Latest News

25 Jan 2012

Mousehole Development Site - Auction

Existing office / development opportunity on the approach to Mousehole.

A rare opportunity to acquire a detached office premises of timber construction located on the approach to Mousehole in a good trading position for a variety of business. Potential, subject to planning permission, for various other uses including residential dwelling. The premises is situated in a prominent location in a sough after village location and has parking, an outside garden area and storage area.

For Sale by Auction on 23 February 2012 at St Mellion International Resort, St Mellion, Saltash, Cornwall, PL12 6SD at 11am – Lot No 185. Guide Price £90,000 - £105,000.

For further details please contact Tim Smart at our Truro office on 01872 561121, Mobile:  07778 577487, Email: timsmart@scctruro.co.uk

24 Jan 2012

Commercial Development Opportunity

Potentially Cornwall’s first and last service area. 

Land At Tregadillett Road, Kennard’s House, Launceston.  PL15 8QE – Site area 6.5 acres (2.63 hectares) 

Available freehold/leasehold as a whole or in parts. 

Strategic road site A30 at junction with A395 with Outline planning consent for Trunk Road Service Area.Includes Petrol Filling Station with ancillary retail, Hotel, Restaurant / Takeaway separate Retail, parking for cars, HGVs and coaches.  Major road infrastructure installed to edge of site. 

The site immediately adjoins the northern roundabout of the Kennard’s House interchange between the A30 and A395 some 4 miles west of Launceston on the A30.  This is a free-flowing junction at a strategic location where these two A roads meet, with the A30 being the prime road artery into Cornwall from Devon and the national motorway network at Exeter.  The A395 branches off to the north-west and serves North Cornwall by linking into the A39 close to Camelford.  The A39 serves North Cornwall from Indian Queens in the south-west to Bude in the north-east, including the well known holiday resorts of Rock and Padstow.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

05 Jan 2012

Falmouth - retail unit to let - £17,750 pa

Prime retail unit in Falmouth to let - £17,750 pa opposite Superdrug and next door to Ladbrokes. Close to the Prince of Wales Pier. 

Falmouth is one of the largest towns in Cornwall situated in the southern coast of the county approximately 12 miles (19 km) south of Truro and 10 miles (16 km) south east of Redruth. The town benefits from good communications being served by the A39 which in turn provides access to the A30; the primary arterial road linking Cornwall and the M5 motorway.   

ACCOMMODATION (all areas and dimensions are approximate and are measured on a net internal basis unless otherwise stated)

Ground floor sales area 826 SQFT (76.73 SQM)

Ground floor store 78 SQFT (7.24 SQM)

Ground floor ITZA ignoring store 499 units

First floor storage (ignoring the reduced height 1.5m level) 267 SQFT (24.8 SQM)  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

16 Dec 2011

Onwards and Upwards

I am sat here with almost a week to go before Christmas hits us for another year. Looking back on 2011 it has certainly been another challenge with the usual highs and lows that are expected working as a property agent.

12 Dec 2011

2 x A1 retail units with storage are available to let in Truro.

A1 Retail showroom: 199 sq.m (2,142 sq.ft) - £25,000 pa

A1 Retail unit: 100.7 sq.m (1,084 sq.ft) - £13,000 pa

Garage unit: 49.4 sq.m (533 sq.ft)

Possible 4 parking spaces 

Truro is established as the main administrative and retail centre for the county of Cornwall. The premises are located within the City centre on Kenwyn Street.  

The units are at present retail showrooms with store / workshop to the rear and WC / kitchenette facilities with forecourt parking for four vehicles and garages. 

The A1 retail units are available to let on a full repairing and insuring lease and offers are invited in the region of £25,000 per annum and £13,000 per annum respectively.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

02 Dec 2011

What Price Plymouth Waterfront

That Plymouth has a unique stunning and historic waterfront is undeniable. The waterfront encompasses the commercial docks of Cattedown and Victoria Wharfs, the yacht marinas at Yacht Have, Queen Anne’s Battery, Sutton Harbour and Millbay, the major facilities of Devonport Dockyard, even after successive defence reviews, the powerhouse of Plymouth’s industrial economy. The waterfront is also the myriad of small businesses of Sutton Harbour, The Barbican, The Hoe, West Hoe and Stonehouse which represent the individual investment and livelihoods of countless Plymouth families and small companies, professional practices and hospitality businesses. 

Plymouth’s waterfront and The Hoe in particular came under an unexpected international spotlight in late Summer 2011 with the City Council securing the America’s Cup Series. Few could have predicted the success of this event and the impromptu partnerships formed between Plymouth City Council, Plymouth University, the Chamber of Commerce, and many local businesses. The prospect of five days of racing of high-tech catamarans in the Sound, could not have been expected to generate either much public interest, or commercial activity, judging by the lacklustre interest which much of the City and the wider region has shown in past yachting events which have been organised in the City for very many years. However, the new spectacle caught the public imagination and tens of thousands of spectators turned up both to watch the live racing, but also to put money in the tills of countless small businesses. Not all businesses benefited, and many of the smaller hotels and guesthouses complained that they saw little benefit from the event. There was a complaint also that the outside catering throughout the Hoe area was awarded by Plymouth City Council to a company from Cardiff, with not only no benefit to local traders, but actually taking away from the Barbican area which was bypassed by the crowds flowing between the City Centre and the Hoe. 

It is against this background that the Plymouth Waterfront Partnership (PWP), a voluntary organisation representing business, the City council, University and other local organisations, has been promoting a Business Improvement District (BID) for the entire waterfront zone intended to bring in new and match-funded investment, deal with day to day problems of presentation of the area, coordinate marketing, and generally grow all of the sectors represented by businesses within the area. 

The City has seen benefits and the effects of a BID within the City Centre for some years, and there can be little doubt that against the national economic background, businesses within the City area have seen some benefit from the coordinated effort represented by the BID. 

The Business Improvement District is a private sector led management organisation within a precisely defined geographical area where business ratepayers have identified projects and services that have a positive impact upon their trading environment. Businesses within the area vote to invest collectively in delivering these improvements which are wholly additional to those already delivered by local or statutory bodies. Businesses within the area – numbering around 580 within the waterfront area – will vote in February 2012  and if a majority – more than 50% - vote in favour, then the levy which is based upon business rateable value, paying an average annual levy of £353, giving a total budget from the businesses of around £1,000,000 per annum. 

The BID management have the opportunity of gearing up the contributions by access to government grants, but the amount is set for a 5-year period. 

The consultation and meetings have been taking place throughout 2011, with the final vote taking place in early 2012. If agreed, the BID would come into effect in April 2012, and then for a period of 5 years, but support for the BID is far from unanimous and a substantial number of the area’s businesses have expressed doubts as to the real benefits of both the cost and the organisation. Many objectors see the BID as merely a further tax, requiring them to pay twice over for services and support which they feel that the City Council should already be providing – one major Barbican business commented that the BID levy would be around £1300 each year, in addition to the £30,000 a year already paid in business rates for provision for the same services. 

The challenge is to build on the success of the America’s Cup Series, to bring extra visitors to the waterfront who will spend their pounds, dollars and Euros within the family businesses in this locality but perhaps without the cost and the structure needed to run a BID. In parallel, another organisation – Visit Plymouth – is already promoting much the same area of economic activity, and the overlap may actually become counter productive, confusing local and inward investors and visitors. 

The waterfront area is Plymouth’s primary visitor shop window and the centre for much of the leisure industry with many retail and professional practices in addition to the range of traditional waterfront businesses, and the success and future of the proposed BID may have a significant bearing on development and the fortunes of this area for many years to come.  This future , the costs and the benefits have to be clear for all to see if the City businesses are to vote their support.

01 Dec 2011

To Let - Rents From £9 per sqft for offices, £5 per sqft for storage

Modern high spec office suites and storage with air conditioning and parking spaces. Offices suites from 106 sqft (9.85 sqm) to a total of 6,545 sqft (608 sqm). Set in 2 storey building with attractive landscaping, approximately 3.5 miles west of Truro and 2 miles east of the A30. 

The subject premises are located near the settlement of Threemilestone in a central position in the County of Cornwall approximately 3.5 miles west of Truro, the County’s commercial and administrative centre, approximately 2 miles east of the A30, the County’s principal distributor road.  The property is situated in Truro Business Park providing recently built developments, and an extension to the Threemilestone Industrial Estate which offers a range of industrial and trade counter occupiers. 

