• EXCITING INVESTMENT/RETAIL/RESIDENTIAL/HOSPITALITY OPPORTUNITY STP
• OVER 7500 SQFT OVER THREE FLOORS
• TWO PARKING SPACES
• AVAILABLE WITH VACANT POSSESSION
• VERY HIGH CEILINGS
A stunning and imposing substantial freehold store and premises in central Truro, and suitable for may uses subject to planning, such as restaurant, large retail, and or partial residential conversion; offering over 2,500 sq ft of space on each of three floors.
This striking and imposing building is situated in the heart of Truro City Centre, amongst a complete mix of commercial activity including bars, restaurants, retail, offices and public houses. The property immediately abuts the popular Pannier Market and Tinners Court, whilst national retailers M&S / Primark / Debenhams are positioned just a few yards away on Lemon Quay and equidistant on Boscawen Street are Lakeland, Poundland and Samuels together with the multi-million pound refurbishment of the Hall for Cornwall, which is ongoing.
This three-storey building is one of the largest in Truro, and is positioned directly abutting Princes Street, between two of the finest buildings in Truro; Princes House and Mansion House. All three are Listed. It was completed in "The Dutch Style" in 1891 by renowned Cornish architect Silvanus Travail, originally for an agricultural and grain merchant. The current family owners established the Wear House in 1986.
The building is rectangular, currently providing high ceilinged retail accommodation throughout the ground and first floors and incorporating a centrally situated staircase. Independent access is available to the first and second floor from the rear of the property which would enable residential use to be hugely extended. The second floor currently provides storage and a flat let at £10,200 per annum.
A carriageway runs to the right-hand side of the ground floor providing access and a couple of car parking spaces.
Offers for the freehold are sought at £795,000 OR: Leasehold. Available under the terms of a new lease, terms and conditions for which are open to negotiation, of all or part of the property. Expressions of interest are invited. Rent £55,000 per annum with an option on the flat, on Full Repairing and Insuring terms. Our clients will consider other configurations and proposals.
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