Withdrawn
Withdrawn

Commercial Street, Camborne

retail
£100,000 Guide Price

Features

  • Prominent town centre location
  • Ground floor let and income producing
  • Let to Cornwall Barbers for a term of 15 years from 2019
  • Current rental income of £7,200 per annum
  • Total 986 sq ft (taken from VOA website)
  • Gross yield 7.2%
  • Book Viewing
  • Floorplan
  • Brochure

Property Summary

986 Sq Ft
This property is not currently available. It may be sold or temporarily removed from the market.
An attractive investment opportunity comprising a prominent ground floor mid-terraced retail unit currently let as a barber shop with sales area, kitchen, WC and pedestrian access to rear.
  • Ref: LAT221014
  • Type: Retail
  • Availability: Withdrawn

Full Details

Situation
The property is found within a prominent central position in Camborne located in mid-west Cornwall. The town, along with Pool and Redruth, forms one of the county’s largest populated areas and has good transport links with easy access onto the A30 trunk road which is the principal arterial route through Cornwall, and a mainline railway station with regular services to London Paddington. Commercial Street is within the central retailing location and a number of national occupiers are found a short distance away including a mix of independent retailers.

The Property
24 Commercial Street comprises a mid-terraced ground floor retail shop occupied and fitted out as a barber shop, benefitting from a fully glazed shop front and glazed entrance door leading into the very well presented shop. A kitchen and WC provides staff facilities together with a rear pedestrian access to the shop. Note: Upper floors have been sold off.

Details
Accommodation: Total area 986 sq ft (total area taken from Valuation Office website, all measurements are to be verified/checked).

VAT The property is not elected for VAT. We recommend that prospective tenants/purchasers establish the VAT implications before entering into any agreement.

EPC: D rating – 0220-6923-0353-8400-7090.

Business Rate: Rateable Value £9,600 (2017 list). Qualifying occupiers will be eligible for 100% Small Business Rate Relief. For further information regarding rates payable and Small Business Rate Relief, contact Cornwall Council on 0300 1234171.

Term: 15 years from 14 March 2019.

Rent £7,200 per annum.

1954 Landlord and Tenant Act: No rights to renew lease – contracted out of the LTA 1954 security of tenure provisions.
Break Clause: On 6th anniversary of the lease, i.e., 14/03/2025 with at least 6 months’ notice.

Repair: Internal repairing and contribution towards buildings insurance.

Tenure: The premises are being offered on a leasehold basis with a new 999-year lease.

Ground Rent: £100.

Utilities: Tenant to pay for utilities and a share of insurance (to be confirmed).

Legal Costs: Each party to bear the cost of their own legal costs for the transaction.

Wayleaves, Easements & Rights of Way: The sale will be subject to and with the benefit of all existing wayleaves, easements and rights of way as may exist.

Particulars & Plan: Whilst every care is taken in the preparation of these particulars, their accuracy is not guaranteed and they do not constitute any part of an offer or contract. Any intending purchaser/s must satisfy themselves by inspection or otherwise as to the correctness of these particulars.

Viewings & Directions
Viewings: Strictly by appointment with the sole selling agents Lodge & Thomas.
Directions: what3words///toolkit.neater.flamenco Google Plus Code 6M7X+CPG Camborne

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