A substantial town centre building (5,123 sq ft, source EPC) comprising a ground / lower ground floor employment agency with 14 offices, 3 communal rooms, 2 kitchens and wc's across the first, second and third floors. Part let producing £34,738. Potential for conversion of upper parts. Freehold.

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Description/Location

Ideally situated in the centre of St Austell directly opposite Holy Trinity Church with rear access via South Street. The ground and part of the lower ground floors are let for 7 years from 23/07/2021 at £13,000 pa, 9 of the upper floor offices are let producing a combined £21,738. 2 offices are vacant. At full occupancy the rental income will be circa £37,438. There is good potential to utilise the unused lower ground floor space and convert the upper floors into apartments, subject to planning. The ground floor tenants, Seetec Group, operate from 148 offices in the UK and Ireland and employee over 2,000 staff. The reported 2021 turnover was £129,445,000 with an EBITDA of £3,400,000.

VAT IS APPLICABLE TO THIS LOT

Tenure

Freehold
Energy Rating: E

Local Authority

Cornwall Council 0300 1234 100

Viewing

Please contact Charles Darrow on 01637 822822.

Accommodation

Lower ground floor: Large basement Ground floor: Office space First floor: 5 offices, kitchen, w.c. Second floor: 6 offices, kitchen, 2 x w.c.'s Third floor: 3 offices, kitchen, w.c.

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