Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a prime high yielding mixed-use investment let to Card Factory and occupying a high footfall street in Truro.
Arranged across ground, and three upper floors, the accommodation includes retail/sales area to the ground floor, ancillary space to the first floor with 2 x two bedroom flats to the second and third floors.
The property is let in its entirety to Sportswift Limited (t/a Card Factory) on a five year lease expiring 16/10/2028 and paying £50,000 per annum.
The tenant is a long-standing occupier, having been in occupation for over 15 years, and the current lease is a renewal of a previous lease.
We understand the flats to the upper parts are not used by the tenant, therefore the property may have asset management potential via regaining vacant possession of these flats.
The property occupies a prime, high footfall, pitch in the centre of Truro; the administrative capital of Cornwall and a popular tourist destination.
Tenure
Freehold
Accommodation
Ground Floor - 1,942 sq ft (180.4 sq m)
First Floor - 1,587 sq ft (147.4 sq m)
Second Floor - 656 sq ft (60.98 sq m)
Total - 4,185 sq ft (388.78 sq m)
Please note the floor areas are taken from the VOA website and are not to be relied upon.
Tenancy
The property is let in its entirety to Sportswift Limited (t/a Card Factory) on a five year lease expiring 16/10/2028 and paying £50,000 per annum.
Sportswift Limited (t/a Card Factory)
Sportswift is the principal trading entity for Card Factory, one of the UKs largest and most well known suppliers of gifts and cards, occupying over 1,000 stores nationwide.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).