Commercial Development for sale

Investment, 65, Trelowarren Street, Camborne

Sold STC 1,214 sq. ft. | £149,500

Property Description

Commercial information

  • 1,214 sq ft (112 sq m)
  • Use class orders: A1 Shops

Key features

  • INVESTMENT OPPORTUNITY
  • 2 RETAIL UNITS
  • 1 BED FLAT WITH SEPARATE ACCESS
  • DEVELOPMENT OPPORTUNITY TO REAR
  • TOTAL INCOME 13,224 PA
  • ENERGY PERFORMANCE ASSET RATING (D)

Full description

This is a commercial investment opportunity for a property situated on Trelowarren Street, Camborne. The property comprises two retail units and a 1 bedroom flat above with separate access. In addition there is a 2 storey property to the rear which has some potential to create a further dwelling subject to obtaining the necessary planning permission. There is parking for 3 vehicles which is accessed from Vyvyan Street to the rear.

Total rental income is £13,884 pax.

Location - Camborne forms part of the largest conurbation in Cornwall and was formerly one of the richest mining areas of the world. It is located in the heart of Cornwall, 15 miles from Truro and 16 miles from Penzance. Camborne station is on the main line to London Paddington and the town is 60 miles from Plymouth.

Situation - Trelowarren Street is the principal high street in Camborne. 65 Trelowarren Street occupies a secondary pitch with nearby occupiers including Pound Stretcher, Carphone Warehouse, and a good variety of independent traders.

Description - 65 Trelowarren Street offers two retail units on the ground floor with a separate 1 bedroom residential flat above. The property offers a development opportunity at the rear which currently comprises an outbuilding for a possible residential mews.
The 1 bedroom flat is accessed at the rear of the property which is let and has undergone refurbishment recently with new PVC windows installed.

Accommodation - (All measurements are approximate)

Retail Unit 65- Net internal area of 29.19 sqm (314.2 sqft). This is presently let for £3,380 pax but is to be reviewed June 2018.

Retail Unit 65a - Net internal area of 27.16 sqm (292.3 sqft) which is available off a guide rent of £3,600 pax reviewed July 2018.

Flat- Separately accessed . Currently configured as a 1 bedroom unit ERV £5,400 pax.

At the rear of the property fronting Vyvyan Street there is a two storey building with potential for conversion to residential (STP) with a Gross External Area of 39.37sqm on the ground floor.

Tenancies - Unit 65 is let on a 3 year lease with a commencement date of June 2015 and outside the Landlord & Tenant Act 1954 Part II. The passing rent on this unit is £3,380 pax.

Unit 65a is let on a 3 year lease with a commencement date of July 2015 with a passing rent of £3,600 pax for a minimum 3 year term.

The 1 bedroom flat is presently let and achieving a rental figure of £5,400 pax.

The 2 storey granite building to the rear is presently let out on an informal basis and achieving a rent of £1,044 pax.

The total income achieved for this property is £13,424 pa.

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate - The Energy Performance Rating for this property is within Band D.

Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Vat - All the above prices/rentals are quoted exclusive of VAT, where applicable.

Contact Information - For further information or an appointment to view please contact Thomas Hewitt on 01872 247025 or via email th@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Camborne (0.3 mi)
  • Redruth (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Camborne (0.3 mi)
  • Redruth (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 10001972E_1972. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Miller Commercial, 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.

Map data OpenStreetMap contributors.