LOT 26 - Redruth

Piran House, Nettles Hill, Redruth, Cornwall, TR15 1SL

Freehold Modern Office Investment

Sold After

Key Features
  • Let on two leases to the Secretary of State for Housing Communities and Local Government
  • Leases expire 2031 (1) and 2026 (2)
  • Comprising some 2,477.3 sq m (26,773 sq ft) (4)
  • Approximate site area 0.51 hectates ( 1.26 acres)
  • Future redevelopment potential
  • VAT is applicable
  • Six Week Completion Available

Total Current Rent Reserved
£206,300 p.a. (1)
Tenure

Freehold


A Major Property Company
Location
  • Redruth is a Cornish market town located approximately 9 miles west of Truro and 17 miles north-east of Penzance
  • The town is immediately adjacent to the A30, the principal route from West Cornwall to Plymouth, Exeter and the M5 Motorway
  • Redruth Railway Station provides direct access to London Paddington, Bristol Temple Mead and Exeter St.Davids amongst other destinations
  • Newquay Airport is some 25 miles to the north east
  • The property is situated within the town centre just north of Fore Street, the principal retail thoroughfare of the town
  • In addition the property is close to residential areas
Additional Information
  • The property is arranged on ground and two upper floors and benefits from raised floors, suspended ceilings, recessed lighting ,two 8 passenger lifts, gas fired central heating, and male female and disabled wc's on each floor
  • The car park provides some 95 car spaces
  • Pedestrian access to the property is via Chapel Street with vehicular access from Nettles Hill.
  • (The property has not been inspected by Allsop and the above information has been taken from Agents details)
  • We are advised by the seller that the Department for Work and Pensions have been in occupation of the ground and part of the property since at least 2001
  • The tenant recently took a new lease on the remainder of property and we are advised by the seller the tenant intend to fit it out to their requirements prior to taking occupation.
Planning
The property may lend itself to a variety of alternative uses and redevelopment, subject to the existing leases and to obtaining all the necessary consents. All enquiries should be made with the local authority:
Contact Number: 0300 123 4100
Email: egdcustomerrelations@cornwall.gov.uk
Website: planning.cornwall.gov.uk
Buyers Premium
  • The successful buyer will be required to pay the Auctioneers an additional buyers fee of £416.66 plus VAT upon exchange of sale memoranda in additional to the standard buyers fee of £833.33 plus VAT. Therefore the total buyers fee payable inclusive of VAT will be £1,500.
VAT

VAT is applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
My NoteslockPrivate
Add Note

Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made). Guide Prices 1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price. 2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure. 3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction. 4. All guide prices are quoted "subject to contract". 5. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 6. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction. Reserve Prices 7. The reserve price is the minimum price at which the Lot can be sold. 8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction. Buyers' fees, Seller's fees and additional charges 9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,250 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £250 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 12. Please note that Lots may be sold or withdrawn at any time prior to auction. 13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 14. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 15. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.