DESCRIPTION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)

The premises comprise a modern 2 storey building offering well presented ground floor offices plus lower ground floor stores and external car parking.  The ground floor office comprises approximately 7 high quality spacious office rooms with air conditioning and windows to all elevations plus two wcs, reception and lobby.  The lower ground floor offers stores and offices.  Parking for 3 cars is available to the front with a road to the side leading to the rear parking giving access to the lower ground floor and further parking.  The building sits in a site extending to approximately 0.46 acres  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

25 Nov 2011

Further Management Expansion

October and November have seen further increases in the number of instructions won by the Property Management Team in Plymouth.  4 new properties have recently come on board ranging geographically from St Columb to Plymouth, and in type from small retail parades to industrial estates. These additions have brought the number of new properties being managed by the Plymouth office in this calendar year to 12. 

This possibly reflects the fact that in such difficult economic times Landlords recognise the need for pro-active management of their assets. This not only ensures the usual issues of tenant payments of rent and other financial obligations due under the lease are monitored and up to date, but also that repairs and maintenance are undertaken in a economic and timely way. Also, asset management opportunities are fully considered and implemented where beneficial. 

Reducing property costs, where practical, is not only of benefit to Landlords but if outgoings such as insurance premiums are recharged, this is of course equally beneficial to tenants.  It is critical however, in respect of insurance, to make sure that the level of cover provided is not jeopardised by simply seeking the cheapest quote. Also, not spending money now on maintenance for example, can lead to greatly increased liabilities in the long run and therefore any such decisions require serious consideration before being taken. 

Stratton Creber Commercial undertakes all these services and much more to go as far as possible to achieve the specific aims of their individual clients in respect of the assets managed. If you want to know more, please contact Ian Le Grice on 01752 670700. 

21 Nov 2011

Stop Press ..... Stadium for Cornwall

18 Nov 2011

Power to the Locals

The Localism Act received Royal Assent on the 15^th November 2011 and its provisions will be brought into effect over the next few months.  The Act introduces a number of critical changes that will have far reaching ramifications in the development and property industry.  It also impacts in the way in which Local Government can operate and it will provide a cultural shift in the way that planning decisions are made. 

A principal concern for the development industry is the emphasis on community engagement and the ability for communities to be involved in plan making and decision making, which will undoubtedly slow down the planning process and increase uncertainty from an investment perspective.  It will also give considerably increased power to those who seek to resist new development in their specific locality and developers are increasingly concerned that the Act generates immediate conflicts between the requirement for localism provisions and the growth objectives of the Government’s draft National Planning Policy Framework and at this stage, we have difficulty in understanding how such conflicts can be resolved. 

Over the coming months, the introduction of the localism provisions will become more apparent, but the real test will be whether the Government will make available sufficient resources to enable the planning system to deliver these new requirements.

If we are seeking deliverance from these recessionary times through development with the employment, wealth and confidence benefits that the industry can provide, then careful consideration to implementation will need to be given to the regulatory processes that will be imposed in the next few months. 

Further information can be obtained from Robin Falle at Stratton Creber Commercial - Tel. 01752 670700 Email robinf@sccplymouth.co.uk

10 Nov 2011

Cafe Business For Sale £190,000 Freehold

This Café restaurant business can be found on the main route to the popular Porthminster beach. The property is located in a busy, secondary trading position close to Market Place and is in an area which supports a number of A3 and A4 establishments. There are also a number of art studios and galleries nearby as well as residential properties.  It is an attractive building with an alfresco seating area.  There is an alcoholic drinks licence allowing trade into the evening until 8pm. 

The property has attractive solid stone/granite elevations at ground floor level. The upper parts have been sold off on a long leasehold interest and the premises which are to be sold are the ground and basement floors only.  The first and second floors are accessed via a separate entrance via a timber balustraded stone staircase.  The ground floor is laid out as a café/restaurant seating with a kitchen area and an alfresco seating area on the pavement outside, whilst the basement is accessed via a trap door and is used for storage purposes only. 

St Ives is one of the premier holiday destinations in Cornwall and is nationally and internationally recognised for its artistic traditions.  Establishment of the Tate Gallery has reinforced this role and encourages a large number of visitors to the area.  The town centre provides a wide range of services for the local population including shops, banks and offices and there are numerous retail and catering outlets to serve the needs of the large number of holiday-makers which visit the town.  Whilst the status of St Ives as a holiday location is such that it is capable of attracting visitors throughout the year, the harbour provides a valuable facility for local fishermen and a focal point for holiday-makers and the activity along Wharf Road and The Wharf is intense at the height of the season.  The town centre area is inclined to encompass the core of the old town and the harbour and links to the beaches at Porthmeor and Portminster. 

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

02 Nov 2011

To Let - Leasehold £75,000 pa (excluding VAT)

Modern high quality B8 showroom/warehouse unit 1,171 sq.m (12,600 sq.ft) located on the Hayle Industrial Park.  Hayle lies immediately adjacent to the West Cornwall Retail park off the Loggans roundabout on the main A30.  Hayle Industrial Park has developed as a high quality business development and is exceptionally well located to serve the West Cornwall area. The site is enclosed in a palisade fence with gated entrance with office suites, showroom and car parking.  

DESCRIPTION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)

The property comprises a modern detached showroom/warehouse building of steel framed construction with plastic coated metal cladding to the walls and roof.  Faced blockwork also forms part of the elevation on the front and side of the property.  The front elevations of the property comprise the glazed entrance to the showroom together with two loading doors and personnel access doors. 

Internally the property comprises a separate showroom area which includes an office area to the front and rear together with a wc and kitchen area.  The warehouse area has an internal access door from the showroom.  A first floor area is provided above the showroom area which is accessed via an internal staircase. 

The property comprises the following areas (Gross Internal): 

Ground Floor - Showroom/Offices 287 SQM; Warehouse 587 SQM

First Floor - Warehouse 297 SQM 

Total: 1,171 SQM (12,600 SQFT) approx  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

02 Nov 2011

To Let - Leasehold £30,000 pa (excluding VAT)

Modern, high quality, detached industrial/warehouse unit 425 sq.m (4,575 sq.ft) close to the main A30 constructed to breeam very good rating with parking and forecourt.  Forming part of a development of three units on Plots 4, 5 & 6 on the Hayle Industrial Park, Hayle. 

Hayle Industrial Park has developed to be one of the best industrial estates in Cornwall in terms of its appearance and as a location for business.  Hayle Industrial Park lies immediately adjacent to the West Cornwall Retail Centre which includes Marks & Spencer, Next and Boots and the main A30 off the Loggans roundabout.  Unit 1 lies in a prominent elevated position on the Hayle Industrial park. 

DESCRIPTION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)

Unit 1 is of portal steel framed construction under a profile metal clad roof with 10% roof lights.  The external elevation of the unit comprises horizontal profile metal cladding with a faced blockwork panel on the front elevation.  A glazed entrance area leads to the office area which includes kitchen and WC facilities including a walk-in shower and drying area.  The potential exists to provide additional office accommodation on the first floor.  The production/warehouse area is served by a single loading door and the building is approximate 6m to eaves. 

Externally, the unit is served by a shared access with its own dedicated car parking and bicycle parking and forecourt area. 

The unit has an approximate gross internal area of some 425 SQM (4,575 SQFT). 

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

31 Oct 2011

Think Before You Break

27 Oct 2011

Business for sale / retail unit to let - Offers Invited

Attractive character building in prominent position in central Falmouth.  Offers invited for the leasehold interest to include fixtures and fittings and goodwill plus stock at valuation.  2 bar areas and 5 bedroom owners’ accommodation.

Nancy’s and the Rum Bar are located in a central position in the historic town of Falmouth.  Nearby occupiers include Tesco Metro supermarket, Barclays Bank, Warrens Bakers, Santander Bank, Halifax Bank and Nationwide Building Society.  Falmouth is a popular and well known resort on the south coast of Cornwall and serves as an important social and administrative centre for this area of the County.  Falmouth is known for its port and harbour facilities and in recent years has witnessed the arrival of the National Maritime Museum, as well as the Combined University of Cornwall which has led to a large influx of students to the area.  Falmouth has excellent road and rail links with a population of around 20,000 people which is greatly increased during the seasonal months by the many visitors to the area.    

DESCRIPTION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)  

The property can be entered by one of two glazed doors, one to a hallway leading to the first floor and bar and the other leading straight into the ground floor bar from street level.  

Main floor bar area: 28 ft 1 x 25 ft 3 (8.56m x 7.71m) maximum (708 SQFT 65.75 SQM).  Mainly open plan, equipped with a variety of tables and chairs (see inventory).  

Bar: 22 ft (6.7m) bar with return and shelving above together with shelving and worktop with stainless steel sink underneath the bar.  Toilets are approached via some steps from the bar area (see inventory).  

