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Commercial Development for sale

62, Trelowarren Street, Camborne

Sold STC £110,000

Property Description

Commercial information

  • Use class orders: A5 Hot Food Take away

Key features

  • Commercial Investment Opportunity
  • Ground Floor Let On New Formal Lease
  • Potential to Extend to the Rear
  • Off Road Parking x 2 Vehicles
  • Tenanted 1 Bedroom Flat Above
  • Total Income 11,200 pa

Full description

Commercial investment opportunity consisting of a ground floor, A5 planning use, outlet and a separate 1 bedroom flat above with its own separate access to the rear. To the rear of the property there is parking for two vehicles and a garden that would be for the enjoyment of the flat.

The ground floor is presently trading as Munch Away and this is a new Lease that commenced January 2015 and inside the Landlord & Tenant Act 1954, Part 2a, for a 6 year term with a passing rent of £6,000 pa. Total rental income is £11,200 pa.

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. 62 Trelowarren Street occupies a secondary pitch with nearby occupiers including Pound Stretcher, Carphone Warehouse and a good variety of independent traders.

Description - The property is made up of a commercial use on the ground floor with a 1 bedroom flat on the first floor with its own separate access.

The ground floor is occupied and trades under A5 Planning Use. The business has recently been acquired with a lease commencing in January 2015 for a 6 year term. The commercial element measures approximately 40.8 sq m (439.17 sq ft) and there is a right of way to get to the WC to the rear.

Residential 1 Bedroom Flat
This is let on an Assured Shorthold Tenancy Agreement commencing August 2014 and is achieving a rental income of £433 pcm. The accommodation consists of a 1 bedroom flat with its own separate access. The access is from the lane to the rear of the property where there is parking for one car for the residential and one space for the commercial.

Exterior - To the rear of the property there is a good size garden with pathway and some outbuildings suitable for storage purposes. At the bottom of the garden is parking for two vehicles which has its own secured fence/gate.

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151

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

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
Mike Nightingale on 01872 247008 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.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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