37/39 Fore Street & 47/49 Aylmer Square St. Austell Cornwall PL25 5PY

  • 37/39 Fore Street & 47/49 Aylmer Square<br>St. Austell<br>Cornwall<br>PL25 5PY

37/39 Fore Street & 47/49 Aylmer Square
St. Austell
Cornwall
PL25 5PY

Freehold Retail Investment

  • Substantial town centre retail parade
  • Tenants include Argos, Specsavers and H Samuel
  • Prominent frontages to Fore Street and Aylmer Square
  • Nearby occupiers include Sports Direct, GAME, Iceland, Poundland, Vodafone, EE and The White River Place Shopping Centre
  • Lot
    24
  • Auction
    27th March 2025
  • Rent
    £81,952 per Annum Exclusive
  • Status
    Available
  • Guide*
    £575,000
  • Auction Venue
    Live Streamed Auction
  • Octopus Bridging Loan for Buyers
    To be confirmed
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Freehold Retail Investment

  • Substantial town centre retail parade
  • Tenants include Argos, Specsavers and H Samuel
  • Prominent frontages to Fore Street and Aylmer Square
  • Nearby occupiers include Sports Direct, GAME, Iceland, Poundland, Vodafone, EE and The White River Place Shopping Centre
  • Lot 24
  • Auction 27th March 2025
  • Rent £81,952 per Annum Exclusive
  • Status Available
  • Guide* £575,000
  • Sector
    High Street Retail
  • 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 an attractive tourist and retailing destination, 13 miles north-east of Truro and the world famous Eden Project located only 3 miles to the north-east of the town centre. The property is prominently situated on the south side of Fore Street in the heart of the town centre benefitting from a frontage to Aylmer Square. Nearby occupiers include Sports Direct, GAME, Iceland, Poundland, Vodafone, EE and The White River Place Shopping Centre.

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 an attractive tourist and retailing destination, 13 miles north-east of Truro and the world famous Eden Project located only 3 miles to the north-east of the town centre. The property is prominently situated on the south side of Fore Street in the heart of the town centre benefitting from a frontage to Aylmer Square. Nearby occupiers include Sports Direct, GAME, Iceland, Poundland, Vodafone, EE and The White River Place Shopping Centre.

Tenure

Freehold.

Description

The property comprises a substantial town centre retail parade with significant frontages onto Fore Street and Aylmer Square. Occupiers include H Samuel, Specsavers and Argos together with Boots and WHSmith which have been sold off on long leases.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a substantial town centre retail parade with significant frontages onto Fore Street and Aylmer Square. Occupiers include H Samuel, Specsavers and Argos together with Boots and WHSmith which have been sold off on long leases.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
47/49 Aylmer Square Ground Retail
838.20
(9,022)
ARGOS LIMITED
(1)
10 years from 08/08/2018
£49,000
37 Fore Street Ground
Basement
First
Retail
Ancillary
Ancillary
110.66
20.34
31.40
(1,188)
(218)
(337)
SIGNET TRADING LIMITED
t/a H. Samuel
(2)
5 years from 11/04/2023
(3)
£14,100
39 Fore Street Ground
Lower Ground
First
Retail
Ancillary
Ancillary
115.20
12.20
32.30
(1,240)
(131)
(347)
SPECSAVERS OPTICAL SUPERSTORES LIMITED
t/a Specsavers
(4)
10 years from 29/09/2016
£18,850
1 Aylmer Square   -
-
-
INDIVIDUAL
t/a WHSmith
99 years from 29/09/1980
until 28/09/2079
£1
29&31 Fore Street   -
-
-
PHG GENERAL PARTNER LIMITED
t/a Boots
999 years from 10/11/2011
£1
Total    
1,160.30
(12,483)
(5)
   
£81,952

(1) For the year ending 03/02/2024 Argos Limited reported a turnover of £4,225,449,000, a pre-tax profit of £37,345,000 and a net worth of £145,072,000 (NorthRow).
(2) For the year ending 03/02/2024 Signet Trading Limited reported a turnover of £344,666,000, a pre-tax profit of negative £483,000 and a net worth of £176,858,000 (NorthRow).
(3) The lease provides a tenant option to determine on 11/04/2026.
(4) For the year ending 29/02/2024 Specsavers Optical Superstores Limited reported a turnover of £2,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (NorthRow).
(5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate Auctioneers
Hartnell Taylor Cook LLP Nightingale House, Redland Hill, Redland
Bristol
BS6 6SH
James Frost 0117 923 9234 07741 664631james.frost@htc.uk.com
Seller's Solicitors
Foot Anstey LLP 2 Glass Wharf
Bristol
BS2 0FR
Mark Li 01179154643mark.li@footanstey.com  Rebekah Cooper 0238 144 8246rebekah.cooper@footanstey.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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