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Grampound Road PO/Store, The Square, Truro, Cornwall

888 sq. ft. | £39,950

Property Description

Commercial information

  • 888 sq ft (82 sq m)
  • Use class orders: A1 Shops

Key features


Full description

Unopposed busy and successful popular convenience store which has recently been re-furbished, is well equipped and presented with c. 1000 sq ft of retail space, staff area and large lower ground floor storage.
Freehold and Lease Purchase Option available.

Location - Grampound Road is an attractive and historic village, located between Truro and St Austell, with a number of period properties. The village attracts those wishing to enjoy a rural location yet with good access to the City of Truro and the larger town of St Austell together with the North and South coasts.

We are advised that the village is expanding in terms of new homes being built, principally aimed at first-time buyers. The village has a primary school, public house and, of course, the post office and stores

The Property - The two-storey premises are attached on one side wall, originally built of stone, with a later more modern extension. The retail premises have recently been subject to a refurbishment programme and are very well presented, with a suspended ceiling, tiled floor and a comprehensive range of price-edge and free-standing shelving and display units. We understand that a village stores has operated on this site for over 20 years, has been in our clients tenure for approaching 4 years and is now being sold due to other business commitments.

The Business - The business trades between 7am and 8pm, Monday to Friday; between 8am and 8pm on Saturday and 9am and 6pm on Sunday.

We are advised the turnover for the year end January 2016 showed net sales of £366,099 producing a gross profit level of 22% and which overall produces an adjusted net profit in the region of circa £29,177 (after deducting market rent, all normal overheads, and staff costs of circa £41,634 per annum. Further accounting information will be made available subsequent to a viewing in the normal manner.

The Accommodation Comprises - (all areas and dimensions are approximate)

Retail Area - 11.7m x 6.2m plus 3.41m x 2.9m: An impressive retail area which has a suspended ceiling, tiled floor and a comprehensive range of display shelving and freezer/ chiller cabinets. CCTV system. 1 Post Office Counter position. Ramp door to front elevation.

To the rear of the retail area:

Office - Window to side elevation, laminate flooring.

Rear Preparation / Staff Wc Area - 6.75m x 1.44m. Window to side elevation. Stairs descending to the lower ground floor.

Storage Area - 6.32m x 6.4m. Doors to side elevation allowing for deliveries. Shelving units and freezers.

Storage Area 2 - 2.32m x 6.2m.

Storage Area 3 - 3.9m x 6.2m.

Energy Performance Certificate - The Energy Performance Certificate relating to this property is available via our website by clicking on the property details under the property search screen. It currently has a C rating.

Premises Licence - We understand the business currently holds a relevant Premises Licence in respect of the sale of intoxicating liquor off the premises.

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Stock - To be taken at valuation on completion.

Tenure - Leasehold - The business is to be offered by way of a new Lease, for an initial period of 10 to 12 years (to be negotiated), with an initial passing rental of £15,000 per annum on a full repairing and insuring terms.

NB -- Freehold available by separate negotiation.

N.B. - Our clients will consider a Lease purchase option, ie whereby a proposed tenant takes the new Lease, with an option at a pre-determined time to purchase the freehold of the business should they desire - further details via the Selling Agents.

General Information - BUSINESS RATES
We refer you to the valuation office website 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

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

Finance - If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information - For further information or an appointment to view please contact either:-

Graham Timmins on 01872 247019 or via email or
Paul Collins on 01872 247029 or via email or
Beverly Northey on 01872 247031 or via email

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.

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