Truro

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THREE STOREY RETAIL PREMISES AVAILABLE BY WAY OF LEASE ASSIGNMENT- 10 RIVER STREET

Assignment of existing 15 year lease commencing 1st February 2012. The passing rent is £48,000 p.a.

Arranged on three floors and comprises well presented ground floor retail area with window frontage onto River Street and changing rooms to the rear. Upper floors provide storage and office accommodation in addition to kitchenette and staff toil

LOCATION:
Truro is the principal retail and administrative centre for Cornwall with a resident population of approximately 19,000 and an estimated retail catchment of 75,000. This population is increased considerably during the summer months due to the large influx of tourists.

SITUATION:
The property lies within River Street very close to the prime retailing pitch within Truro. Nearby occupiers include Specsavers, White Stuff, Mistral, Trevails and Johnson Cleaners.

DESCRIPTION:
The building is arranged on three floors and comprises a well presented open plan ground floor retail area with double display window frontage on to River Street and changing rooms to the rear. Staircase access leads to the upper floors which provide extensive storage and office accommodation in addition to kitchenette and staff toilet facilities. The second floor has self contained access by way of an external fire escape staircase at the rear of the building and is therefore capable of being sublet if required.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Net internal width 8.60m (max)
Shop depth 15.90m
Sales area 116.65m² (1255 ft²)

First Floor
Store 8.32m² ( 90 ft²)
Store 12.55m² ( 135 ft²)
Kitchenette 7.48m² ( 80 ft²)
Male and female WCs

Second Floor
Office 17.15m² ( 185 ft²)
Store 5.75m² ( 62 ft²)
Store 4.25m² ( 46 ft²)
Store 10.15m² ( 109 ft²)
Store 7.35m² ( 79 ft²)
Male and female WCs

TERMS:
Assignment of existing 15 year full repairing and insuring lease commencing 1st February 2012. The passing rent is £48,000 per annum with a rent review on the 5th anniversary. Alternatively a new sublease would be considered.

BUSINESS RATES:
Rateable value £45,750 (2010 List)
For further information regarding rates payable contact Cornwall Council - Tel: 0300 1234171.

VAT:
All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS:
The ingoing assignee will be responsible for the reasonable legal costs incurred in the preparation and execution of the lease assignment documentation.

SERVICES:
We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.

PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.

VIEWING:
Strictly by appointment with sole agents Charterwood on (01872) 261216.
Contact Chris Waters or Helen Fussey.

ENERGY EFFICIENCY RATING:
Certificate Reference Number: 0894-2568-2630-1300-790
Report Reference Number: 0260-7938-0429-8160-5044

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