Redruth - Cornwall

An opportunity to acquire a freehold detached mixed commercial/residential property requiring improvement internally and externally with an enclosed parcel of land adjoining, conveniently situated for a wide range of local amenities along with major transport links within Redruth's town.

The property is arranged over five floors, comprising two commercial ground floor units and a maisonette, with the remaining maisonette being sold on a long lease (please see Auctioneer's Note). The adjoining land is of generous size with a history of lapsed planning and therefore offers great potential for a variety of future development schemes, subject to all necessary consents being available.

Two independently accessed ground floor commercial units.

Let under the terms of an Assured Periodic Tenancy at a current rent of £9,300 per annum.

At the time of publication the Auctioneers have been unable to internally inspect the whole of property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

There is an option to purchase the remaining maisonette for the sum of £40,000. We understand this property is held on a long lease for a term of 125-years from 1998. Further information will be included within the legal documentation, available to download from the Clive Emson website.

Planning Permission, which has now lapsed, was originally granted on 26th May 2015, under ref: PA15/00904 by Cornwall Council for redevelopment of redundant site to create 14 residential flats and associated works, including roof linked replacement beer store to adjacent Redruth Albany RFC club house and erection of courtyard/boundary walls to front and rear of development.