Description
Approximately 1.88 acre (site and buildings) running parallel to Pennnygillam Way with numerous connected warehouses, a 2 storey office block and a cabin set within. The remainder of the site is currently vacant. Plots 1 and 4 at either end of the site are sold subject to contract. There will be new entrances installed at each end of the site to replace those that will be lost in the sales of Plot 1 and 4 (plans available upon request). The site has significant development/refurbishment potential and could be suitable for various uses (subject to planning).
Accommodation
Accommodation (PLOTS 2 & 3)
Plot 1 is the most prominent part of the site and is predominantly of hardstanding with boundary fences and a large site entrance. A dividing fence will be required to separate Plot 1 from Plot 2 as well as blocking up of the roller doors to the building in Plot 2. Water and electricity supplies are required to this plot together with foul drainage. The Seller is seeking quotations from utilities companies for services up to the plot boundary from Pennygillam Way.
Plot 2 is in a prominent part of the site and is predominantly of hardstanding with boundary fences and a large recessed entrance. Divisions will be required to separate Plots 2 and 3 if they are sold separately. There are separate water, electricity and foul services to the Cabin Building which can serve Plot 2 if separated from Plot 3. Plot 2 could potentially be combined with part of Plot 3 if more warehouse space is required. The office block to the front could potentially be sold separately together with the parking area accessed by Entrance 3. A new set of gates are proposed next to the existing “Entrance 1”.
Plot 3 consists mainly of buildings, although there is a vehicle entrance from Pennygillam Way to a large parking area to the front. Access to the buildings is from pedestrian access points so some remodelling might be required if intending to access the warehousing for large goods storage. There are separate water, electricity and foul drainage services to the building which serve this plot. The office block to the front could potentially be sold separately together with the parking area accessed by Entrance 3 if additional warehouse space is required with an acquisition of Plot 2. A new set of gates are proposed next to the existing “Entrance 4”.
Plot 4 includes warehouses with good height for mezzanines or vertical storage. There is significant yard space around the front and side of the buildings. A dividing fence will be required to separate Plots 4 and 3 to the front. Water and electricity supplies are required to this plot together with foul drainage. The Seller is seeking quotations from utilities companies for services up to the plot boundary from Pennygillam Way.
Legal Costs
Each party will be responsible for their own legal costs.
Price
Plot 1 – Sold subject to contract
Plot 2 – £950,000
Plot 3 – £625,000
Plot 4 – Sold subject to contract
The plots are shown indicatively and might need to be configured differently depending upon specific buyer requirements, site constraints and any building work required. The cost to separate plots can form part of negotiations. The Seller can demolish the buildings and provide a clear site subject to negotiation and agreement.
Business Rates
The current rateable values (RV) are as follows: Martins Cash & Carry is £90,500. Portacabin Stores (adj Martins Cash & Carry) is £6,500. The RV’s are as stated on the Valuation Office Agency (VOA) website service (effective dates 1st April 2023). Information concerning how rates are calculated are available on the Cornwall Council website.
VAT
The property is not understood to be elected for VAT.
Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.
Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire on:
01208 812 812
For full details please download the PDF Brochure, which also contains some useful links.