Lot 35 Freehold Commercial Investment In Town CentreAuction Date:
12th June 2024
20 Meneage Street, Helston, Cornwall, TR13 8AB
Currently let at £21,000 per annum
An attractive double-fronted commercial property trading as WHSmith, being located in the popular Cornish town of Helston and situated in the main thoroughfare with nearby retailers including Costa, Boots and Superdrug making this a great addition to a rental portfolio.
The property is arranged over two floors with a large retail area, ample storage, ancillary accommodation along with attached outbuildings to the rear that could offer future development potential subject to all the necessary consents being obtainable.
Local Planning
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Ground Floor
Large retail area with storage room.
First Floor
Office, two store rooms and staff cloakrooms.
Outside
To the rear is an array of outbuildings with steps up to an enclosed courtyard garden with access leading to the car park at the rear.
Tenancy
Let on a fully repairing and insuring lease from 9th February 2016 with an end date of 5th October 2027 at a current rental of £21,000 per annum.
Auctioneer's Note
For information relating to the commercial element's rateable value and other available data, please go to www.gov.uk/find-business-rates and enter the postcode for the property into the appropriate search field.
Auctioneer's Note 2
At the time of publication the Auctioneers have been unable to internally inspect all of the property. These details have been provided to us and interested applicants should rely on their own investigations to verify the information provided.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
