For Sale Penstraze Business Centre, Truro, Cornwall, TR4 8PN SERVICED OFFICE INVESTMENT OPPORTUNITY Penstraze Business Centre, Truro, Cornwall, TR4 8PN Key Facts 13 Office Suites and Meeting Room 3,735 sq ft (347.03 sq m) 0.56 acre site (0.28 HA) Potential income in excess of £91,000 Convenient location close to Truro and the A30 Penstraze Business Centre, Truro, Cornwall, TR4 8PN Location and Situation Location In summary the property offers businesses a modern working environment with The property is located close to the City of Truro (2.5 miles/ 4.0 km from excellent access and communications while being situated in a pleasant rural Treliske Retail Park, Treliske Hospital and Truro College and 4.5 miles/ 7.2 environment. km from the City Centre) which is the main administrative centre for Cornwall. It is situated off the A390 which is one of the principal routes The boundary of the freehold title is edged red on the plan below for leading into Truro from the A30. The A30 itself is approximately 1.3 Miles identification purposes only. A Right of Way will be granted to the property from (2.1KM) to the north west and is the main arterial route through the the A390 County. Truro has a mainline railway station, the Truro Airfield is within walking distance and Newquay Airport is approximately 21Miles (34km) The adjacent property, Homestead, is also available as is the 0.88 acre (0.35 HA) away. paddock directly to the north of the site. Further details are available upon A390 Penstraze Business Centre, Truro, Cornwall, TR4 8PN Description/Accommodation Description Accommodation The property comprises a detached converted and extended barn Net Internal areas (Mezzanine offices measured into eaves) which now accommodates 13 individual office suites over two floors . In Rents assume full occupation addition to the offices there is a communal meeting room and reception area. Rent and communi- Office ft2 m2 cation package per Externally the property is accessed through a private right of way leading annum (EX VAT) from the A390 to a parking area with adjacent expansion land. The 1 320 29.72 £7,740 adjacent house, Homestead and the small paddock to the north, is also 2 279 25.92 £6,900 available for sale offering potential for a home and income/ further development. Further details are available upon application. 3 234 21.74 £6,000 Internally the office suites are all connected to a shared LPG fired 4 442 41.06 £10,200 central heating system and have access to a leased fibre-optic 5 288 26.75 £7,080 broadband line with a 100mb connection. 6 202 18.76 £5,328 The Business 6a 264 24.52 £6,600 The business was established in 1998 by the current owner and is run by 7 109 10.12 £3,420 him on a part time basis with the assistance of a part time administrator. When fully occupied the building produces a rental income, including 8a 111 10.40 £3,480 communications packages, of just over £91,000 per annum. In addition 141 (meeting 8b 13.10 Let hourly there is an income of circa £3,000 pa from virtual offices which provide Room) services tailored to the users needs potentially including post handling, 9 336 31.21 £8,580 remote or hosted telephony and occasional room hire. 10 321 29.82 £6,960 Abridged Profit and Loss accounts are available upon application. 11 383 35.58 £8,160 Further details on the Business Centre are available on our clients web 12 305 28.33 £7,440 site: www.penstrazebusinesscentrew.co.uk 3,735 347.03 £91,188 Penstraze Business Centre, Truro, Cornwall, TR4 8PN Accommodation/Information Services Interested parties should make their own enquiries to the local rating authority, Cornwall Council, on 0300 1234 171, email: We understand that mains water and electricity are connected to the [email protected] to ascertain the exact rates payable. premises, that heating is provided by an LPG fired boiler and that there is private drainage. The services have not been tested and we advise Asbestos Regulations all interested parties to make their own enquiries of the necessary statutory authorities. The water and gas services are currently shared It is the responsibility of the owner or tenant of the property, and with neighbouring house and in the event of the offices and the anyone else who has control over it and/or responsibility for neighbouring house selling separately, appropriate arrangements with maintaining it to comply with the Control of Asbestos Regulations regard to division of these services will need to be agreed. 2006 (CAR 2006). The detection of asbestos and asbestos related compounds is beyond the scope of Alder King and accordingly we Inventory recommend you obtain advice from a specialist source. An inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied prior to exchange of contracts. Energy Performance Certificates Terms The property has an EPC rating of E (107) Freehold. A copy of the EPC Certificate is available for inspection by request. Rent/Price £350,000 Plus VAT SUBJECT TO CONTRACT VAT is chargeable on the sale of this property Business Rates We understand from enquiries of the Valuation Office Agency website www.voa.gov.uk that the office premises have been assessed for non domestic rating purposes with a rateable value of £25,000. Business Rates are paid by the Landlord as the office suites are let on an inclusive basis. Penstraze Business Centre, Truro, Cornwall, TR4 8PN Contact Details and Information Alder King LLP is a Limited Liability Partnership registered in England and Wales. No OC306796. Registered Office: Pembroke House, 15 Pembroke Road, Clifton, Bristol, BS8 3BA. A list of all Members is available at the registered office. Viewing Arrangements/Further Information Alder King Property Consultants High Water House Malpas Road Truro TR1 1QH Contact Tom Duncan Tel: 01872 227005 Email: [email protected] Joint Agents Important: Alder King for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars contained herein are for guidance purposes only and do not constitute either part or whole of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation are given in good faith and are believed to be Stags, 61 Lemon St, Truro, Cornwall TR1 2PE correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, and must satisfy themselves as to their correctness. 3. No person in the employment of Alder King has any authority to make or give any representations or warranties whatsoever in relation to these properties. 4. No responsibility can be accepted for expenses incurred by intending purchasers Telephone: 01872 264488 Email: [email protected] FAO Mr Ian in inspecting and considering the properties which are offered. Under the Control of Asbestos Regulations 2006 (CAR 2006), the owner Osborne or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos related compounds contained within the property. Failure to comply with the CAR 2006 is an offence and could adversely affect the value of the property. The detection and management of asbestos and asbestos related compounds is beyond the scope of our expertise and does not form part of the services that we have agreed to provide in respect of the property. Accordingly: 1. Alder King do not accept any responsibility for, and you should not place any reliance on us in respect of, the detection and/or management of any asbestos compounds contained in the property. 2. We strongly recommend that you obtain advice from specialist environmental consultants in respect of asbestos related issues. .