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Commercial Property for sale

Victoria Place, St. Austell

£20,000
350 sq. ft.

Property Description

Commercial information

  • 350 sq ft (32 sq m)

Full description

AN INTERESTING OPPORTUNITY TO PURACHSE A GOING CONCERN LAUNDRETTE AND NEWSAGENT BUSINESS IN THE TOWN CENTRE WITH NEW LEASE AVAILABLE AT £5,500 PA

RECENTLY ESTABLISHED BUSINESSES IN REFURBISHED PREMISES

BUSY TRADING LOCATION ON THE EDGE OF THE TOWN CENTRE

Location - BUSY EDGE OF TOWN CENTRE LOCATION. St Austell is the largest town in Cornwall approximately 40 miles from Plymouth and 14 miles from Truro. The town benefits from mainline rail services plus good road communications served by the A390. St Austell ia approximately 6 miles from the A30 trunk road - the primary route linking Cornwall and the M5 motorway.

The subject premises are situated just off Fore Street, St Austell's main shopping street. National retailers in Fore Street include Subway, H Samuels Jewellers, SpecSavers, WH Smith & Boots. The premises is also close to the new town centre development White River Place with furhter National including Superdrug, Prezzo, Lloyds, Argos and T K Max. It offers an excellent trading position ideally suited to take advantage of the town's increasing footfall. St Austell town centre offers a wide range of shopping facilities. With St Austell's main post office now located in W H Smith, just yards from the premises, and continuing to offer an extensive range of services this will undoubtedly increase the pedestrian footfall in the centre of the town benefitting all businesses.

The Business & Contents - The sale includes 2 new businesses operating from recently refurbished accommodation. Subject to negotiation the sale will include all of the fixtures, fittings and equipment. Stock at valuation.

The first business is RIYADH LAUNDRETTE and operates 7 days a week covering the majority of laundry needs.

The second business is RIYADH NEWSAGENTS and also operates 7 days a week selling newspapers, tobacco products, crisps, chocolate and drinks.

The business website is http://www.riyadhlaundry.co.uk/

Newsagent - 3.87 x 3.59 (12'8" x 11'9") - 2 front display windows, central entrance door, suspended ceiling and lighting, service counter, shelving, drinks fridges, doors to:

Laundrette - 3.63 x 2.24 (11'10" x 7'4") - 3 washing machines, 3 dryers, suspended ceiling and lighting, door to:

Kitchen/Store - 3.9 max x 2.8 max (12'9" max x 9'2" max) - stainless steel sink unit, shelving and cupboard, door to:

W.C. - low level w.c., washbasin

Vat - All figures within these terms are exclusive of VAT at the prevailing rates where applicable. Under the Finances Act 1989 and 1997 VAT may be levied on the sale price. We recommend that interested parties establish the VAT implications before entering into any agreement.

Business Rates - From voa.co.uk - The estimated business rates bill in 2017 for 12 VICTORIA PLACE, ST AUSTELL, CORNWALL, PL25 5PE is £ per year

We would refer you to the Valuation Office website www.voa.gov.uk or make your enquiries with the local billing authority at Cornwall Council, Penwinnick Road, St Austell, PL25 5DR. Telephone 0300 1234 171

Local Authority -

Viewing - By telephone appointment with the Landlords Sole Agent: MAY WHETTER AND GROSE, 11 Fore Street, St Austell. PL25 5PX.

TEL: 01726 222967.

Tenure - THE BUSINESS IS FOR SALE AT AN ASKING PRICE OF £20,000 TO INCLUDE STOCK AND WILL COME WITH A NEW LEASE. FULL TERMS AND LENGTH OF THE NEW LEASE ARE SUBJECT TO NEGOTIATION .

THE INITIAL ANNUAL RENT WILL BE £5,500

NOTE - THERE IS THE OPPORTUNITY TO PURCHASE THE FREEHOLD TOGETHER WITH THE BUSINESS AT AN ASKING PRICE OF £85,000

Services - We understand that mains electricity and water are available or connected to the property. However we have not tested or checked for connections to the site and advise that all interested parties make their own enquiries of the appropriate statutory authorities.


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