A well positioned restaurant premises occupying a visible trading location on River Street in the heart of Truro city centre. The property provides attractive ground and first floor accommodation arranged to offer a welcoming customer dining area together with ancillary kitchen, preparation and storage facilities. Benefiting from an established restaurant fit-out, the premises offer an appealing opportunity for continued hospitality use, with strong footfall generated by the surrounding mix of retail, leisure and commercial occupiers.
Location
The property is situated in the City of Truro, which is located centrally within the County of Cornwall. Truro is accessed from the main A30 arterial trunk route via the A390 at Chiverton and the A39 at Carland Cross. The A30 links with the M5 at Exeter. Truro is located on the main Great Western railway line, which has daily services to London Paddington.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.
1,125 sq ft / 104.5 sq m
Rent / Price
The property is available freehold with a guide in excess of £150,000. The owner may consider letting the premises, subject to suitable business plan and references. Guide rent £14,000 per annum with minimum 5 year term, 3 month rent as deposit, £5,000 premium to include kitchen equipment (not tested).
Business Rates
From the Valuation Office Agency website we understand that the current Rateable Value is £10,500, which may qualify for 100% relief subject to the owner/tenant circumstances.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
C(54)
Legal Fees
Each party to be responsible for their own legal fees in the event of a sale. Tenant to pay their own and the landlord fees in the event of a letting.
VAT
All figures quoted are exclusive of VAT if applicable.
