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).