Additional storage space.  

Steps up to beer cellar 13 ft x 12 ft 8 (3.96m x 3.90m) (166 SQFT 15.46 SQM) housing beer kegs etc and stock (see inventory).  

First floor  

Landing  

Ladies & gents toilets  

Store cupboard  

Rum bar 30 ft 9 x 24 ft (9.38m x 7.31m) (739 SQFT 68.67 SQM) with two bay windows to front, bar area.  

Second floor  

Flat: with hallway and radiator comprising:  

Lounge: with bay window and one radiator.  

Kitchen: with floor and wall cupboards, work top surface, one radiator, stainless steel sink unit, florescent strip light, part tiled walls.  

Double bedroom 1: one radiator, window, power points, cupboard with gas central heating boiler.  

Bathroom/wc: wash basin, bath with shower, one radiator, cupboard.  

Double bedroom 2: bay window, one radiator, power points.  

Double bedroom 3/store room: window  

Third floor  

Double bedroom: window  

Double bedroom: window  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

26 Oct 2011

To Let - Rent £5,600 pa - Industrial Unit: 83.75 SQM (901 SQFT)

Situated on popular industrial estate on the outskirts of St Austell.  Other occupiers nearby are Tesco, City Electrical Factors, Cornwall Glass & Glazing. 

St Austell is one of Cornwall’s major towns situated just inland from the south coast on the A390 which is one of the County’s major roads.  The subject premises are located to the east of the town on the Holmbush Trading Estate which is occupied both by national companies and small and medium size enterprises. 

DESCRIPTION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)

Factory Floor Space:  83.74 SQM  901.47 SQFT, up and over door:  width 9 ft 10 (2.77m) height 12 ft 1 (3.68m).   

There is an air venting system, roof lights, wc with wash basin, store (incorporated in overall SQFT/SQM) 19 SQFT (1.76 SQM)   

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

25 Oct 2011

For Sale - Offers Invited Over £275,000 - Imposing 3 storey corner georgian property

Imposing 3 storey corner georgian property with 1,763 SQFT (163.78 SQM) of accommodation over the lower ground, ground, first and second floor levels. Possible leaseback available.  

The premises are situated in the Cathedral City of Truro, the principal centre for Cornwall.  The property is close to many accountants, banks, surveyors, estate agents and some restaurants.  The property is extremely well located being in the central part of Lemon Street, a short walk from the City centre including Lemon Quay where there are major retailers including Marks and Spencer, Debenhams and HMV.  Lemon Street itself is the location of a mix of different occupiers including good quality restaurants, galleries, offices and Truro’s only cinema, The Plaza. The premises has accesses at rear and front of property on to Lemon Street and Fairmantle Street therefore allowing convenient split of accommodation. 

DESCRIPTION (all areas and dimensions are approximate and are measured in accordance with the RICS code of measuring practice on a gross internal basis unless otherwise stated) 

Granite steps up to entrance door. 

Ground Floor:  

Showroom: 253.44 SQFT (23.54 SQM) 2 bay windows could be used as display windows. Power points.

Office 1:      151.25 SQFT (14.05 SQM) interconnecting door to showroom, concealed spotlights. 

Sub Total: 404.69 SQFT  

First Floor: 

Office 2:    195 SQFT (18.11 SQM) Bay window to front, electric heater.

Office 3:    228.48 SQFT (21.22 SQM) Power points, electric radiator, 2 windows.

Office 4:    123.54 SQFT (11.47 SQM) concealed lighting, power points.

Kitchenette: Sink unit with cupboards, door to:

Toilet: Low level wc, wash basin, window. 

Sub Total: 547.02 SQFT  

Second Floor: 

Attic/Store: 403.20 SQFT (37.45 SQM) limited head room. 

Basement: Accessed via ground floor hallway.   

Office 6:   139.20 SQFT (12.93 SQM)

Office 5:   238.65 SQFT (22.17 SQM) Lighting, front door to outside.

Store:       30.24 SQFT (2.80 SQM)

Toilet: low level wc, door to outside. 

Sub Total: 408.09 SQFT  

Total: 1,763 SQFT (163.78 SQM) 

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

24 Oct 2011

Modern offices/show room over ground and first floors with 7 parking spaces

Situated in Truro Technology Park is a development situated off Heron Way which forms part of the Newham area of Truro and long established business location on the edge of the City.  The Cathedral City of Truro is the principal administrative centre for Cornwall with many national and independent retailers represented in the City centre and environs. 

GROUND FLOOR  - SHOW ROOM/STORE 78.70 SQM (847.41) SQFT

GROUND FLOOR – OFFICE 4.9 SQM (52.74 SQFT)

GROUND FLOOR – STORE 2.3 SQM (24.75 SQFT)

FIRST FLOOR – OFFICE 28.10 SQM (302 SQFT)

FIRST FLOOR – SHOW ROOM 79.10 SQM (851.45 SQFT)

TOTAL AREA – 193.10 SQM (2,078.57 SQFT)

LADIES AND GENTS TOILETS TO THE REAR

Fire escape, suspended ceiling.

External elevations are brick and metal sheet profile.  The premises were built circa 2006.

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

11 Oct 2011

Surgery Rents Holding up in a Difficult Market

Stratton Creber Commercial’s continued involvement with the medical sector has highlighted that this market continues to experience rental growth, in contrast to the general economic consensus.  

Acting on behalf of Doctors Practices throughout the South West, increases in rent reimbursements paid to Doctors by the Primary Care Trusts continue to be agreed following negotiations between us and the Valuation Office. 

Whilst increases are not as high as they were two or three years ago, Stratton Creber Commercial have nonetheless agreed increases in excess of 20% per annum in some recent cases. 

It is therefore important for Practices to be aware that there could be scope for an increase in their rent reimbursement, despite the impact of the economic downturn, and ensure they obtain professional advice in this respect. 

Whilst the majority of Surgery premises are owned by the practicing Doctors, there are a number of surgeries privately owned and let to medical practices.  

The continued growth in rents is therefore good news for any private investor in this sector of the market, and with more investments coming to the market by way of sale and lease-back transactions there are potential opportunities for investors seeking potential for rental growth from their portfolio’s, or diversifying the range of property under their ownership.  

If your surgery is or has recently been subject to a Current Market (Notional) Rent review, or you wish to seek advice as to whether you are receiving the correct level of income from your property, please contact Chris Reed at our Plymouth Office.

01752 670700

chrisr@sccplymouth.co.uk

05 Oct 2011

Freehold Industrial/Warehouse Premises Still in Demand

2011 has seen ongoing activity in Plymouth’s industrial sector and one clearly noticeable trend has been the demand for freehold premises, particularly from owner occupier businesses. 

Probably the most significant news this year is the completion of the 100,000sf Sisna Park Estate at Estover by Unit Build and Bonhay & Eagle Properties Ltd. This year has seen the completion and sale of 9 units comprising 7 x 2,000 sq ft two-storey B1 units, an 8,000 sq ft unit to Oakmount Control Systems and a 13,000 sq ft unit to MSub. The majority of the units sold have been individually fitted out by Unit Build to meet the purchasers’ specific requirements. Sisna Park has continued to thrive through the challenging market conditions over the past 4 years and is a clear reflection of the ongoing demand for a well located quality product. 

Elsewhere in the City, other sales include the former West Country TV building at Westernwood Way, Langage to SWP Hydraulics Ltd, the building extending to approximately 17,600 sq ft on a 2.45 acre site. The former Davies Pneumatics premises at Huxley Close, Plympton extending to approximately 19,250 sq ft was sold at the beginning of the year to St Luke’s Hospice. The former Underhill engineering works in Valley Road, extending to 12,600 sq ft was sold to the neighbouring owner. Units B and C, Estover Close extending to 3,400 sq ft were sold earlier in the year to Cuda Drinks Ltd. Phase 2 of Plympton Park, Newnham Industrial Estate, Plympton currently has three sales under contract for new 2,400 sq ft footplate B1 units and only have 2 remaining units. 

There is still unsatisfied demand from a number of companies for a wide range of unit sizes and it is becoming clearly apparent that there is a shortage of freehold industrial premises available on the market, in particular for new units over 5,000 sq ft. There are some requirements requiring secure yard space.

The purchasers have been a variety of businesses, principally where the proprietors wish to invest in the long term for a range of building sizes. Despite some comments to the contrary, the banks are supporting successful businesses and commercial finance is available for these acquisitions. 

