The Property is situated at the eastern end of Boscawen Street, in a prominent trading position benefitting from strong year round footfall, just off Pydar Street / King Street.
The building comprises a period, three storey, mid-terrace, High Street retail premises. The ground and first floor provide predominantly open retail accommodation, with staff ancillary accommodation on the second floor.
Location
The Property is situated at the eastern end of Boscawen Street, in a prominent trading position benefitting from strong year round footfall, just off Pydar Street / King Street. Truro is the retail and administrative centre for the county of Cornwall. It has a wide catchment area and benefits from even greater pedestrian flow during the summer tourist season. Nearby occupiers on Boscawen Street include; Santander, Sea Salt, Phase Eight, The Entertainer, Café Nero, Ernst Jones, Santander and HSBC
Accommodation
Ground Floor 2,326sq ft ( 216.1 sq m )
GF ITZA 1,382 sq ft (128.4 sq m )
First Floor 2,104 sq ft (195.5 sq m )
econd Floor 301sq ft ( 28 sq m)
TOTAL 4,732 sq ft (439.6sq m )
Terms
Services We are understand that all main services are either connected to or in the immediate vicinity of the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the location, state and condition of such items
Planning We are verbally advised the accommodation has planning consent for retail use within Class E of the Town & Country Planning (Use Classes) Order, as amended 2020, but any occupier should make their own enquiries to the Planning Department of Truro City Council. Tel: 01872 274766 or Planning - Truro City Council Business Rates Rateable Value: £99,000 Current UBR multiplier: £0.512 Interested parties should make their own enquiries of Truro City Council to ascertain the exact rates payable, as this differs to the Rateable Value and a change in occupation may trigger an adjustment of the ratings assessment.. www.voa.gov.uk.
Energy Performance Certificate The EPC Rating is B47 and the full certificate can be provided on request. Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020 Planning | Rates | EPC | Terms
Lease/Tenure/Terms The property is available to purchase on a freehold basis or let on a on a new full repairing lease with terms to be negotiated. Rent The property is offered to let for £55,000 per annum (plus VAT). Purchase Price The property is for sale at an asking price of £550,000 (plus VAT).
Legal Costs Each party is to be responsible for their own legal costs. References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement. Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion. Proof of funds may be requested from prospective purchasers.
Under the Finance Acts 1989 and 1997, VAT will be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.