A rare opportunity! Coming to the market for the first time in 25 years Trecarrell is a large detached property situated on the outskirts of Redruth town centre.
The property has substantial accommodation predominantly arranged over two floors which has been adapted to suit the individual requirements of each tenant. Offering a mixture of open-plan office space with workshop and associated staff amenities on the one hand, with the more traditional cellular offices, meeting rooms, stores and staff amenities on the other, the property has abundant areas of hardstanding which offers ample off-road parking facilities for tenants.
With a strong history of full occupation with few void periods, the asset is considered suitable for continued use as a high value letting investment. Alternatively, individuals may wish to consider future residential redevelopment of the site, taking into account the construction projects in the near vicinity. Any works in this regard would be subject to all the necessary consents being obtainable.
Local Planning Authority
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Site Measurements
The site extends to approximately 0.32 hectares (0.78 acres).
Tenancies
Part Ground Floor
Holding over under the terms of a one-year commercial lease, from 1st September 2016, at a current rental of £13,000 per annum. The tenant is the Royal Cornwall Hospitals NHS Trust.
Part Ground Floor
Subject to a five-year (less one day) commercial lease from 24th June 2018, following the renewal of an earlier lease, at a current rental of £13,000 per annum. The tenant is the childrens charity Penhaligons Friends.
Part Ground Floor and Part First Floor
Subject to a five-year (less one day) commercial lease from 24th June 2018, following the renewal of an earlier lease, at a current rental of £8,000 per annum. The tenant is the Chartered Quantity Surveyors firm of Wm.G.Weller & Son Ltd.
Part Ground Floor and Part First Floor
Holding over under the terms of a one-year commercial lease from 24th March 2014, following the renewal of an earlier lease, at a current rental of £32,500 per annum. The tenant is the Royal Cornwall Hospitals NHS Trust.
Single Storey Storage Unit
Subject to a five-year (less one day) commercial lease from 9th November 2017 at a current rental of £7,000 per annum. The tenant is Thurstan Hoskin Solicitors.
Auctioneers Note
A copy of the Mining Search will be available to download as part of the legal documentation.
