Britton Property.
Investment For Sale
37-39 Fore Street & 47-49 Aylmer Square, St Austell, Cornwall PL25 5PY
Substantial Retail Parade in attractive Cornwall town
Let to Argos, Specsavers and H Samuel
Total Rent: £81,952pa
Price: O/O £595,000
Viewing strictly by appointment with BRITTON PROPERTY
Andrew Britton
T. 07990 505 421
E. andrew@brittonproperty.co.uk
St Austell is an attractive tourist and retailing destination, 13 miles north-east of Truro and the world famous Eden Project located only 3 miles to the north-east of the town centre. The property is prominently situated on the south side of Fore Street in the heart of the town centre and benefits from a frontage onto Aylmer Square.
Nearby occupiers include Sports Direct, GAME, Iceland, Poundland, Vodafone, EE and The White River Place Shopping Centre.
The property comprises a substantial town centre retail parade with significant frontages onto Fore Street and Aylmer Square. Occupiers include H Samuel, Specsavers and Argos together with Boots and WHSmith which have been sold off on long leases.
47/49 Aylmer Square extends to 838.2 sqm (9.022 sqft) over ground floor and is held on a full repairing and insuring head lease to Argos Limited expiring 7th August 2028 at a passing rent of £49,000pa.
37 Fore Street is formed over ground 110.37 sqm (1,188 sqft), basement 20.25 sqm (218 sqft) and first floor 31.31 sqm (337 sqft) and is held on a full repairing and insuring head lease expiring 10th April 2028 to Signet Trading Ltd t/a H. Samuel at a passing rent of £14.100pa. The tenant has a break option on 11th April 2026.
39 Fore Street is formed over ground 115.20 sqm (1,240 sqft), lower ground 12.17 sqm (131 sqft) and first floor 32.24 sqm (347 sqft) and is held on a full repairing and insuring head lease expiring 28th September 2026 to Specsavers Optical Superstores Ltd at a passing rent of £18,850pa.
1 Aylmer Square, occupied by WH Smith, is held on a 99 year ground lease expiring 28th September 2079 at a passing rent of £1 pa.
29 & 31 Fore Street, occupied by Boots, is held on a 999 year ground lease from 10th November 2011 at a passing rent of £1 pa.
O/O £595,000
Our client has opted to waive exemption for VAT. The transaction will be treated as a TOGC.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Britton Property is a niche, independent retail and leisure consultancy, providing professional and bespoke advice to clients.