The Works, 27 Fore Street St. Austell Cornwall PL25 5PX

The Works, 27 Fore Street
St. Austell
Cornwall
PL25 5PX

Freehold Retail Investment

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
Sold
Price
£211,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

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 Sold
Price £211,000
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

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.

VAT

VAT is applicable to this lot.

EPC

Band C

Description

VAT

VAT is applicable to this lot.

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.