Grade II Trespass Retail Investment with Tenant For Sale in Truro, Potential for Residential Conversion
Truro, Cornwall
- Status
FOR SALE
- Date Submitted:
10/04/24
- Advert ID
609586
- Reference
CD-90633 / Rightbiz
- Call Agent:
- Freehold: £350,000
- Asking Price: £350,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Trespass Retail Investment, Truro For Sale in Truro
The property is Grade II listed and arranged over three floors comprising large ground and first floor retail space with ancillary storage on the third floor. Separate access to the upper floors which would assist conversion of the upper parts to residential, subject to planning. The property is currently let to Trespass Europe Ltd on a 5 year lease commencing 3rd September 2018, at £40,000 per annum, paid quarterly. The tenant is currently holding over pending an outstanding rent review, to be conducted by the new owner. We understand the tenant wishes to remain, subject to signing a new lease on favourable terms.• Our Reference: CD-90633
• To be sold by public auction 2/5/24
• On the instructions of the liquidators
• City centre commercial investment
• 4,057 sq ft, source EPC
• currently let at £40,000 per annum.
• Development potential to upper floors STP
• FH Price: £350,000 Guide Price
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Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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