Home > Auctions > 14 & 15 July 2026 14 July 2026 - 9:00am > Lot 161

14 & 15 July 2026: Tuesday 14 July 2026 - 9:00am
Return to catalogue   Previous lot Next lot 
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold Prior

Sold Prior

Sold

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan

Property details

Contact an agent

    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Floor Plan -

    Download

    Key features

    • To be Offered on Tuesday 14 July
    • High Yielding Mixed-Use Investment
    • Retail Unit and 3-Bed Maisonette
    • Retail Unit Let For a Term Until February 2029
    • Residential Unit Let on a Periodic Tenancy
    • Benefits from a Substantial Rear Yard with Development Potential Subject to the Requisite Consents
    • Well-Located in Redruth Town Centre
    • Located on a Pedestrianised High Footfall Street
    • 2,614 sq ft (242.8 sqm)
    • The Property is Not Elected for VAT
    • Investment Let at £24,000 p.a. (15.00% GIY on Guide Price)

    Description

    A mixed-use freehold property situated in Redruth, Cornwall. The ground floor is currently let and operating as a greengrocers, deli and butchery, producing a rental income of £12,000 per annum.

    Arranged over the first and second floors is a well-presented, self-contained maisonette comprising an open-plan kitchen/dining/living area, three bedrooms, a bathroom and a separate shower room. The maisonette is let on a periodic tenancy for £12,000 per annum.

    To the rear of the property is a car park with potential for further development, subject to the necessary planning permissions and consents.

    Additional information

    Tenure

    Freehold

    Accommodation

    Total - 2,614 sq ft (242.8 sqm)

    Tenancy

    The retail unit is let to The Grow Box CIC (https://www.thegrowbox.co.uk/about-us/) who have been inoccupation since 2021. The passing rent is £12,000 per annum for a term until February 2029. The lease is subject to a tenant's break option in February 2027.


    The maisonette is let on a periodic tenancy producing £12,000 per annum.


    Please see Legal Pack for more information.

    Rent

    £24,000 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    Please refer to the legal pack. Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees


    NOTICE – RENTERS' RIGHTS ACT 2025. Please take note if you wish to bid on a property with a tenancy. This Act is in force from 1 May 2026.From that date, all assured tenancies in the private rented sector will become rolling (“periodic”) tenancies and the current system of fixed term assured shorthold tenancies will no longer apply. Tenancies signed on or after 1 May 2026 will be subject to the new rules. If you are purchasing a property currently let on an assured shorthold tenancy, the tenancy may no longer operate as described in the tenancy schedule or legal pack if completion falls on or after 1 May 2026. Other changes under the Act also apply. This notice is for your information only and you should take legal advice before bidding and review Government Guidance available at: www.gov.uk/government/publications/guide-to-the-renters-rights-act

      • View Virtual Tour

        Play

      Contact

        Arrange a viewing

        Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

        Please select a time from the options below

        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

        Savills is a trading name of Savills plc. Savills is committed to ensuring that your privacy is protected. This privacy policy explains how we use the information we collect about you, how you can instruct us if you prefer to limit the use of that information and procedures that we have in place to safeguard your privacy

        Floor Plan -

        Download

        Local information

        The property is located on Fore Street. Redruth's premier retail and leisure destination.

        Transport

        The property is located less than 200m from Redruth Train Station.

        Legal documents

        Login to view legal documents

        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

        Buying a property Common auction conditions Auction notices

        Addendums