Sold STC

Freehold dual aspect town and riverside development opportunity (approximately 2,495 sq.ft GIA)

Description

The property consists of a dated commercial unit of cladded steel frame and masonry party walls with an asbestos cement sheet roof covering. The unit has had various uses in recent years (currently a “pop up” art gallery to the front and workshop/storage to the rear) but the
existing lawful use is as a retail/commercial unit which sells lead materials for buildings and other purposes. The unit has a number of internal compartments separated by partition walls and a temporary mezzanine structure.

Accommodation

The unit is of an irregularly shaped rectangle. Masonry party walls separate the unit from adjoining owners. There are numerous rooms throughout and a temporary mezzanine structure (supported by scaffold) to the rear of the unit (see the Planning and Building Regulations note on the next page).

Legal Costs

Each party in any transaction is to pay their own legal expenses.

Price

Offers in the region of £299,000 for the freehold sale of the property. Subject to planning offers will be considered for a mixed use development proposal.

Terms

The property will be offered with vacant possession as seen (with internal partitions and uncontrolled temporary structures). Clearance of the unit prior to completion of any transaction is negotiable.

Business Rates

The current rateable value (RV) and rates payable are £7,300 (£3,504 payable) for the Just Lead workshop and premises (Commissioners Quay) and £9,700 (£5,282.18 payable) for The Café and premises (Eddystone Road). The RV is as stated on the Valuation Office Agency (VOA) website service (effective dates 1st April 2017). Information concerning how rates are calculated are available on the Cornwall Council website. Note Cornwall Council are charging business rates for the mezzanine and outdoor display/seating area to the front of the unit.

VAT

The property is not know to be elected for VAT but prospective buyers should make enquiries to their accountant or financial adviser.

Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.

Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire BSc(Hons) MRICS on: 01208 812 812

For full details please download the PDF Brochure, which also contains some useful links.