Commercial Property for sale

The Leats, Truro, Cornwall, TR1

Offers in Excess of £100,000
520 sq. ft.

Property Description

Key features

  • FREEHOLD INVESTMENT FOR SALE
  • PREMISES CURRENTLY TRADING AS "1652 COFFEE AND DONUT HOUSE"
  • CURRENT INCOME 8,666.66 PER ANNUM PLUS VAT
  • PREMISES CURRELTY LET ON FRI LEASE FOR TERM OF FIVE YEARS
  • EPC RATING - BAND E
  • OFFERS IN EXCESS OF 100,000

Full description

Tenure: Freehold

SITUATION:
The premises, currently trading as "1652 Coffee and Donut House", are located in a central position within the City, with access from both The Leats and Tonkins Ope which leads directly on to King Street. Nearby occupiers include Save The Children and the Nalders Court shopping arcade. The iconic Truro Cathedral faces Tonkins Ope.

DESCRIPTION:
The distinctive premises comprise a two storey end of terrace building. The well presented accommodation offers 25 covers arranged on both ground and first floors. A fully equipped kitchen is situated on the ground floor, with the first floor providing an attractive, naturally lit, seating area, useful storage and toilet facilities.

ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Sales/Seating 16.85m? (181 ft?)
Kitchen 8.05m? ( 87 ft?)

First Floor
Seating 22.50m? (242 ft?)
Store 0.94m? ( 10 ft?)
WC

SERVICES:
We understand that the property is connected to mains gas, electricity, water and drainage. A fire alarm has been installed. We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

LEASE DETAILS:
The property is let on a full repairing and insuring Lease dated 7th March 2017 for a term of 5 years. The passing rent is £10,000 plus VAT per annum. A rent review and a Tenant only break are incorporated on the third anniversary of the term. The break clause requires at least 6 months written notice. By personal agreement the tenant is paying £200 per week inclusive of VAT.

FREEHOLD:
Offers in excess of £100,000 plus VAT are sought for the freehold interest.

BUSINESS RATES:
Rateable Value £7,400 (2017 List)
For further information regarding rates payable and eligibility for small business relief contact Cornwall Council - Tel: 0300 1234100

VAT:
We understand that the property is registered for VAT and VAT will therefore be payable on the sale price.

COSTS:
Each party to be responsible for their own legal costs.

VIEWING:
Viewing arrangements may be made through Charterwood.
Contact either Stuart Sly or Jo Counter


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Truro (0.4 mi)
  • Perranwell (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Charterwood Commercial Property Consultants Ltd, Cornwall

17a River Street, Truro, TR1 2SQ

01872 490024 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

  • Truro (0.4 mi)
  • Perranwell (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Charterwood Commercial Property Consultants Ltd, Cornwall

17a River Street, Truro, TR1 2SQ

01872 490024 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 3866. 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 Charterwood Commercial Property Consultants Ltd, Cornwall. 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.

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