Commercial Property for saleDuke Street, St Austell
Full descriptionA RARE AND INTERESTING OPPORTUNITY TO PURCHASE A TOWN CENTRE FREEHOLD INVESTMENT OPPORTUNITY. MIX OF COMMERCIAL AND RESIDENTIAL TENANTS. POTENTIAL FOR FURTHER DEVELOPMENT OR RE DEVELOPMENT (SUBJECT TO CONSENTS) CURRENT ANNUAL INCOME c£21,700 plus £5,000 EMPTY UNIT
The Town - The recently regenerated St Austell town centre is situated within a short distance and offers a wide range of shopping, educational and recreational facilities. There is a mainline railway station and leisure centre together with primary and secondary schools and supermarkets. The picturesque port of Charlestown and the award winning Eden Project are within a short drive. The town of Fowey is approximately 7 miles away and is well known for its restaurants and coastal walks. The Cathedral city of Truro is approximately 13 miles from the property.
Location - The property is situated in a prominent edge of town centre location adjoining the taxi rank just off South Street.
The Investment - A rare opportunity to purchase a substantial town centre Freehold Investment property with a commercial/residential mixed use. The ground floor comprises 3 retail units with 2 currently occupied. The first floor is currently a large office suite and the second floor a spacious 3 bedroom apartment. To the rear is a courtyard providing parking for 3 vehicles. There is without doubt room for further development, subject to necessary consents, which could include converting the apartment into 2 units and possible converting the office suite into residential.
11-13 Duke Street - Currently one unit (previously 2 units) with central archway a retail sales unit.
Number 11 (5.2m max x 3.37 m av) front display window, front entrance door, rear store, rear door, open archway to:
Number 13 (6.1m max x 3.3m av) front display window, entrance door, rear kitchenette and w c.
15 Duke Street - Currently oppupied by a local hairdresser.
Number 15 (5.2m max x 3.5m av) front display window, front entrance door, 2 cutting station salon, rear kitchenette/store, w.c..
17 Duke Street - Currently occupied by a local newsagent.
Number 17 Front Shop 5m av x 4.3m max, side store
Inner Shop 5.6m max x 3m av, rear window, doors to
Store 1 5.6m x 3m av.
Store 2 2.9m av x 2m
19 Duke Street - First Floor Office Suite
The premises provides....
LARGE COMMUNAL RECEPTION OFFICE with kitchen and toilet facilities.
Office 1 - 3.36m x 3.54m
Office 2 - 3.61m x 2.67m
Office 3 - 3.67m x 3.45m
Office 4 - 3.43m x 3.84m
OFFICE 5 - Large office with rear window.
OFFICE 6 - Another large office with side window.
19A Duke Street - Currently a 3 spacious bedroom apartment.
Hall and landing
Bathroom W C 3.3m max x 2.5m av
Kitchen 3m av x 2.9m av
Bedroom 1 4.9m max x 3.09m max
Sitting Room 4.8m av x 6m max
Bedroom 2 4m x 3.1m
Bedroom 3 5.3m x 3.8m with rear access door and stairs to car park
Outside - To the rear of the property is a courtyard providing parking some 3 vehicles.
To the front the property adjoins the pavement and taxi rank.
Property Rents - 11-13 Duke Street - vacant and marketed - asking rent c£5,000 pa
15 Duke Street - 6 year lease at £4,800 pa
17 Duke Street - 5 year lease at £4,950 pa
19 Duke Street - 9 year lease at 3936 pa
19a Duke Street - rolling assured shorthold tenancy - £695 pcm
Services - None of the systems, services or appliances at the property have been tested by the agents.
Local Authority - Cornwall Council 0300 123 4100
Current Rateable Values - please see www.voa.gov.uk
Viewing - STRICTLY by appointment with the Vendors agents: MAY WHETTER AND GROSE, 11 FORE STREET, ST AUSTELL. PL25 5PX
Tel: 01726 73501 Email: email@example.com Website: www.maywhetter.co.uk
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