Guide price
£679,995
Retail premises for saleFore Street & 47-49 Aylmer Square, St Austell, Cornwall PL25
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About this property
A rare opportunity to acquire a substantial towncentre retail parade in the heart of St Austell, let to a trio of nationally recognised highstreet retailers: Argos, H. Samuel and Specsavers. Producing a combined income of £81,952 p.a.x., the freehold is available at £695,000, offering an exceptionally attractive blended yield and strong tenant covenants.
The property comprises a significant retail parade with large dual frontages and three strong national tenants. Additional parts of the wider block are occupied by Boots and WHSmith, each held on long underlying ground leases (and not incomeproducing here).
Tenancy Schedule
47/49 Aylmer Square – Argos
Area: 838.2 sq m (9,022 sq ft)
Lease: Fri to Argos Ltd
Expiry: 7 August 2028
Passing Rent: £49,000 p.a.x.
Covenant: Argos turnover c. £4.2bn, strong standalone demand in St Austell with no Sainsbury’s integration locally.
37 Fore Street – H. Samuel (Signet Trading Ltd)
Area:
Ground: 1,188 sq ft
Basement: 218 sq ft
First: 337 sq ft
Lease: Fri to Signet Trading Ltd (t/a H. Samuel)
Expiry: 10 April 2028
Break: April 2026
Passing Rent: £14,100 p.a.x.
39 Fore Street – Specsavers Optical Superstores Ltd
Area:
Ground: 1,240 sq ft
Lower Ground: 131 sq ft
First: 347 sq ft
Lease: Fri to Specsavers
Expiry: 28 September 2026
Break: April 2026
Passing Rent: £18,850 p.a.x.
Covenant: Specsavers turnover £3.42bn (fy 2023), operating c. 1,000 UK stores.
Additional Long Ground Rents (Not IncomeProducing in the Sale)
1 Aylmer Square – WHSmith: 99year lease to 2079 at £1 p.a.
29–31 Fore Street – Boots: 99year lease to 3010 at £1 p.a.
Financial Summary
Total Passing Rent: £81,952 p.a.x.
Price: £695,000 freehold
St Austell is one of Cornwall’s largest towns and a major retail destination, located 13 miles northeast of Truro and just 3 miles from the worldfamous Eden Project. The property occupies a prime position on the south side of Fore Street with further frontage onto Aylmer Square, surrounded by major national retailers including Sports Direct, game, Iceland, Poundland, Vodafone, EE, and the White River Place Shopping Centre.
We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion. If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days. For these reasons, it is suitable for cash buyers only.
The property comprises a significant retail parade with large dual frontages and three strong national tenants. Additional parts of the wider block are occupied by Boots and WHSmith, each held on long underlying ground leases (and not incomeproducing here).
Tenancy Schedule
47/49 Aylmer Square – Argos
Area: 838.2 sq m (9,022 sq ft)
Lease: Fri to Argos Ltd
Expiry: 7 August 2028
Passing Rent: £49,000 p.a.x.
Covenant: Argos turnover c. £4.2bn, strong standalone demand in St Austell with no Sainsbury’s integration locally.
37 Fore Street – H. Samuel (Signet Trading Ltd)
Area:
Ground: 1,188 sq ft
Basement: 218 sq ft
First: 337 sq ft
Lease: Fri to Signet Trading Ltd (t/a H. Samuel)
Expiry: 10 April 2028
Break: April 2026
Passing Rent: £14,100 p.a.x.
39 Fore Street – Specsavers Optical Superstores Ltd
Area:
Ground: 1,240 sq ft
Lower Ground: 131 sq ft
First: 347 sq ft
Lease: Fri to Specsavers
Expiry: 28 September 2026
Break: April 2026
Passing Rent: £18,850 p.a.x.
Covenant: Specsavers turnover £3.42bn (fy 2023), operating c. 1,000 UK stores.
Additional Long Ground Rents (Not IncomeProducing in the Sale)
1 Aylmer Square – WHSmith: 99year lease to 2079 at £1 p.a.
29–31 Fore Street – Boots: 99year lease to 3010 at £1 p.a.
Financial Summary
Total Passing Rent: £81,952 p.a.x.
Price: £695,000 freehold
St Austell is one of Cornwall’s largest towns and a major retail destination, located 13 miles northeast of Truro and just 3 miles from the worldfamous Eden Project. The property occupies a prime position on the south side of Fore Street with further frontage onto Aylmer Square, surrounded by major national retailers including Sports Direct, game, Iceland, Poundland, Vodafone, EE, and the White River Place Shopping Centre.
We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion. If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days. For these reasons, it is suitable for cash buyers only.
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