Lot 35 - Freehold Commercial Investment In Town Centre
20 Meneage Street, Cornwall, TR13 8AB
Guide Price: *
£170,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£196,000Bid history
31 bidsDThis is an automatic bid as the bidder has set a maximum bid for this lot
11/06/2024 16:27:53 - £196,000
S
11/06/2024 16:27:53 - £195,000
DThis is an automatic bid as the bidder has set a maximum bid for this lot
11/06/2024 16:27:36 - £194,000
See all 31 bids ▾
Currently let at £21,000 per annum
An attractive double-fronted commercial property trading as WHSmith, being located in the popular Cornish town of Helston and situated in the main thoroughfare with nearby retailers including Costa, Boots and Superdrug making this a great addition to a rental portfolio.
The property is arranged over two floors with a large retail area, ample storage, ancillary accommodation along with attached outbuildings to the rear that could offer future development potential subject to all the necessary consents being obtainable.
Local Planning
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Ground Floor
Large retail area with storage room.
First Floor
Office, two store rooms and staff cloakrooms.
Outside
To the rear is an array of outbuildings with steps up to an enclosed courtyard garden with access leading to the car park at the rear.
Tenancy
Let on a fully repairing and insuring lease from 9th February 2016 with an end date of 5th October 2027 at a current rental of £21,000 per annum.
Auctioneer's Note
For information relating to the commercial element's rateable value and other available data, please go to www.gov.uk/find-business-rates and enter the postcode for the property into the appropriate search field.
Auctioneer's Note 2
At the time of publication the Auctioneers have been unable to internally inspect all of the property. These details have been provided to us and interested applicants should rely on their own investigations to verify the information provided.
Joint Auctioneer
Miller Commercial, Mansion House, Princes Street, TRURO, Cornwall, TR1 2RF, 01872 247034
Summary
- Lot number
- 35
- Auction end
- 11th Jun at 16:32
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 35
- Auction end
- 11th Jun at 16:32
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Devon, Cornwall, Somerset, Bristol & Bath
01392 366555
West Country House, 5 Kew Court, Pynes Hill, Exeter, Devon, EX2 5AZ
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
