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No longer on the market

This property is no longer on the market

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Property

Premium display
Study
Property
1 bed
721
EPC rating: E
Added > 14 days

Features and description

  • Freehold Mixed Use Investment
  • Full Let & Generating 7.1% Yield
  • Further Development Potential
  • First Floor Residential One Bedroom Flat
  • Ground Floor Commercial Retail/Office Unit
  • Central Truro Location
  • Residential Unit EPC Rating - E
  • Commercial Unit EPC - C
Commercial Unit - The ground floor office features a window fronting onto Frances Street and includes a spacious retail/office area. Towards the rear, there is a meeting room partitioned with glass. Behind the office, a door leads to male and female cloakrooms/W.C's, as well as a storage space and a kitchen/staff break area. The rear courtyard connects to a single-storey building, equipped with a W.C, shower room, and additional storage space.

Residential Unit - Accessed via Frances Street, this one-bedroom flat welcomes you through its front door into a hallway with stairs leading to the first floor. On this level, an open-plan lounge, kitchen, and diner with laminate flooring and has two windows overlooking Frances Street, allowing natural light to fill the space.

Situation - Truro, boasting a population of approximately 20,000, serves as the unofficial capital city and primary hub for retail, leisure, business, and administration in Cornwall. This property, conveniently situated on Frances Street, is an integral part of the city's specialist retail quarter. Surrounding retailers include well-known names such as JoJo Maman Bebe, Trevails, Rohan, Saltrock, as well as popular establishments like White Stuff, Starbucks, and Burger King.

Strategically placed, the property has proximity to key attractions such as the Royal Cornwall Museum and the park and ride bus stop. Moreover, it is merely a 7-minute walk from Truro train station, providing convenient access to mainline connections to Penzance, Exeter, Paddington, and the branch line to Falmouth

Description - Commercial Unit - The ground floor office features a window fronting onto Frances Street and includes a spacious retail/office area. Towards the rear, there is a meeting room partitioned with glass. Behind the office, a door leads to male and female cloakrooms/W.C's, as well as a storage space and a kitchen/staff break area. The rear courtyard connects to a single-storey building, equipped with a W.C, shower room, and additional storage space.

Residential Unit - Accessed via Frances Street, this one-bedroom flat welcomes you through its front door into a hallway with stairs leading to the first floor. On this level, an open-plan lounge, kitchen, and diner with laminate flooring and has two windows overlooking Frances Street, allowing natural light to fill the space.

The kitchen is well-equipped with an integrated electric hob and oven, along with plumbing for a washing machine and space for an upright fridge/freezer. The master bedroom, has laminate flooring and has a rear aspect window. The bathroom is complete with a bath, with mixer tap shower, matching white hand basin and WC.

Ascending to the upper floor, you'll find an additional room, perfect for a home office or guest bedroom. This room is brightened by a Velux roof window and is equipped with a wall-mounted electric heater.

Outside - No parking is included however a parking permit can be applied for from the local authority. The rear of the property has a concrete courtyard that, potentially, could be further developed subject to obtaining necessary planning permissions.

Viewings - Strictly by prior appointment with Stags Truro office on[use Contact Agent Button]

Services - The whole building is connected to mains water and drainage. Heating fuel is electric.

Directions - From the Stags office walk south-west on Lemon St towards Charles Street for 30 ft. Turn right onto Charles Street for 151 ft then right again onto Lemon Mews Road for 0.1 miles, Turn right onto Victoria Square for 52 ft, Turn left onto River Street for 0.1 miles, Continue onto Frances Street and the destination will be on the left.

Epc & Council Tax - Commercial Unit - EPC Band C
The Current Rateable Value is £7,700
For Further Information on Business Rates for this unit, follow this link to the Gov Website -

Property information from this agent

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About this agent

Stags - Truro
Stags - Truro
61 Lemon Street Truro TR1 2PE
01872 395946
Full profileProperty listings
Stags Truro office is situated in Lemon Street, a wide attractive Georgian street, which is widely regarded as the best street in the city. The office was opened in 1999 and has a flourishing estate agents team and an established letting agents team. The Professional Services department can also be found here, giving expert advice on all planning, estate management and rural business issues, as well as carrying out professional valuations for probate, matrimonial disputes and inheritance tax to name but a few. There are plenty of attractions in Truro, including the indoor Pannier Market, which is open all year round, the Hall for Cornwall (a performing arts venue), The Royal Cornwall Museum, and the Winter Festival, with its hugely popular paper lantern parade. Truro and the surrounding area is a wonderful part of the world and boasts renowned surfing beaches, coastal walks and excellent sailing waters. Within easy reach of the city are historic fishing villages including Fowey, Mevagissey, St Mawes, Mousehole, St Ives and Padstow.
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