Let to The Works Stores Ltd until December 2030 (Subject to Option)
Recently renewed 5 year lease
Tenant in occupation for over 10 years
Long term Residential Conversion potential of upper parts (Subject to Consents)
Prominent position on pedestrianised Fore Street
Nearby occupiers include Boots, WH Smith, H Samuel, Holland & Barrett, Argos, Clarks and Sports Direct
Lot 26
Auction 11th December 2025
Rent £27,500 per Annum Exclusive
Status Available
Guide* £180,000 - £200,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74 miles southwest of Exeter
Roads
A30, A39, A390,
Rail
St Austell Railway Station
Air
Newquay Airport
Situation
St Austell is a busy town 13 miles northeast of Truro. The town is an attractive tourist destination, with the Eden Project located only 3 miles to the northeast of the town centre. The property occupies a prominent position on the prime pedestrianised Fore Street, close to the White River Place Shopping Centre. Other nearby retailers include Boots, WH Smith, H Samuel, Holland & Barrett, Argos, Clarks and Sports Direct. The building is located on Fore Street, with Priory Car Park situated nearby.
Tenure
Freehold.
Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74 miles southwest of Exeter
Roads
A30, A39, A390,
Rail
St Austell Railway Station
Air
Newquay Airport
Situation
St Austell is a busy town 13 miles northeast of Truro. The town is an attractive tourist destination, with the Eden Project located only 3 miles to the northeast of the town centre. The property occupies a prominent position on the prime pedestrianised Fore Street, close to the White River Place Shopping Centre. Other nearby retailers include Boots, WH Smith, H Samuel, Holland & Barrett, Argos, Clarks and Sports Direct. The building is located on Fore Street, with Priory Car Park situated nearby.
Tenure
Freehold.
Description
The property is a substantial and attractive end terrace retail unit comprising Ground floor retail accommodation and ancillary accommodation in the basement and on the upper floors. The property benefits from a side entrance and long term residential conversion potential of the upper floors, subject to obtaining the required consents.
EPC
Band C
Description
The property is a substantial and attractive end terrace retail unit comprising Ground floor retail accommodation and ancillary accommodation in the basement and on the upper floors. The property benefits from a side entrance and long term residential conversion potential of the upper floors, subject to obtaining the required consents.
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Basement Ground First Second
Ancillary Retail Ancillary -
122.00 298.90 210.60 -
(1,313) (3,217) (2,267) -
THE WORKS STORES LIMITED (CRN 06557400) (t/a The Works) (2)
15 years from 25/12/2015 (3)
£27,500
24/12/2030
Total approximate floor area
631.50 (1)
(6,797)
£27,500
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) The Works is a discount stationery, books and arts & crafts retailer currently trading from over 500 stores across the UK and Ireland (www.theworks.co.uk). For the year ending 04/05/2025, The Works Stores Limited (CRN: 06557400) reported a Turnover of £277,039,000, a Profit before Tax of £9,502,000, and a Total Equity of £20,856,000. (Source: Annual Report and Financial Statements as published on Companies House 19/11/2025). (3) The property is let for a term of 15 years from 25/12/2015 by virtue of a 10 year lease from 25/12/2015 until 24/12/2025 and a Reversionary lease for a term of 5 years from 25/12/2025 until 24/12/2030. The Reversionary lease provides a Tenant option to determine the lease on 25/12/2028 subject to serving 6 months prior written notice.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
