Withdrawn

GUIDE PRICE £250,000+

5 Church Street

St. Austell, Cornwall, PL25 4AT

Lot 30

Commercial Property - Commercial Property
A substantial town centre building (5,123 sq ft, source EPC) comprising a ground / lower ground floor employment agency with 14 offices, 3 communal rooms, 2 kitchens and wc's across the first, second and third floors. Part let producing £34,738. Potential for conversion of upper parts. Freehold.

Description/Location

Ideally situated in the centre of St Austell directly opposite Holy Trinity Church with rear access via South Street. The ground and part of the lower ground floors are let for 7 years from 23/07/2021 at £13,000 pa, 9 of the upper floor offices are let producing a combined £21,738. 2 offices are vacant. At full occupancy the rental income will be circa £37,438. There is good potential to utilise the unused lower ground floor space and convert the upper floors into apartments, subject to planning. The ground floor tenants, Seetec Group, operate from 148 offices in the UK and Ireland and employee over 2,000 staff. The reported 2021 turnover was £129,445,000 with an EBITDA of £3,400,000.

VAT IS APPLICABLE TO THIS LOT

Tenure

Freehold
Energy Rating: E

Local Authority

Cornwall Council 0300 1234 100

Viewing

Please contact Charles Darrow on 01637 822822.

Accommodation

Lower ground floor: Large basement Ground floor: Office space First floor: 5 offices, kitchen, w.c. Second floor: 6 offices, kitchen, 2 x w.c.'s Third floor: 3 offices, kitchen, w.c.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.