Commercial Property for sale

Newham Industrial Estate, Newham, Truro, TR1

Offers in Excess of £700,000

Property Description

Key features

  • 0.7 acre commercial site on the edge of the City centre
  • Versatile premises
  • High yielding investment opportunity
  • Full Sale Particulars at

Full description

Tenure: Freehold

Enjoying long frontage to Newham Road, with a useful second access onto Harvey Road which leads to the Royal Mail sorting office, the site is situated in the heart of Newham, a popular commercial location on the fringe of Truro City centre and which over recent years has also developed into a sought after location for offices.

Nearby occupiers include Tesco, Currys, Staples, ATS, Skinners Brewery, Royal Mail main sorting office and Cornish Mutual Assurance Co. Ltd. offices.

The site comprises a showroom premises with parking which is leased to a luxury bathroom company, a large parking area leased until recently to Cornwall Council and a further large compound leased to a well known vehicle rental company.

The showroom is of steel frame construction with brick and profile steel sheeted cladding under a profile steel sheeted roof covering and has an internal area of 304.5 m2 (3,277 ft2) together with ample forecourt parking, part of which is covered parking under a substantial profile steel sheeted canopy, which has dimensions of 13.5m x 6.5m. Within the centre of the site there is large car parking area with direct access of Newham Road and containing 25 designated spaces with more space available.

The remainder of the site is let to a national vehicle rental company and contains two portable buildings used as offices which are owned by the tenant, a vehicle valeting area and extensive parking.

The site extends in total area to 0.7 of an acre or over 2,800m2 and with the exception of the showroom is nearly all tarmac surfaced and situated in a prominent and easily accessible location with tremendous development potential, subject to any appropriate planning permissions and consents etc.

RENT: The Lease on the bathroom showroom was for a ten year period ending 21st March 2015. The rent payable for the period from 1st January 2014 until 31st December 2014 is 30,000 and it rises to 36,000 for the remainder of the Term.
With regard to the Enterprise Lease, this is for a period of ten years from 1st August 2006 and the rent increases annually by 1,000 from 1st August each year. The rent is 20,000 for the period from 1st August 2013 until 31st July 2014, 21,000 from 1st August 2014 until 31st July 2015 and 22,000 for the last year of the Lease.
In addition, there are about 24 car parking spaces which are let to Cornwall Council from time to time and they usually pay 400 plus VAT for a six month period for each space.

SERVICES: All mains services are available on site.

LOCAL AUTHORITIES: Cornwall Council, County Hall, Truro, Tel: 0300 1234 100. Western Power Distribution, Tel: 0845 6012989. South West Water, Exeter, Tel: 0800 1691144.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY: The sale will be subject to and with the benefits of all existing wayleaves, easements and rights of way as may exist.

PARTICULARS AND PLAN: The attached plan is not to scale and is for the purpose of identification only. Although believed to be correct the accuracy of the plan is in no way guaranteed nor does it form part of the contract.

VIEWING: Strictly and only by prior telephone appointment with the Sole Agents Lodge & Thomas, 58 Lemon Street, Truro, TR1 2PY. Tel: 01872 272722.

Nearest stations

  • Truro (0.9 mi)
  • Perranwell (4.1 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Lodge & Thomas, Truro

58 Lemon Street, Truro, TR1 2PY

01872 394024 Local call rate

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Property reference 8652. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lodge & Thomas, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.