Commercial Development

Tower House, Fore Street, Redruth, TR15 2BP

  • Redruth
  • £200,000
  • 7,140 Sq Ft

Property Features

  • MIXED DEVELOPMENT OPPORTUNITY
  • PRIME LOCATION
  • WOULD SUIT OWNER OCCUPIER
  • PROMINENT ROAD FRONTAGE
  • ENERGY PERFORMANCE RATING (E)

Property Summary

A substantial character building occupying a prominent corner location in arguably the most visible position in Redruth on the corner of Fore Street and Falmouth Road. The property is not Listed (but does lie within a conservation area) and is arranged over 3-floors with a GIA of over 7,000sqft.

Full Details

Premises
The premises is arranged over 3-storeys with 3 retail units on the ground floor and 2 storeys of 'space' above. Unit 1 is currently let with no formal contract in place at a rent of £6,000pa, Units 2 & 3 are currently vacant and have an estimated rental value of £6,000pa and £12,000pa respectively. The upper floors have independant access from the rear and are suitable for residential conversion (under permitted development rights).
The upper floors, have a gross internal area of 4,444sqft so after allowing 5% for access, this potentially allows for 6 700sqft, 2-bedroom apartments.

Accomodation
Net Internal Area:
Ground Floor
Unit 1 - 30.1sqm (324sqft)
Unit 2 - 60.4sqm (650sqft)
Unit 3 - 138.7sqm (1,493sqft)
Sub-Total - 229.2sqm (2,467sqft)
Gross Internal Area:
Ground Floor - 251sqm (2,696sqft)
First Floor - 251sqm (2,696sqft)
Second Floor - 162.4sqm (1,748sqft)
Total - 663sqm (7,140sqft)

More Information

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  • Call 01872 277314