Sold

Offers sought

£250,000

Freehold Shop For Sale

Truro

Freehold

Sector: Retail

Contact us:

01326 318813

[email protected]

Summary

Mid-terrace two-storey building occupying secondary trading location in New Bridge Street close to the junction with Duke Street and St Mary’s Street. Ground floor has large traditional shop front leading to the first floor which comprises open plan area suitable for storage or staff accommodation.

Key Features

Location

Floor Plan

EPC

Details

LOCATION

Truro is well established as the principal retail centre for the County of Cornwall and provides some of the most attractive and comprehensive shopping in the south-west. In addition, the Cathedral City is the administrative centre for the county with public sector occupiers including Cornwall Council and the combined Crown and County Courts. The city has a resident population of approximately 23,000 persons but has an estimated catchment population of 265,000 persons.

SITUATION

The property occupies a popular secondary trading location in New Bridge Street close to the junction with Duke Street and St Mary’s Street. The area is occupied by a mix of local independent businesses with nearby occupiers including Warrens Bakery, Duke Street Delicatessen, Martin & Co Letting Agents, Standen Opticians and Zafiros Bar and Restaurant. Local authority parking is in close proximity.

DESCRIPTION

The mid-terraced building is arranged on two floors and has traded for a number of years as a ladies boutique and before that as an antique shop. The ground floor has a large traditional shop front with a central glazed entrance door leading to an open plan sales area with fitting room, storage, kitchenette and staff toilet. A staircase leads to the first floor which comprises an open plan area suitable for storage or staff accommodation, but with potential for conversion to a self-contained residential flat subject to consent.

ACCOMMODATION

Net internal width 8.57 m Shop depth 8.06 m Sales area 58.91 m² (634 ft²) Store 7.10 m² (76 ft²) Kitchenette 3.57 m² (38 ft²) Staff Toilet First Floor Store 67.36 m² (725 ft²)

SALE PRICE

Offers in the region of £250,000 are sought for the freehold interest.

BUSINESS RATES

The property is assessed as a “Shop and Premises” with a Rateable Value of £21,750. Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them – Tel: 0300 123 4171.

VAT

We understand that the property is not registered for VAT.

LEGAL FEES

Each party to be responsible for their own legal costs incurred in the transaction.

PLANNING

Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for their proposed use. Subject to planning consent, potential exists to convert the first floor into a self-contained residential flat.

MONEY LAUNDERING REGULATIONS

In line with The Money Laundering Regulations 2017, Charterwood are obliged to verify ID for all clients that are conducting property transactions through the Company.