River Street, Truro

LOCATION:
Truro is well established as the principal retail centre for the County of Cornwall and provides some of the most attractive and comprehensive shopping in the south-west. In addition, the Cathedral City is the administrative centre for the county with public sector occupiers including Cornwall Council and the combined Crown and County Courts. The city has a resident population of around 23,000 persons but has a catchment population of 265,000 persons.
 
SITUATION:
The property lies within River Street very close to the prime retailing pitch within Truro. The area is predominantly occupied by a mix of regional and local traders with nearby occupiers including the busy Bread and Butter café and bakery on either side of the street, British Red Cross and Trevails – a very busy local mens and ladies outfitters. The Royal Cornwall Museum, which attracts large visitor numbers, is situated in close proximity. River Street benefits from 30-minute on-street parking.
 
DESCRIPTION:
The ground floor lock-up premises comprises good traditional retail frontage along with shared rear toilet facilities. The premises benefits from LED lighting and new electrical re-wiring. The windows and front door have detachable steel grilles for added security.

ACCOMMODATION: (All dimensions and areas are approximate)
Shop width 3.16 m
Shop depth 6.26 m
Shared WC with neighbour (water bill split 50/50)
 
Total sales area 17.62 m² (190 ft²) 

PRICE:
The property is held on a 999 year lease (with approximately 970 years unexpired) at a peppercorn ground rent. An annual insurance payment is made to the freeholder which, this year, we are advised was around £265.
 
PRICE:
£59,000 is sought for the long leasehold interest.
 
BUSINESS RATES:
Rateable Value £5,400 – eligible occupiers will therefore quality for 100% Small Business Rate Relief.

Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: .
 
VAT:
All figures quoted are exclusive of VAT where applicable.
 
SERVICES:
Mains electricity and drainage are connected. There is no mains water running into the property and the WC facilities are shared with the neighbouring property, Endurance Carpets, and their water bill is split 50%. The property has a modern fibre internet connection.
 
We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.
 
PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.

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

MONEY LAUNDERING OBLIGATIONS:
In line with The Money Laundering Obligations 2017, Laskowski and Company are obliged to verify ID for all individuals and businesses that are conducting property transactions through the Company.

ENERGY PERFORMANCE CERTIFICATE:
The property has a rating of 98 within Band C.
Certificate Reference No. 3006-6981-5788-1273-0227
Report Reference No. 7649-1352-4669-4182-4968

VIEWING:
By appointment through Laskowski and Company on . Contact either Stuart Sly or James Laskowski