Guide Price for the whole £400,000 | Gunnislake, Gunnislake, Cornwall, PL18 | 2 Bedrooms

SITUATION

The property is located in Gunnislake and is accessed directly off the A390 on Fore Street, which links Tavistock to Liskeard via Callington. Tavistock is approximately 4 miles to the east with Callington approximately 5 miles to the west where a wide range of shops and amenities can be found. The nearest railway station is located at Gunnislake approximately 1/2 mile to the south.

DESCRIPTION

Gunnislake Stores comprises a retail shop with ancillary storage, 2-bedroom owners accommodation above with adjoining gardens and a detached barn with planning permission for conversion to a dwelling at the rear.

SHOP

The shop, which is the only convenience store and lottery terminal in Gunnislake, has up-to-date signage and advertising hoardings on the roadside external wall. It is accessed via a single pedestrian door into a retail area which was completely re-fitted with new equipment in 2004 and has an array of fixtures and fittings including shelving and a trade counter. It also has a variety of equipment including refrigeration, open front chillers, glass topped freezers, together with microwave ovens and bake-off ovens, coffee machines and a hot food display counter. The internal specification of the shop consists of a suspended ceiling incorporating category 2 lighting throughout, over a vinyl floor. To the rear of the retail area is a storage room accessed directly from the retail area or via a hallway which leads out to the front of the property, making it ideal for unloading goods without carrying them through the main store area.

OWNERS ACCOMMODATION

The owners accommodation is accessed via a single pedestrian door from the rear of the store, or via a single pedestrian door directly off the main retail area. This leads onto a hallway with a staircase leading up to first floor level into a large 2-bedroom flat with far reaching views over the Tamar Valley.

OUTSIDE

Externally there is a large private garden arranged on two levels, having a south facing aspect and being surrounded by established trees and shrubs, providing a private and secluded feel to the property.

THE BARN

Within the grounds of the property is a redundant barn which has a planning consent to convert into a residential dwelling. It is constructed of stone elevations under a pitched slate roof with a small concrete yard area to the front and is accessed via Under Road.

BUSINESS

Gunnislake Stores is a thriving growing business which caters for every day needs. This includes fresh & frozen foods, dairy products, hot & cold soft drinks, beers, wines & spirits, cigarettes, newspapers & magazines and stationery products. The store also has a lottery terminal, cash point and mobile phone top-up service as well as an entertainment section hiring DVD's and videos. The trading hours are from Monday to Friday from 7.30am - 9.00pm and Saturday & Sunday from 8.00am to 9.00pm. The business is fully managed and employs 2 part-time staff. Accounts are available upon request.

ACCOMMODATION

All measurements are approximate gross internal areas as measured in accordance with the RICS Code of Measuring Practice.

SHOP & STORE

98.30 sq.m (1,058 sq.ft)

FIRST FLOOR FLAT

97.4 sq.m (1,048 sq.ft)

THE BARN

97.4 sq.m (1,048 sq.ft) gross internal area.

SERVICES

Mains water, electricity and drainage are connected to the property.

PLANNING

A planning application no. 08/00103/FUL for the conversion of the existing building and coach house to a residential dwelling and the formation of 4 car parking spaces was submitted to Caradon District Council. This was granted on the 4th March 2008 with conditions attached.

TENURE

Freehold with vacant possession upon completion.

METHOD OF SALE

The property is offered for sale as a whole or as separate lots. Consideration will be given to selling the barn for conversion separately as shown edged blue on the plan or selling the stores without the barn conversion as shown edged red on the plan. Offers are invited on an unconditional basis by informal tender on the attached form by 12.00 Noon on Friday 24th of October 2008, unless sold prior to this date.

GUIDE PRICE

Offers are invited for the whole including the business and stock in the region of £400,000.

THE BARN ONLY

Guide price £50,000

RATES

The Valuation Office website lists the Rateable Value as £4,200 per annum and the business currently benefits from a Local Authority 50% rural rate relief scheme.

COUNCIL TAX

Council Tax Band B (to be confirmed).

VAT

VAT will not be payable on the sale price.

VIEWING

Strictly by appointment with the agent.

From Plymouth and the A38, go over the Tamar Bridge and at the first roundabout take the 3rd exit onto the A388 signed for Callington. Go straight over the next 4 roundabouts on the A388 for approximately 6.5 miles, once at Callington bear left into Dupath Lane for approximately half a mile then turn right onto the A390. Continue for approximately 4 miles and Gunnislake Stores will be found on the right.

REFERENCE

GUNNI/10678/51

CONTACT INFORMATION

For further information or to arrange an inspection please contact: Stags, 21 Southernhay West, Exeter. EX1 1PR Tel 01392 680058 Fax 01392 426183 Email: commercial@stags.co.uk