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Property
Property description & features
- 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
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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Property reference 32700727. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stags - Truro.
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Broadband availability and predicted speed: obtained from Ofcom on April 15, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 15, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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