A substantial freehold commercial building occupying a prominent position within Victoria Square, in the heart of Truro city centre.
The property provides extensive accommodation arranged over multiple levels and was formerly occupied in part by Co-op/Somerfield and Argos and is well placed for city centre amenities, public transport links and nearby car parking.
Truro is Cornwalls administrative and commercial centre and the countys only city. Victoria Square is situated close to the citys principal retail and commercial core, with nearby occupiers including national retailers, cafs, restaurants and professional services.
Accommodation The property provides substantial commercial accommodation arranged over multiple levels, including the former Co-op/Somerfield and Argos areas, together with further ancillary accommodation.
Tenancies Part of the building is let to a dance studio with the lease expiring November 2030 at a current rental of 15,000 per annum and there is a barber's let at a current rental of 6,000 per annum, also expiring November 2030, and with a break in 2028. It is considered the vacant ground floor level has an estimated rental value of 50,000 per annum. Further lease information and details will be available within the legal documentation which can be downloaded from the Clive Emson website.
EPC Ratings C (71). Total Floor Area 1,739 sq.m. B (49). Total Floor Area 76 sq.m. E (122). Total Floor Area 338 sq.m.
Freehold with Part Vacant Possession
Commercial EPC: B
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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