29 Alverton Street Penzance TR18 2QN

29 Alverton Street
Penzance
TR18 2QN

Freehold Retail Convenience Store Investment

  • Let to Martin McColl Limited
  • Residential potential on upper floors (subject to consents)
  • Nearby occupiers include NatWest, HSBC, Clarks, Burton and JD Wetherspoon
  • Lot
    65
  • Auction
    11th July 2018
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £340,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Convenience Store Investment

  • Let to Martin McColl Limited
  • Residential potential on upper floors (subject to consents)
  • Nearby occupiers include NatWest, HSBC, Clarks, Burton and JD Wetherspoon
  • Lot 65
  • Auction 11th July 2018
  • Rent
  • Status Sold
  • Price £340,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
25 miles south-west of Truro, 33 miles south-west of Newquay, 75 miles south-west of Plymouth
Roads
A30, A3071, A394
Rail
Penzance Railway Station
Air
Bristol International Airport
Situation

The property is prominently located within the town centre on the north side of Alverton Street. Nearby occupiers include NatWest, HSBC, Clarks, Burton and JD Wetherspoon.

Tenure

Freehold.

Location
Miles
25 miles south-west of Truro, 33 miles south-west of Newquay, 75 miles south-west of Plymouth
Roads
A30, A3071, A394
Rail
Penzance Railway Station
Air
Bristol International Airport
Situation

The property is prominently located within the town centre on the north side of Alverton Street. Nearby occupiers include NatWest, HSBC, Clarks, Burton and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from separate access to the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from separate access to the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
First
Retail
Ancillary
231.54 sq m
165.11 sq m
(2,493 sq ft)
(1,777 sq ft)
MARTIN McCOLL
LIMITED
t/a McColl’s
Convenience Store
(1)
15 years from
21/11/2006 on a
full repairing
and insuring
lease
£32,000 20/11/2021
Total
396.65 sq m
(4,270 sq ft)
    £32,000  

(1) Martin McColl Ltd was incorporated in 1935 and for the year ending 27th November 2016, Martin McColl Limited reported a turnover of £518,736,000, a pre-tax profit of £25,631,000 and a total net worth of £111,606,000 (Source: Experian Group 4/06/2018).

Property Documents

  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    638 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Collins Benson Goldhill LLP 26-28 Great Portland Street
London
W1W 8QT
Alex Hutchings 020 7436 5151ah@cbglaw.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in 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.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now