16 - 22 Fore Street St Austell Cornwall PL25 5EP

  • 16 - 22 Fore Street<br>St Austell<br>Cornwall<br>PL25 5EP

16 - 22 Fore Street
St Austell
Cornwall
PL25 5EP

Freehold Retail Parade Investment

  • Comprises three retail units
  • Let to tenants trading as Shoe Zone and Cornwall Hospice Care
  • Located on St Austell’s principal pedestrianised retailing thoroughfare
  • Close to White River Place Shopping Centre
  • Nearby occupiers include Boots the Chemist, WH Smith, Holland & Barrett and Clarks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    61
  • Auction
    8th December 2016
  • Rent
    £72,250 per Annum Exclusive
  • Status
    Sold
  • Price
    £505,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers at CBRE
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Retail Parade Investment

  • Comprises three retail units
  • Let to tenants trading as Shoe Zone and Cornwall Hospice Care
  • Located on St Austell’s principal pedestrianised retailing thoroughfare
  • Close to White River Place Shopping Centre
  • Nearby occupiers include Boots the Chemist, WH Smith, Holland & Barrett and Clarks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 61
  • Auction 8th December 2016
  • Rent £72,250 per Annum Exclusive
  • Status Sold
  • Price £505,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers at CBRE

Property Information

Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74miles south-west of Exeter
Roads
A390, A30, A39
Rail
St Austell Railway Station
Air
Exeter International Airport
Situation

The property is prominently situated on the north side of pedestrianised Fore Street, the town's principal retailing thoroughfare. White River Place Shopping Centre is close by housing retailers including Prezzo, TK Maxx, New Look, Superdrug and Costa. Other nearby occupiers on Fore Street include Boots the Chemist, WH Smith, Holland & Barrett and Clarks.

Tenure

Freehold.

Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74miles south-west of Exeter
Roads
A390, A30, A39
Rail
St Austell Railway Station
Air
Exeter International Airport
Situation

The property is prominently situated on the north side of pedestrianised Fore Street, the town's principal retailing thoroughfare. White River Place Shopping Centre is close by housing retailers including Prezzo, TK Maxx, New Look, Superdrug and Costa. Other nearby occupiers on Fore Street include Boots the Chemist, WH Smith, Holland & Barrett and Clarks.

Tenure

Freehold.

Description

The property comprises an unbroken parade of three retails units, providing ground floor retail accommodation with ancillary accommodation on the first and second floors. The property benefits from a rear yard accessed from Biddicks Court.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises an unbroken parade of three retails units, providing ground floor retail accommodation with ancillary accommodation on the first and second floors. The property benefits from a rear yard accessed from Biddicks Court.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
No. 16 Ground
First		 Retail/Ancillary
Ancillary
81.80 sq m
68.50 sq m
(881 sq ft)
(737 sq ft)
 CORNISH HOSPICE
CARE LIMITED (1)		 From 25/08/2010 £25,000 28/01/2019
No. 18 Ground
First
Second		 Retail/Ancillary
Ancillary
Ancillary
169.90 sq m
165.30 sq m
36.60 sq m
(1,829 sq ft)
(1,779 sq ft)
(394 sq ft)
 VACANT      
No. 20-22 Ground
First
Second		 Retail/Ancillary
Ancillary
Ancillary
128.30 sq m
79.60 sq m
65.70 sq m
(1,381 sq ft)
(857 sq ft)
(707 sq ft)
 ZONE RETAIL
t/a Shoe Zone (formerly Oliver Timpson
Retail Limited) (2)		 25 years from
24/06/1992		 £47,250 23/06/2017
Totals    
795.70 sq m
(8,565 sq ft)
     £72,250  

(1) Cornish Hospice Care is a charity offering hospice care to patients and their families. Cornish Hospice Care trades from 28 stores throughout Cornwall. (Source: www.cornishhospice.co.uk)
(2) Shoe Zone operate from over 500 stores throughout the UK and Republic of Ireland (www.shoezone.com).

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Austin Judson 0113 283 2500austin.judson@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

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.

You have 200 character(s) left.

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?