Keith Beaumont at Stratton Creber Commercial states, “The number of transactions this year shows ongoing demand for freehold properties, and despite the current economic climate there is still unsatisfied demand. I would foresee that capital values will now be maintained at their current level for the foreseeable future and it is a good time to buy to achieve future long term capital growth. We are actively seeking more instructions for freehold units to meet this demand” 

For further information contact Keith Beaumont at Stratton Creber Commercial - Tel. 01752 670700 / Fax. 01752 221655. www.strattoncrebercommercial.co.uk 

keithb@sccplymouth.co.uk

28 Sep 2011

Double fronted retail unit with first floor store available

Prominent double fronted retail unit with first floor store situated in a terrace of shops, at the southern end of the tree-lined Alexandra Road and close to the promenade.  The premises is available to let at £8,500 pa or to purchase the freehold at £90,000. 

Penzance is the principle town on the south coast of West Cornwall, convenient access off the main A30 trunk road providing predominantly dual carriageway access to the remainder of the county of Cornwall and the M5 at Exeter.  Penzance has the benefit of a railway station on the mainline to London Paddington, Newquay Airport provides connections to various European destinations including London, Gatwick/Stansted, approximately 35 miles distant. 

This popular market town has a busy harbour with a ferry terminal and heliport providing communications with the beautiful Isles of Scilly. 

Nearby is the Beachfield  Hotel, The Cornish Pirates Rugby Club, The Alexandra Inn, an amusement arcade and various fish and chip shops and coffee shops. 

DESCRIPTION (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)

The property comprises a double fronted shop with a first floor store, the shop has a central entrance, but could be relatively easy reconfigured to provide two individual units.  The ground floor sales enjoys excellent frontage onto the tree-lined Alexandra Road and the promenade attracts many visitors all the year round.   

The first floor provides storage which is situated above a neighbouring shop. 

ACCOMMODATION 

Ground Floor Sales Area                   624.31 SQFT (57.99 SQM)   

This area could be split into a left side unit of 269.10 SQFT (25 SQM) and a right hand side unit 355.21 SQFT (33 SQM). 

There are two display windows of 13 ft 7 (4.14m) and 8 ft 9 (2.68m) 

Shop Frontage                                    30 ft 2 (9.17m) with suspended ceiling and lighting 

To the rear of the shop is a kitchenette with power points, stainless steel sink unit and a ladies and gents toilet.    

First Floor                                           287.40 SQFT (26.7 SQM)  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

28 Sep 2011

Strong Market for Summer Valuations

Summer 2011 has proved to be a particularly busy time for Stratton Creber Commercial’s Valuation Department, with all of the major banks providing instructions, despite a limited amount of new business / lending.  Loan security valuations have been provided for a variety of purposes, including re-gearing / re-structuring of existing mortgages / portfolios, as well as some new business in both the vacant possession and investment markets, plus a small amount of development reports which are beginning to emerge.  The banks appear to remain hungry for new business, albeit subject to very strict lending criteria, and there is also a small appetite for development funding in certain circumstances, both in the residential and commercial sectors.  Speculative residential development continues to remain unpopular with funders.   

The market for student investment property remains active, particularly with an increase of student numbers during the 2011 / 12 academic years as a result of funding changes, and there are very few other investment opportunities which generate the same level of return, despite the more active management required for this type of income.  Bank funding for such investments remains good and there are a number of speculative student investment conversion opportunities which have been sold and funded recently. 

Stratton Creber Commercial’s specialism within the medical sector has also provided a good proportion of valuation instructions, particularly with the potential Government changes to NHS funding, fund holding for doctors’ surgeries and various Government cut backs, which have resulted in many senior GPs taking early retirement prior to these changes being implemented.  Development with the medical sector remains active, although a recent withdrawal of Primary Care Trust funding for both new build projects and extensions has halted many schemes prior to commencement.  Notional rents for doctors’ surgeries continue to increase, albeit at a slower rate, and a number of doctors’ surgeries are beginning to come to the market through 20 year sale and leaseback transactions, achieving yields of between 6% and 8% depending on the size of the practice, quality of the accommodation, whether there is a pharmacy investment included, and terms of the lease to the occupying doctor’s practice.  The Government’s plans for changes in cut backs to the way doctors’ surgeries are funded may impact on this market, although the future of medical services provided by the doctors’ surgeries remains relatively secure.

Please contact Robin Wells at our Plymouth office to discus your valuation requirements and provide a competitive fee quote.

20 Sep 2011

Retail Unit / Restaurant Available to let in Penzance

Retail unit / restaurant opposite the Regent Hotel and the Bakehouse Lane retail and restaurant complex and close to the town centre in popular street is available to rent in Chapel Street Penzance at a rent of £24,000 PA The retail unit / restaurant comprises of 

• Sales / restaurant area 834 SQFT (77.47 SQM)
• Kitchen area 638.56 SQFT (59.32 SQM)

Penzance is the principal town of the south coast of West Cornwall with convenient access off the main A30 trunk road providing predominantly dual carriageway access to the remainder of the county of Cornwall and the M5 at Exeter.  

Penzance has the benefit of a railway station on the main line to London Paddington. Newquay Airport provides connections to various European destinations including London Gatwick / Stansted, approximately 35 miles distance.  

This popular market town has a busy harbour with a ferry terminal and heliport providing communications with the beautiful Isles of Scilly.  

This imposing period premises is situated just of the fringe of the central business centre in the oldest street in Penzance which has not been altered substantially since mid-19th century. This is a fascinating area to explore with many specialist shops and a wide choice of cosmopolitan restaurants, coffee shops and traditional public houses including the world famous Admiral Benbow.  

Buildings of interest nearby include the Egyptian House an outstanding and exotic building of national importance in history of the 19th century Egyptian revival architecture.  Nearby is the Union Hotel, once the most important hotels in the town housing a theatre and assembly room, where it is believed that the news of the Battle of Trafalgar was announced.  

The property is a substantial imposing period building constructed over two floors. We are offering only the ground floor sales / restaurant area but the freehold which includes two flats (one with a garden) may be available by separate negotiation.  

The ground floor sales area enjoys excellent frontage onto Chapel Street which attracts many visitors all year round.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

14 Sep 2011

For Sale - Industrial Development Site with Planning Permission for 15 Units in St Blazey

Industrial development site with planning permission for fifteen B1 B2 B8 units including trade counter sales with ample parking is for sale at St Blazey Par for £275,000.  

Sizes Range from 1,250 SQFT (116.25 SQM) – 8,000 SQFT (743.20 SQM)

Total size of all Units 26,250 SQFT (2,438 SQM) with potential for further 4,000 SQFT (371.60 SQM)  

Total site area 1.75 Acres (0.72 hectares)

Material Start has been made therefore it has extant planning  

The development land is situated in Par behind the CO Op store just off Middleway. The town of St Blazey has grown due to its close proximity to Par Docks and its links with the china clay industry. The economy of Cornwall is greatly influenced by the marine, fishing, farming and mining industries.  

The population of the Cornwall is in excess of 500,000 and rises considerably during the tourist season from Easter until late autumn. The county has one of the highest levels private businesses in the UK, mainly small and medium sized companies.  

The development site, which is approached off Middleway Road which has been upgraded by the Co-operative for customer parking and heavy goods delivery. It is approximately 0.72 of a hectare (1.75 acres) and is reasonably level with no buildings.  

Planning Consent has been granted for 15 units totalling 26,250 SQFT (2,438.6 SQM) with ample parking. There is a possibility for a further unit of 4,000 SQFT (371.60 SQM) A material start has been made on site therefore rendering the planning extant. The planning granted allows B1, B2 and B8 use including ancillary trade counter sales.

The layout provides for small and middle sized industrial and warehousing units, which a number of prospective tenants’ have been interested in leasing. There is also a demand for freehold units should they come to the market. Flexibility to provide larger units may also appeal to certain occupiers.  

From discussions with the Cornwall Council Planning Authority we believe that retail use may be permissible subject to planning approval. We understand that this site would be considered by the planners to become the new town centre for Par. We ask all interested parties to make their own enquiries with Cornwall Council in this respect.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

02 Sep 2011

Plymouth Set to Lose its Airport - Does this Create New Opportunities?

As has been widely reported in the press and television, and throughout the business media, Sutton Harbour Holdings is to close the operational use of the Airport before the end of 2011. 

The history of Plymouth Airport stretches back to 1923 when the first commercial passenger flight set off from Chelston Meadow to Croydon in South London taking passengers and Royal Mail. Regular flights were established, but it was not until 1925 that the area of flat land at Roborough became established as the permanent site for the Airport. It took a further 6 years until the Airport was officially opened by the then Prince of Wales.

