Summary - Fore Street, St. Austell, Cornwall, PL25 PL25 5PY
1 bed 1 bath Retail Property (high street)
Central St Austell parade with national occupiers and immediate income.
Freehold town-centre parade totalling 9,022 sq ft
A rare freehold town-centre retail portfolio totalling 9,022 sq ft, producing £81,952 pa from national operators. The block includes a large Argos unit (FRI head lease to 7 Aug 2028) plus Specsavers, H.Samuel, Boots and W.H.Smith, providing immediate income and strong tenant profiles.
The buildings present redevelopment and asset-management potential given double-height space, substantial frontages to Fore Street and Aylmer Square and a central location close to the Eden Project. Several long leases are in place, but key leases contain tenant break options (notably in 2026) and some head leases expire within a few years, which requires active management.
Material considerations: the asset sits in a very deprived area with high local crime statistics and very slow broadband speeds; plot size is small and maintenance of concrete/brutalist fabric may be required. The sale is VAT ToGC and offered freehold at £595,000, making it suitable for income investors or developers seeking repositioning opportunities in a busy town centre.
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