Retail premises for sale in Fore Street, Trewoon, St. Austell PL25
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Property description
Key Points
Description
The property comprises 2 self-contained retail units fronting Fore St, occupied by H Samuel and Specsavers, with Argos occupying the ground floor of the property, sitting under wh Smith and Boots, facing Aylmer Square. The Argos benefits from rear servicing from Trinity Street. The Boots/wh Smith are sold off on a long-leasehold basis, at a peppercorn.
Location
St Austell is a principal town in mid Cornwall, situated some 15 miles north east of Truro, 20 miles east of Newquay and 38 miles west of Plymouth. The town benefits from direct access to the A390, the principal arterial route from Truro to Liskeard, and the A391 leading to the A30 Bodmin bypass. St Austell Railway Station provides access to Birmingham, Manchester, York, Edinburgh and Glasgow, as well as direct services to Bristol, London and Exeter.
The local population of 34,700 and shopping catchment of 416,000 persons is boosted by an estimated 2.2m tourists that visit the area yearly. With an estimated retail floor space of 370,000 sq ft. Prime retailing in St Austell is focused on Fore St and Aylmer Square.
Terms
We are instructed to seek offers of £777,000 (Subject to Contract and exclusive of VAT) representing a net initial yield of 10% and £61 per sq ft, assuming standard purchasers’ costs.
Availability_Text
The accommodation comprises the following areas:
Tenancy
Multi-let to three tenants: Argos Ltd, Signet Trading Ltd and Specsavers Optical Superstores Ltd with a WAULT of 4 years to expiry and 3 years, 8 months to earliest break options. Argos have recently removed their break option, illustrating their commitment to the area. The total current passing rent is £81,952 per annum.
Tenure
Freehold.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Hartnell Taylor Cook LLP, BS6 on +44 117 444 9907 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hartnell Taylor Cook LLP, and do not constitute property particulars. Please contact Hartnell Taylor Cook LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.