The Airport developed with a number of air lines, most notably Brymon and briefly British Airways, and the Airport served to link Plymouth with London Gatwick, London City and a range of other UK Cities as well as Ireland and the Channel Isles. 

The short runway and the growing constraints of residential and commercial development on the fringes of the Airport site had always been something of a problem and for this reason, the Regional Development Agency bought in the former Eaton factory including around 11 acres of land in order to protect the opportunity to extend the runway to the east, and together with Plymouth City Council, acquired land to the west for a safety zone, as well as the realigned George Junction on the A386. 

Sutton Harbour Holdings, a well known and long established Plymouth-based property and infrastructure company with diverse interests around the City, acquired a lease from Plymouth City Council of 150 years at a peppercorn rental in 2000, and subsequently entered the airline business by launching Air South West to take over the routes and landing slots previously operated by Brymon / British Airways, including the London City and Gatwick routes. 

Over the following years, the airline however was increasingly constrained by the limitations of the Airport and the inability to expand, in particular in terms of operating aircraft to a point where only the Canadian-built …… could operate commercial flights. The Airport, however, throughout has remained popular for private light and flying school, and is extensively used by the Royal Navy for helicopter flights to naval ships and other military facilities. 

With the loss of the Gatwick landing slots, following on earlier loss of the London City Airport link, passenger numbers were reduced to around 100 per day as it became clear that the viability of the Airport was in doubt. 

Under the terms of the lease from Plymouth City Council, Sutton Harbour Holdings have the ability to serve notice to take parts of the Airport out of the lease if they are considered surplus to the operation of the Airport, and in 2009 Sutton Harbour Holdings announced the sale of the freehold of land to Cavanna Homes with an initial receipt of around £3,000,000 for land which was fast tracked through the planning process under the City Council’s Market Recovery Plan. One benefit to the developer of the Market Recovery Plan, and the viability tests at that time, was that there was no requirement for a proportion of the residential development to be affordable.

Sutton Harbour Holdings announced at the times that the proceeds of the sale would be reinvested in airport infrastructure to include a new engine testing bay, fuel farm, new hangars, aprons, aircraft stand and taxiways and a relocated fire and rescue service. Sutton Harbour Holdings sold off the loss-making Air South West to Eastern Airlines from Hill in late 2010. With the loss of the Gatwick landing slot in February 2011, Eastern Airlines announced that it would no longer be flying from Plymouth Airport from the end of 2011. Hence it was that Sutton Harbour Holdings announced on 15^th June 2011 its intention to close the Airport in its entirety by the end of the year.  

Discussions have been ongoing with Plymouth City Council planners and with Plymouth Chamber of Commerce in the hope firstly of establishing a viable operational future for the Airport, but reports by Orien advisers and Buckley Hanover Consulting confirmed to the City Council that the Airport has no viable future. The transition from use as an airport into land for economic development, however, may take some years as the present Area Action Plan for Derriford, Seaton and North Plymouth identifies the Airport as a key part of the economic future, and residential allocations have been placed elsewhere. 

Therefore, the loss as it presently seems of the Airport at the present time, is likely to create few immediate opportunities until such time as the alterations to the Area Action Plan have been fully considered and the likelihood must be that the majority of this land will be allocated for employment uses in order to replace any other land which may be lost, or the plans to bolster the City’s ability to develop and to maintain  employment.

26 Aug 2011

Former Coach depot with potential for redevelopment in Bude

Stratton Creber Commercial’s Exeter office, have been instructed to sell the former Hookways Coaches Depot at Lansdown Road in Bude. 

The premises are located in the centre of Bude, a seaside town on the north Cornwall coast approximately 9 miles west of Holsworthy via the A3072 and approximately 17 miles north west of Launceston.  Lansdown Road is a mixed retail and commercial location to the north of the town close to the main golf course and forming part of the Bude town centre area.  The majority of nearby occupiers comprise local or specialist retailers including coffee shops, takeaways, hairdressers etc.   

The property occupies a corner position fronting Lansdown Road bordered to the east by a private access road to rear residential properties and to the east by the former Beech Motors property.  There is a Co-op food store directly opposite and a Kevin Cooper Motor Factors unit nearby. The premises comprise 7,088 sq ft, including a detached workshop of 6,528 sq ft which has until recently been used as a bus depot/workshop.  The building is of steel frame construction with elevations comprising a mix of rendered masonry and profile steel sheeting with a rendered parapet wall frontage.  There is an asbestos cement sheet covered sheet roof.  Vehicular access is available via a large roller shutter door entrance directly off Lansdown Road and there is a further (currently unused) entrance door at the rear of the premises accessed via a private road of Burn View. The main workshop space is open plan with a sloping solid concrete floor and includes 2 vehicle inspection pits.  It benefits from an eaves height of some 6.125m at the front (20’) decreasing to 5.25m at the rear (17’3”).  Towards the front of the unit is a two storey element with ground floor reception and offices and first floor staff room. To the rear of the workshop are two further two storey blockwork structures providing ground floor storage and first floor ancillary space. The premises occupy a total site area of in the region of 0.185 acres (0.075 hectares). 

Given the site’s location on the periphery of the retail/commercial area and adjacent to a residential area we consider that it offers potential for future residential development, subject to planning.  However, all interested parties must make their own planning enquiries of Cornwall Council on 0300 1234 151.  

The property is available freehold, with full vacant possession at an asking price of £295,000.  For further details please contact Andrew Hosking on 01392 202203 / andrew@sccexeter.co.uk

26 Aug 2011

Site at Okehampton offers potential for redevelopment

Stratton Creber Commercial’s Exeter office has been instructed to sell the former Hookways site and premises at Meeth, Nr Okehampton.  

The premises are located just off the main A386 some 8 miles north of Okehampton close to the village centre in Meeth.  The site and premises are close to Station Road forming part of the A386 which effectively links Okehampton and Hatherleigh to the south with Torrington and Bideford to the north. 

The subject premises comprise approx. 10,343 sq ft of accommodation on a site of 0.53 acres (0.215 hectares).  The site includes a large warehouse of 7,931 sq ft with ancillary accommodation together with a separate open yard/parking area situated opposite which also includes an original stone barn. The warehouse, which is bordered on both sides by residential properties, was constructed in the early 1990’s and is of steel frame construction with profile steel sheet clad elevations under a pitched roof.  The unit is accessed via 6 concertina doors and a single roller shutter door. 

Internally the premises have been utilised as a coach workshop and are split into 3 sections with a large open area for repairs including 3 interconnecting coach inspection pits, a blockwork spray unit and an MOT bay.  The unit benefits from a solid concrete floor, panelled ceiling incorporating translucent daylight panels, block walls and a heater.  Accessed directly from the warehouse is a side extension to the building which provides staff/office/stores. Situated directly opposite the warehouse across a small access road is an open concrete surfaced yard which includes the storage barn and a vehicle wash bay.  The barn structure comprises a detached building primarily of stone construction beneath a corrugated metal roof and it is considered that this offers a potential redevelopment opportunity. The premises occupy a total site area of some 0.53 acres (0.215 hectares) split into the warehouse site of some 0.23 acres (0.09 hectares) and the yard and barn area of 0.3 acres (0.12 hectares). 

Given the site’s location and surrounding development, we consider it does offer potential for future residential development, subject to planning.  Policy H29 within the adopted Local Plan specifically mentions the parameters under which residential development may be permitted within Meeth.  We recommend that all interested parties make their own enquiries of West Devon Borough Council, Planning Department on 01822 813600. The property is available freehold at an asking price of £365,000. 

For further details please contact Andrew Hosking on 01392 202203 / andrew@sccexeter.co.uk

26 Aug 2011

Warehouse available in Okehampton

Warehouse accommodation totalling some 18,769 sq ft on a large site, has become available at North Road, Okehampton through agents Stratton Creber Commercial. The site and premises are located on the Exeter Road Industrial Estate close to Okehampton town centre with good access to the A30 dual carriageway which links the town with the M5 motorway at Exeter approximately 24 miles to the east. Established occupiers on the estate include Devonshire Desserts (formerly Polestar), Howden Joinery and Rawle Gammon & Baker. 

66 North Road comprises two main linked warehouse buildings, one of which offers a high bay facility with dock levellers and covered loading bay, together with a small detached store on a largely level site which benefits from concrete and tarmacadam surfacing. 

