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Retail Property (high street) for sale

Katy's Boutique, 16a, Walsingham Place, Truro


Property Description

Key features


Full description

A Beautifully Presented Lingerie Shop in the Cathedral City of Truro with Highly Profitable On Line Business and extensive product range.

Location - Katy's Boutique occupies the ground floor of an interesting corner property at the entrance to Walsingham Place, just off Victoria Square in the heart of the Cathedral City of Truro.

As the main administrative and commercial centre in Cornwall, Truro has seen significant commercial and retail investment in recent years making it a thriving and vibrant city. The continuing residential development in and around the city, together with plans for a new stadium and expansive development just to the west, mean the area will see increased growth, certainly for the foreseeable future.

Property - The boutique comprises a very well presented, dual aspect sales area extending to approximately 300 Square feet, with fitting rooms to the rear and store room with staff WC.

The Business - The business was established by our clients 4 years ago, initially as an E-Commerce business. In November 2016, the shop was opened to provide a high street presence to compliment their on line operation.

The shop currently trades 5 days a week, (closing on Sundays and Tuesdays), and is operated without the assistance of staff.
The boutique stocks an impressive range of lingerie and hosiery with brands including Charnos, Roza, Lepel, Gabriella and Provocative.

Trading accounts for the year ending 31 October 2017 show sales of £151,092 with a 47% gross profit margin. Further accounting information will be made available to interested parties, following a viewing, in the normal manner.

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

Main Retail Sales Area - 8.227 x 3.392m (27'0" x 11'1") - Dual aspect sales area with a range of wall mounted and free standing displays, wooden serving counter, wooden console table, large welsh style dresser, Wooden Flooring, Ceiling Spotlights.

To the rear of the sales area are 2 changing cubicles, located directly behind the central partition.

Store Room/Staff Wc - Wall mounted shelving. Window to side elevation.
Pedestal Wash hand basin. WC.

Tenure - The business is offered for sale by way of the assignment of the existing Underlease which expires 27 February 2023 at a passing rental of £12,500pa. There are tenant only break clauses on 28 February 2019 and 2021.

General Information - 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.

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.

Business Rates - We refer you to the government website

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

Stock - To be taken at valuation.

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
Beverley 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.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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