Investment For Sale. The Cornwall Centre, Alma Place, Market Way, Redruth, TR15 2AT. strattoncrebercommercial.co.uk

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1 Investment For Sale The Cornwall Centre, Alma Place, Redruth, TR15 2AT 270,000 Freehold 12 lock up shop units and 1 cafe in an attractive arcade Viewing by prior appointment with Tim Smart (01872) timsmart@scctruro.co.uk Producing an income of 21,360 including VAT per annum in 2015 with potential for increase (ERV 41,250) On pedestrian thoroughfare to principal shopping street Library and first floor residential units - subject to 99 year leases strattoncrebercommercial.co.uk

2 Location Redruth offers a wide range of facilities and amenities including banks, shops, schools, leisure and entertainment centres and good public transport links. The town has a main line rail connection to London Paddington and is also situated close to the A30 dual carriageway allowing easy access around the county. The major towns of Camborne, Penzance, Falmouth and Truro are all within commuting distance. In recent years, the town has experienced renewed levels of investment facilitated by the Camborne, Pool and Redruth Regeneration Company allowing the restoration of important buildings and commercial growth. Description The 12 lock-up shops units and café are situated in the centre of Redruth on a pedestrian thoroughfare from the Redruth Market Car Park to the principal shopping area of Fore Street. Market Way is at the lower level of the Cornwall Centre which includes the Cornish History and Visitors Centre which can be accessed directly from Market Way in addition to its main entrance in Alma Place. There is also a library on the ground floor and residential element on the first and second floors. Both units are let on 99 year leases. The site is in the location of the original market dating back to the 1890s and offers 24 hour CCTV surveillance, cleaning and maintenance, security gates, public conveniences and a pedestrianized covered environment. Each unit is finished with painted brickwork walls, power floated concrete floors and painted timber shopfronts. Mains water, drainage and electricity are connected and there are communal washing-up facilities. Accommodation Market Way Floor Description Sq M Sq Ft Ground Unit Unit Unit Unit Kitchen/Service Area Unit Unit Unit Unit Unit Unit Unit Unit Centre Managers Office Refuse Area Market Area Market Way Mall Public Toilets Plant Room Switch Room Service Passage Café Area Total Truro Office Highgrove House, Truro Business Park, Threemilestone, Truro, TR4 9NH Tel: Fax: Stratton Creber Commercial for themselves and for the Vendors or Lessors of the property whose Agents they are, give notice that: i. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract; ii. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to each of them; iii. No person in the employment of Stratton Creber Commercial has any authority to make or give any representation of warranty in relation to this property.

3 Accommodation The Cornwall Centre Floor Description Sq M Sq Ft First Market Way Lobby & Lift Alma Place Level (ex building) Refuse Area Boiler/Plant Room Alma Place (new building) Fire Escape Passage Total Accommodation Devon & Cornwall Housing Association Floor Description Sq M Sq Ft First Alma Place Lobby First Floor Flat Office Interview Room Training Room Training Room Staff WC Laundry Refuse Area Second Second Floor Flat Second Floor Flat Total Tenure Freehold Planning Interested parties are advised to make their own enquiries to West 1, Planning and Regeneration, Cornwall Council, St Clare, Penzance TR18 3QW, Tel: , planning.west1@cornwall.gov.uk Energy Performance Certificate (EPC) Services Units The Cornwall Centre EPC Rating G 164 Library B 50 C 54 Redruth Foyer We understand that mains electricity, water and drainage are connected to the Property. However we have not tested these connections and advise that all interested parties make their own enquiries of the necessary statutory authority. Legal Costs Each party to bear their own legal costs incurred in the transaction. However if the purchaser aborts the transaction for any reason then they will be responsible for the landlord s legal costs. VAT Under the Finances Acts 1989 and 1997, VAT may be levied on the Sale price. We recommend that the prospective purchasers established the VAT implications before entering into any agreement. Total Gross Internal Floor Area Truro Office Highgrove House, Truro Business Park, Threemilestone, Truro, TR4 9NH Tel: Fax: Stratton Creber Commercial for themselves and for the Vendors or Lessors of the property whose Agents they are, give notice that: iii. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract; iv. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to each of them; iii. No person in the employment of Stratton Creber Commercial has any authority to make or give any representation of warranty in relation to this property.

4 Licences Unit Tenant Business/Use Approx Area Sq M (Sq Ft) C1 Julianne Juliannes Hair sq m Unit 1 Trenbah & Nail Studio ( sq ft) (Hairdressing & C2 Unit 2 Liam Canavan Nail Bar) Market Way Mobiles (mobile phone repairs & associated items) sq m ( sq ft) Unit 3 Vacant Vacant sq m ( sq ft) Unit 4 Lyn Cornell (wool and sq m associated ( sq ft) products) Unit 5 & 6 Vacant Vacant sq m ( sq ft) Unit 7 Vacant Vacant sq m ( sq ft) Unit 8 Liberty Pooch sq m Antrobus Perfection ( sq ft) C7 John Snook Design sq m Unit 9 Cocksedge & Technology ( sq ft) & 10 Unit 11 & 12 C8 Unit 13 Vacant Vacant sq m ( sq ft) Dennis & Val Rohrer Market Way Café (Café) sq m ( sq ft) Commencement Date dated Expiry Rateable Annual ERV Date Value ,450 2,160 3, ,800 2,640 2,800 na na 2,700 Vacant 2, ,750 2,640 2,750 Vacant Vacant 5,900 Vacant 5,900 Vacant Vacant 2,800 Vacant 2, ,900 2,640 2, ,900 4,080 5,900 Vacant Vacant 4,850 Vacant 4, ,200 7,200 7,200 TOTAL 40,250 21,360 41,250 Leases Unit Tenant Commencement Date First & Second Floor Ground Floor Devon & Cornwall Housing Association Limited The Cornwall County Council Break Term Current Review Pattern Comments None 99 years Peppercorn None Peppercorn None 99 years Peppercorn None Peppercorn

5 Title Plan For Identification Purposes Only

6 For Identification Purposes Only Aerial View Market Area Accommodation on First & Second Floors Library