Located on the edge of the North Road Estate, adjacent to Fahey’s Concrete Limited on one side and Relyon Beds on the other with the Devonshire Desserts factory opposite, the site also benefits from secure fencing all around and steel gates at the entrance.   The original main warehouse building comprises 8,212 sq ft with an eaves height of 3.75m (12’4”) and with a lean to area to the front comprising 1,995 sq ft. To the right hand side of this building and linked to it, is a more modern high bay warehouse comprising 7,427 sq ft of steel portal frame construction with insulated steel sheet cladding. The eaves height to this building is some 9.22m (30’3”).  Loading is via three front electrically operated roller shutter doors within a covered tailgate with dock levellers. In addition there is a steel sheet clad detached warehouse building on site.

The site and premises are available as a whole at an initial annual rental of £50,000 per annum exclusive.  Alternatively, the freehold interest is available with full vacant possession at a price of £510,000. The premises are available for immediate occupation.  For further details please contact Andrew Hosking on 01392 202203 / andrew@sccexeter.co.uk

26 Aug 2011

Site available in Taunton

A site comprising workshop, office and secure compound has become available to buy close to Taunton town centre, through Exeter agent’s Stratton Creber Commercial. 

Situated in a largely residential area close to Taunton town centre, the property known as The Yard is situated on Gyffarde Street, off Priory Avenue, which leads towards the town centre from the east.  Somerset County Cricket Ground is around 200 metres away, and the main retail area of the town centre is around 500 metres away. 

The property comprises a self-contained site, including an office building of 564 sq ft to the left-hand side of the site and a 1,457 sq ft workshop/warehouse building to the rear of the site, both accessed from a concrete-surfaced hardstanding area with palisade fence and security gates forming a secure storage compound.  The office has laminate flooring, double glazed upvc windows, suspended ceilings incorporating category-2 lighting, gas central heating and ample wall-mounted sockets. A small kitchen and WC lead off the offices. 

The workshop is accessed via a loading door and has a clear internal height of 3.25m. There is also a 448 sq ft mezzanine over part.    Being in a mainly residential area, the property is considered to have potential for redevelopment, but no plans have been prepared or application submitted in this regard. 

The property is offered by way of a sale of the freehold interest at a price of £200,000 plus VAT.  For further details please contact Jonathan Ling on 01392 202203 / jonathan@sccexeter.co.uk

25 Aug 2011

Former Hookways Coaches site available in Exeter

Stratton Creber Commercial have been instructed to sell the former Hookways Coaches site and premises, totalling approx. 8,552 sq ft on a site of 0.865 acres (0.35 hectares) on the Pinhoe Industrial Estate in Exeter. The estate is approximately 3 miles east of Exeter city centre with access to the M5 at Junction 29, approx 1 mile away via the Monkerton Link Road and there are regular bus services to and from the city centre. 

The premises, known as Unit 1, Peek House comprises a main workshop with adjoining offices together with a spray workshop and good sized adjoining open yard areas currently used for coach and car parking. The main workshop forms part of a larger building with access via 3 roller shutter door entrances from the concrete service yard beneath a large canopy.  There is a coach inspection pit and there is first floor access to the adjoining offices. The offices comprise a two storey structure providing reception and office on the ground floor together with first floor offices and staff facilities.   In addition, there is a further single and two storey office building at the rear providing training and staff facilities.   A spray workshop is located towards the south eastern corner of the site.  It includes a coach pit and has a high maximum height of some 25’9” (7.8m).  

The site is predominantly hard surfaced and it is considered that it could be split to provide main workshop with yard and offices and spray workshop with adjoining yard. There are currently various large fuel containers on site together with a vehicle wash bay and compressor unit. 

The property is available freehold with full vacant possession at an asking price of £430,000.  For further details please contact Andrew Hosking on 01392 202203 / andrew@sccexeter.co.uk

19 Aug 2011

Riverside Business Park Management

Stratton Creber Commercial (Plymouth) were appointed managing agents of Riverside Business Park in Devonport by the Landlord, Devonport CLT Ltd, in mid 2009 following a rigorous tender process.  Although acknowledged as not being the cheapest proposal, the understanding of the clients brief and an appreciation of their aims and ethos were critical in the award, as was the ability to provide the experience, staffing and quality they were seeking. The relationship has developed to the extent that what was originally a two year appointment has now been extended for a further 2 years.   

In the two years to date, additional development of the site has been undertaken with two new units of 1000 sqft having now been completed. These were designed and built, with significant input from Stratton Creber, to a very high environmental specification further underpinning the core principles of the Landlord of sustainability and the creation of additional workspace in Devonport. 

There are units currently available at the estate and any enquiries should be made to Ian Le Grice on 01752 670700. 

15 Aug 2011

W H Smith Expanding in the South West

Stratton Creber Commercial have just secured the second letting to W H Smiths in 12 months. The first was carried out in 2010 in Kingsbridge and now we have completed a further letting in Belle Vue Bude.  

The Bude premises comprised of a single storey retail unit in the centre of Bude. The premises were taken by WH Smith on a new 10 year Full repairing and insuring lease with no breaks clauses. WH Smith are presently fitting out to open later this month. Whilst on the face of things the unit was too small our proactive management and agency departments were able to combine two units together and include a rear section to create a storage space. Stratton Creber Commercial acted for long standing private clients in this transaction who have been delighted with the outcome and strength of tenant that has been secured. Tim Smart a director of Stratton Creber Commercial Truro  commented “ my clients were delighted  we have managed to secure such a good covenant in a very short period of time “ We understand WH Smith are looking for further units in Cornwall & Devon where landlords are unrepresented, please call Stratton Creber Commercial to discuss confidentially if you have a suitable property.  

08 Aug 2011

2 x A1 Retail Units with Storage Available to Let in Truro

2 x A1 retail units with storage are available to let in Truro.  

A1 Retail showroom: 199 sq.m (2,142 sq.ft) - £33,000 pa

A1 Retail unit: 100.7 sq.m (1,084 sq.ft) - £15,000 pa

Garage unit: 49.4 sq.m (533 sq.ft)

Possible 4 parking spaces 

Truro is established as the main administrative and retail centre for the county of Cornwall. The premises are located within the City centre on Kenwyn Street.  

The units are at present retail showrooms with store / workshop to the rear and WC / kitchenette facilities with forecourt parking for four vehicles and garages. 

The A1 retails units are available to let on a full repairing and insuring lease and offers are invited in the region of £33,000 per annum and £15,000 per annum respectively.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

01 Aug 2011

Three Industrial Units / Workshops Available to let near Falmouth

Three industrial units / workshops of 69.98 SQM (753 SQFT) each are available to let at £4,800 pa exclusive per unit a half a mile from Falmouth town centre.  

Falmouth is a popular market town situated on the south coast of Cornwall. Truro is some 11 miles to the north east. Tregoniggie Industrial Estate is well established with other traders on the site include Millers Garages Ltd, Chubb Fire Ltd, Cornwall County Council, Watson Marlow Pumps Ltd, WC Rowe and Royal Mail and it is located within half a mile of the town centre.   

The units are of a steel portal frame construction with plastic coated profile sheet cladding with rendered frontage. There are roller shutter doors, pedestrian access, WC and kitchenette.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

27 Jul 2011

Brand New Business Units Available Near Camborne

Four brand new business units offered individually or as a whole at Bosprowal Farm Carnhell Green near Camborne.  

Bosprowal Farm is located approximately two miles South West of Camborne along Penhale Road and midway between the villages of Barripper and Carnhell Green. The farm is approximately ten minutes from the A30 junctions at Hayle and Camborne West.

Bosprowal Farm Business Units lie at the end of a private driveway which serves Bosprowal Farm and three adjoining dwellings. The business units occupy a tranquil setting and are well suited for office, craft or business uses.  

The development comprises four individual units with a shared parking area providing two car parking spaces per unit. Each unit will have a private WC facility, plastering internal walls, power floated concrete floor, internal ceiling height of approximately 2.5m and loft hatch access to an archive storage area within the roof void. Units 1 – 3 are accessed from the front via a shared entrance door and lobby and each of these units will have a large double glazed window. Units 4 is to be accessed via a domestic style garage door from the side elevation.  

Unit 1                     33.32 SQM           (358 SQFT)

Unit 2                     27.96 SQM           (300 SQFT)

Unit 3                     29.48 SQM           (317 SQFT)

Unit 4                     32.86 SQM           (353 SQFT)           

The units are offered on new leases on internal repairing terms.

Unit 1                     £2,900 per annum

Unit 2                     £2,600 per annum

Unit 3                     Under Offer

Unit 4                     £2,150 per annum

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

27 Jul 2011

Plympton Land Sale Demonstrates Strength of Housing Building Sector

Acting on behalf of private landowners, Stratton Creber Commercial has just completed the sale of land to Barratt Homes. Barratt obtained planning permission on the 0.7 acre site in Market Road, Plympton for the demolition of old former warehouse buildings and the construction of 14 new houses next to St Mary’s Church.  

