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
