Development Property for Sale

• TOWN CENTRE LOCATION
• PLANNING CONSENT FOR 9 UNITS
• WITH THE BENEFIT OF INVESTMENT INCOME
• CLOSE TO TRAIN STATION
• PARKING TO THE REAR
• UP GRADED AND IMPROVED BUILDING
• HISTORIC TOWN BUILDING
• CLOSE TO LOCAL AMENITIES
• EXCELLENT FUTURE LETTING POTENTIAL

A SUBSTANTIAL TOWN CENTER FREEHOLD PLANNING TO CONVERT INTO 9 UNITS (PA20/06665) JOINT VENTURES MAY BE CONSIDERED WITH THE BENEFIT OF A GROUND FLOOR INVESTMENT INCOME AND PARKING TO THE REAR CONSIDERATION COULD BE GIVEN TO A LEASE SUBJECT TO NEGOTIATION

The Premises

The property is situated just off the main town centre a few yards from the Church and is approximately 10 minutes walk from the bus and railway station. The A30 trunk road providing quick access out of the County is approximately 8 miles to the North whilst the airport at Newquay is approximately 15 miles. St Austell offers an extensive range of shopping, educational and recreational facilities whilst Truro with its comprehensive range of services and facilities is approximately 14 miles to the West.

Directions:

The premises are located on the junction of Market Street and Trevarthian Road just opposite the Holy Trinity Church.

Accommodation:

This substantial town centre Freehold is arranged over four floors:

Lower Ground Floor

c £1822 sq' - Let to Millerson Estate Agents @ £11,518.13 PA

Proposed Accommodation

Ground Floor

One bedroom apartment of 595 sq'
Two bedroom apartment of 861 sq'
One bedroom apartment of 517 sq'

First floor

One bedroom apartment of 764 sq'
Two bedroom apartment of 818 sq'
One bedroom apartment of 614 sq'

Second Floor

One bedroom apartment of 764 sq'
Two bedroom apartment of 958 sq'

Second/Third floor

Two bedroom apartment of 936 sq'

Agents Note

There is limited parking to the rear of the property.

Legal Costs:

Each party to pay their own costs incurred in the transaction.

VAT

Interested parties are encouraged to make enquiries as to the relevance of VAT in this transaction.

Planning

Planning has been obtained for conversion into 9 flats whilst retaining the lower ground floor investment of Millerson.

The Vendor submitted details to discharge conditions 3 and 4 in relation to Decision notice PA20/06665 dated 28.10.20
at Tregonissey House Market Street St Austell Cornwall PL25 4BB

Received from Planning Authority....
"I refer to the details submitted in respect of the above.
I confirm that the details submitted are acceptable and that you have satisfied the following condition(s):
Condition Number 3 Discharged on 5 August 2024
Condition 4 does not require discharge from the Local Planning Authority it is a compliance condition.
This does not relieve you of your obligation to comply with the Building Regulations or with any condition(s) on the original planning permission.
Yours sincerely
Paul Banks
Principal Development Officer
Development Management Service"

Investment

The property is sold with the benefit of the Millerson Lease with a current rent of £11,518.13 pa

LEASE

The whole of the premises would be considered for a lease subject top terms and negiotiation

JOIN VENTURE

The Vendors would be open to discussions around a Joint Venture Development

EPC RATINGS - D98/D88/D87