The acquisition, off a £500,000 asking price, follows hot on the heels of Barratt’s long awaited redevelopment of the former cattle market in this popular location adjoining St Mary’s public park and playing fields.  

Contractors will be moving on site this summer and Barratt Homes anticipate having the first phase ready for occupation at the beginning of 2012.  

This sale represents further signs of the slow but steady recovery in the new homes market and Robin Falle, head of Stratton Creber’s Land & Planning Department reports that the pipeline of agreed land transactions has now reached record levels as the volume house building sector makes it’s mark on the South West economy.  

 For further information contact Robin Falle at Stratton Creber Commercial - Tel. 01752 670700 / Fax. 01752 221655

26 Jul 2011

Retail Unit in the Centre of Bude Let to WH Smith

22 Belle Vue Bude 

A single storey retail unit in the centre of Bude has been let to WH Smith on a 10 year FRI lease with no breaks .  

WH Smith are presently fitting out to open in August 2011. Stratton Creber Commercial acted for long standing private clients in this transaction.

Tim Smart a director of Stratton Creber Commercial commented “my clients were delighted we have managed to secure such a good covenant in a very short period of time” 

We understand WH Smith are looking for further units in Cornwall where they are unrepresented, please call Stratton Creber Commercial on 01872 261028 / 07778577487 or email timsmart@scctruro.co.uk to discuss confidentially if you have a suitable property.

19 Jul 2011

46 Trelowarren Street Camborne

Stratton Creber Commercial have acquired for longstanding private clients the freehold of 46 Trelowarren Street Camborne and subsequently let the retail section of the former Build Centre  which included offices & stores  of approximately 7,168 ft² (666 m²) to Cornwall Air Ambulance on a FRI lease.

Tim Smart of Stratton Creber Commercial commented “his clients were very pleased to acquire the property and let it to such a good covenant simultaneously “ We wish Cornwall Air Ambulance all the best with their new retail concept and ask any property owners who wish to sell freeholds or those wishing to assign leases or let on new leases their retail units to get in touch with Tim in confidence  on 01872261028 /07778577487 or email timsmart@scctruro.co.uk to discuss other opportunities  in the retail sector

11 Jul 2011

Rare Opportunity to Rent Barbican Restaurant

Stratton Creber Commercial has been appointed as Sole Agents to dispose of the leasehold interest in the restaurant property at 54 Notte Street. A rare opportunity to lease a restaurant premises on Notte Street the primary road through the Barbican region, with a mix of retail, office and residential accommodation. The property occupies a prominent position directly opposite the Co-op supermarket and close to the bust retail pitch of Southside Street. The unit comprises of an open plan restaurant with bar currently accommodating 28 covers with a kitchen and storage to the rear. The premises are available by way of a new lease, length negotiable, drawn on equivalent full repairing and insuring terms.  The initial rent is to be at the reduced rate of £12,500 pax with no ingoing premium.

22 Jun 2011

A Unique Bar and Restaurant Opportunity in Penzance

A unique bar and restaurant opportunity with panoramic views over Penzance Harbour, St Michael’s Mount and Mounts Bay is available to rent in the Wharfside Shopping Centre Penzance for £40,000 per annum.  

The property has an extensive contemporary style bar / café 100+ covers with open kitchen / prep area and alfresco seating off the Mall and a pedestrian flow of circa 3 million per annum.  

The café / bar is located at the first and second floor level within the Wharfside shopping Centre, overlooking the inner harbour of Penzance and beyond to St Michael’s Mount and Mounts Bay.  

The Wharfside Shopping centre was formally opened in 1999 and has since gone from strength to strength. Tenants include Iceland, and directly adjacent to the café are Argos, New Look, Costa Coffee, Carphone Warehouse, Game, Warren’s Bakery etc.  

Penzance is widely known as one of the premier towns of Cornwall, located on the south coast, with a resident population of some 20,000+ which is boosted during the summer months with the visits to the area. In addition the town has good  road, rail and air links and is the social and administrative centre for Penwith. An electronic footfall counter has recently counted a pedestrian flow of circa 3 million passing through the shopping centre.

External stairway / internal escalator to main entrance with glazed double door.  

Total Area 4245 sq ft ( 394 sq m)  to include BAR AND RESTAURANT AREA –extensive modern restaurant area with wood floor, with seating for circa 100 covers, lounge all with stunning views across Penzance Harbour, and beyond to Mounts Bay, decorated with contemporary art and sail décor. Unique glass brick feature ISLAND BAR SERVERY with stainless steel counter. KITCHEN AREA extensive open plan kitchen / prep area copper top counter server area. PREP / DESSERT AREA with stainless steel worktops, sink unit.. WASH UP AREA.. RAISED STAGE AREA equipped for circa 10 covers, feature iron spiral staircase to BOX OFFICE. TOILET FACILITIES.  

Lower Ground Floor comprises STORE ROOM, BOTTLE STORE, TOILET FACILITIES, STAFF ROOM  

The property is offered on a new FRI 10 year lease with a rent of £40,000 per annum with a current service charge payable of approximately  £20,493.92 per annum.(8.85% of service charge budget)  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

20 Jun 2011

Industrial Unit Available in Redruth

This unit, with partly fenced yard, is situated just off the main estate road Cardrew Way on this popular industrial estate with the junction of A3047 only a few hundred yards away is available leasehold at £21,820 PA - exclusive. The industrial unit is 8 miles away from Truro and 0.5 miles off the Scorrier junction on the A30. Cardrew Industrial Estate is the largest industrial estate in Cornwall and major occupiers include WT Burden and PAL Europe Ltd.  

The premises comprises of a detached warehouse unit with 272 SQFT (25.29 SQM) of offices with a maximum eaves height of 0’9” (3.29m) the property is situated in a partially fenced yard of approximately  0.3 acres (0.123 hectares) incorporating approximately 10 parking spaces.  

There are two loading access points per unit providing flexibility to the occupier. Each door is 11’11” (3.62m) width and 15’11” (4.60m) high and 9’9” (3.01m) width and 9’10” (3.01m high).  

The property has been measured in accordance with RICS code of correct measuring practice and the areas below are taken on a gross internal basis.  

Workshop and Toilet        1,514 SQFT (140.70 SQM)

Offices and Toilet                 272 SQFT (25.29 SQM)

Workshop                       1,241 SQFT (115.30 SQM) 

Total                               3,027 SQFT (281.30 SQM)

SITE AREA                              0.30 acres (0.123ha)

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

08 Jun 2011

Residential Development Opportunity Available for Sale in Newlyn

A residential development opportunity is available for sale in Newlyn. The development consists of a detached house offering 5 bedrooms with panoramic views of Mounts Bay and planning permission for two additional semi-detached houses in the garden. The house and building plot are available separately, £359,950 for the house only and £175,000 for the building plot. The building plot is on the site of the current garage and parking area and provision has been made within the planning permission for new parking arrangements for all three properties. Plans are available in more detail on the building plot.  

Newlyn is the home to one of the largest fishing fleets in the United Kingdom with over 40 acres of harbour, contributing millions of pounds to the Cornish economy each year. It is a thriving, evocative and working community offering one of the most delightful places to live in in Cornwall. Offering a few shops such as the Co-Op and Chanderies  and galleries including the famous Newlyn Art Gallery and the Exchange. For a more comprehensive range of shopping Penzance is only 2 miles distant. The coast line is breath taking with the beautiful Mousehole and Lamorna a few miles away.  

This detached house with 5 bedrooms and matured gardens, garage and parking offers a rare opportunity to purchase a substantial detached home. The panoramic views over Newlyn Harbour, Penzance and St Michael’s Mount and Mounts Bay are panoramic and can be seen in all but 2 rooms of the house and surrounding gardens. The property is offered with parking and a separate garage and we understand that there is no onward chain.  The building plot is on the site of the current garage and parking area. Provision has been made within the planning permission for new parking spaces for all three properties.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

08 Jun 2011

Retail Property Available to Rent in the Oldest Street in Penzance

A property, ideal for a variety of uses (subject to any necessary planning permissions) is available to rent in Penzance for £11,000 per annum – exclusive. The property has an attractive period frontage and is situated near to the main town centre in the oldest street in Penzance. It has an effective retail area of 45.64 SQM (491.32 SQFT) with further basement / storage / office accommodation 35.36 SQM (380 SQFT).  

