2024
Rent £25,000 per Annum Exclusive plus circa 3,175 sq ft vacant upper floors
Status Withdrawn Post
Price
Sector
High Street Retail, Residential, Development
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, A3058
Rail: St Austell Railway Station
Air: Newquay Airport

Situation

The property is prominently situated on the north side of the pedestrianised Fore Street, close to the White River Place Shopping Centre. Nearby retailers include Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon.

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, A3058
Rail: St Austell Railway Station
Air: Newquay Airport

Situation

Tenure

Freehold.

Description

The property comprises a newly opened betting office arranged on the ground floor, with ancillary accommodation on the first and second floors, offered vacant, and accessed from both Fore Street and Biddicks Court. The upper floors may be suitable for change of use to residential, subject to obtaining the necessary consents. The property benefits from rear loading access.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Betting Office/Ancillary	281.30	(3,027)	DONE BROTHERS (CASH BETTING) LIMITED (2) (t/a Betfred)	10 years from 15/05/2024 (3)	£25,000	15/05/2029
First Second	Ancillary Ancillary	239.80 55.20	(2,581) (594)	VACANT	-	-	-
Total		576.30	(6,202)			£25,000

(1)Floor areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 25/09/2022, Done Brothers (Cash Betting) Limited reported a turnover of £418,840,000, a pre-tax profit of £40,464,000 and a net worth of £77,595,000 (www.northrow.com)
(3) The lease is subject to a tenant option to determine on 15/05/2029.

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.