The freehold of the WH Smith in Helston town centre is coming up for auction with a guide of £150,000 plus.
The double-fronted premises in Meneage Street feature a retail area on their ground floor with offices, store rooms and cloakrooms above as well as an array of outbuildings, a courtyard garden and car park outside.
It is let on a fully repairing and insuring lease from February 2016 with an end date of October 2027 at a rental of £21,000 per annum.
Senior Auction Appraiser Katie Semmens said: “This is an attractive building in a popular town close to leading national chains.
“It would make a great addition to a rental portfolio and also offers potential for future development, subject to all the necessary consents being obtainable.”
It is being auctioned jointly by Clive Emson Land and Property Auctioneers with Miller Commercial of Truro.
The site off Kei-Wei, in Rinsey Lane at Ashton, extends to a total of 0.69 hectares (1.71 acres).
It is among 174 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Plans for the development show six detached homes and eight semi-detached houses, all with gardens and parking.
“This is an exciting development opportunity in a good residential area," said Katie.
“Ashton is close to Praa Sands, with its long sandy beach, and Porthleven, known for its picturesque harbour.
“We expect keen interest from developers with a ready-made scheme for building out in an area where demand for housing remains strong.”Also in Helston,
The June auction is Clive Emson Auctioneer’s 250th since it was founded in 1989.
Clive Emson Auctioneers holds auctions eight times a year offering specialist advice for auction purposes with offices in Essex, Kent, Sussex, Hampshire and the West Country, selling with skill, speed and efficiency.
Bidding for the current auction, the fourth of the year, goes live on Monday June 10 and ends on Wednesday June 12.
See https://www.cliveemson.co.uk for more details.
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