The property is situated in the heart of Penzance town centre in what is considered to be one of the most architectural significantly streets in Cornwall. Reputedly the “Battle of Trafalgar” in 1805 was first announced in England and when a messenger ran up the street and told the audience of the local theatre. Other historical properties in this street include the 17th centre Union Hotel and the fascinating and colourful Egyptian House.  

Penzance itself is a market town set on the shores of the beautiful Mounts Bay dominated by the grandeur of St Michael’s Mount. Penzance is the main commercial centre for the Lands End Peninsula with a comprehensive range of shopping facilities. In addition there are facilities to satisfy all banking, school and leisure requirements plus there is a main line railway station which connects to London Paddington.

Newquay Airport of the north coast has daily flights to London and the South East amongst other destinations. 

The town has the most westerly major harbour of the English Channel and from there ferry services operate to the Isles of Scilly which lie some 28 miles beyond Lands End.  

The premises are presently used as a hairdressers with a kitchenette and toilet. Incorporated in the accommodation are offices and two basement rooms used as customer service areas.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

03 Jun 2011

Various Size Modern Industrial Units Available in Truro

Various size modern industrial units are available to rent from £13,250 on the Kea Downs Business Park Truro. The units range from 181 SQM – 1,595 SQM (1,953 SQFT – 17,179 SQFT). The units are modern and offer good access to the A30 and Truro.  

Kea Downs Business Park is situated less than 1 mile from the A30 Chiverton Roundabout, approximately 5 miles north of Truro, the commercial and administrative centre of Cornwall. Truro has a district population in the region of 85,000 persons. The business park is positioned centrally within the county offering excellent access to West and Central Cornwall.  

The business park was built only 5 years ago comprises seven industrial / warehouse units each with the benefit of allocated on-site parking. Each unit has the benefit of a large roller shutter door and internally offers eaves height of 5.5 metres. The properties are connected to mains electricity (with additional 3 phase available), water and drainage.  

Unit 1      2,830 SQFT                                         £17,750 per annum exclusive

Unit 2      2,830 SQFT                                         £17,750 per annum exclusive

Unit 3      2,830 SQFT                                         £17,750 per annum exclusive

Unit 4      2,830 SQFT                                         £17,750 per annum exclusive

Unit 5      1,953 SQFT                                         £13,750 per annum exclusive

Unit 6      1,953 SQFT                                         £13,750 per annum exclusive

Unit 7      1,953 SQFT                                         £13,750 per annum exclusive

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

03 Jun 2011

Main Street Shop Available to Rent in Bude

A prominent main street shop opposite Boots the Chemist and located in an excellent trading position close to car park and other amenities is available to rent in Bude at £12,000 per annum – exclusive.  

Bude is an established resort town on Cornwall’s north coast. The town has a resident popular of some 8,000, a substantial catchment area comprising the local hinterland and attracts approximately 600,000 visitors per year, many staying in the local self-catering and bed and breakfast accommodation within the town. Communications to the town are by road on the A3072 west from the A30 at Oakhampton, or along the A39 Atlantic Highway from Bideford / Barnstaple (to the north east) or Wadebridge (to the south west).

2 Grenville Gardens is a single store retail premises formerly trading as Tasty Baguettes. The property is situated opposite Boots, and near Lloyds Chemist, the major banks and numerous local retailers.  

Gross frontage – 20 ft 2 (6.15m)

Net internal width – 21 ft 3 (6.49m)

Shop depth – 29 ft 7 (9.02m)

Total Shop Area – 666 SQFT (61.9 SQM) 

The shop has the benefit of a WC, kitchenette, prep room and rear door to outside.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

03 Jun 2011

Cafe / Retail Premises Available to Rent in Penzance

A café / retail premises situated in a popular pedestrianized street opposite Subway is available to rent in Penzance at £25,000 per annum – exclusive. The property is located in a prominent trading position, close to care parks and other amenities and until recently it was used as a café with a fitted bar and prep area.  

Penzance lies at the western end of the Cornish peninsula facing onto Mounts Bay on the south coast of Cornwall. The town is the principal retail area in the district previously known as Penwith and is a relatively busy commercial centre accommodating the Council offices and Magistrates Courts. Penzance has good communication links with a direct link to the A30 which forms the arterial road into and out of the County, linking with the M5 at Exeter. The town also has an intercity railway station providing a regular service to Paddington London.  

The property is situated at the commencement of Causewayhead and is in close proximity to Market Place and Market Jew Street, the prime retailing locations within the town. Causewayhead has attracted a mixture of regional and local traders interspersed with national outlets with nearby occupiers including HSBC Bank, Cancer Research, Rowe’s the Bakery and Subway.  

Total Area including staff and customer toilets and external storage – 1,661 SQFT (154.32 SQM)  

The property is fitted with a bar incorporating modern stainless steel double sink unit, worktop surface, mirrors and concealed lighting. There is also fitted seating and fans, a prep room with modern stainless steel sink unit measuring 17 foot 4 by 11 foot 3 incorporated in the total square footage. There is a disabled toilet plus male and female toilet with wash basin and low level WCs.  

A fire door leads to outside to a rear covered walkway with external store cupboard 6 ft by 13 ft 8 inches with a fluorescent strip light.  

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk  

31 May 2011

Office Building Available in Redruth

Office area over ground and first floor with a floor area of 119.46 SQM (1,286 SQFT) is available to rent in Redruth for the sum of £12,750 per annum with incentives available. The property is located in a prominent with frontage visible from the main street and it has a range of office suite with a board room in this period double fronted property.

The property has approximately 5 parking spaces of its own and has easy access to public car parks. The property is also close to the town centre, railway station and other amenities.  

Redruth is a town with an occupation of 12,352 people. Lying approximately at the junction of the A393 and A3047 roads on the A30 and is approximately 9 miles west of Truro, 12 miles east of St Ives, 18 miles north east of Penzance and 11 miles north west of Falmouth. Camborne, Pool and Redruth together form the largest urban area in Cornwall. In 2002 the CPR Regeneration Company (URC) was set up to help bring the prosperity back to Camborne, Pool and Redruth a continuous 5 mile corridor of urban development along the inland western spine of Cornwall. Its aim is to ensure the area is regenerated in a sustainable way with a range of new homes and employment opportunities alongside community and leisure facilities in an improved environment.  

The premises are approached by an attractive wooden door leading to entrance vestibule and comprises of 6 rooms with storeroom, kitchen and toilets. There is a range of smaller and larger offices with power points, data points and gas central heating with radiators throughout most rooms.

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

31 May 2011

Unexpectedly Re-Available - A detached former banking hall with development potential

Located on the approach to St Ives, in a good position for a variety of businesses there is potential, subject to planning permission, for various other uses including residential dwelling, the property is located in a prominent location with parking, front and rear gardens and lapsed planning for residential development.

The property is available freehold at £180,000 and has a retail / storage area of 30 SQM (323 SQFT) approx. and an approx. site area of 0.21 acres (0.049 hectares)  

The property occupies a prominent position alongside the A3074 which is one of the main routes into St Ives.  

Carbis Bay has a significant permanent residential population which the town of St Ives in the immediate catchment area having a population in excess of 12,000 people. St Ives has a flourishing economy due to its long established tourism trade based on its sandy beaches, mild climate, famous Tate of the West Gallery and its Cornish fishing village.

For further details please contact Tim Smart at our Truro office on 01872 261028, mobile 07778 577487, email timsmart@scctruro.co.uk

27 May 2011

Prominent Unit on Estate Agents Parade, Mutley

Stratton Creber Commercial has been appointed as Sole Agents to dispose of the leasehold interest in 20 Mannamead Road. 

The subject premises are located on Mutley Plain. Mutley Plain is Plymouth’s northern suburban thoroughfare located approximately ½ mile from Plymouth City Centre and forms part of a focal point within a densely populated residential area off Mutley Plain, Mannamead and Lipson. Mutley Plain is home to many multiple retailers including the likes of Superdrug, Boots the Chemist, Subway, Blockbuster Videos and the majority of all national banks and building societies. The majority of occupiers within the parade that the subject premises are located in are Estate Agents and letting agents and the premises currently benefit from an A2 planning use suitable for financial and professional services.  

The premises are currently split over 3 levels with the main retail area on the ground floor with additional office space on the first floor along with ancillary storage space on the lower ground floor.  

To the rear of the premises is a courtyard which provides parking.  

The premises are available by way of new lease, length negotiable drawn on equivalent full repairing and insuring at an initial rent of £17,500 p.a.x  

For further information contact Chris Ryland at Stratton Creber Commercial - Tel. 01752 670700 / Fax. 01752 221655