24/26 Trelowarren Street, Camborne, Cornwall

Description

Freehold town centre shop investment. Let to Poundstretcher Limited on a lease expiring 2030. Total accommodation of approximately 1,654.4 sq m (17,808 sq ft). Town centre location on the main thoroughfare. VAT applies; please refer to the Special Conditions of Sale.

Accommodation

Total accommodation of approximately 1,654.4 sq m (17,808 sq ft)

Location

The property is situated on the south side of Trelowarren Street (A3047), the town's main retail thoroughfare, in the town centre of Camborne. Camborne is located between Penzance and Newquay, approximately 20 miles to the north-east, and the town centre is approximately one mile from the A30. Nearby occupiers include Holland & Barrett, Costa Coffee, Superdrug, Specsavers, TUI, Betfred, The Works, Day Lewis Pharmacy and Iceland.

Tenure / Property Information

Investment Analysis

The evidence supports a substantial freehold town-centre retail investment of approximately 17,808 sq ft, occupied by Poundstretcher Limited under a lease expiring in 2030. The £450,000+ guide is an auction guide, not a supported market value. No passing rent, rent review terms, lease covenants, comparable sales or capitalisation evidence is supplied, so value, yield and maximum bid cannot be reliably calculated. VAT applies and additional costs may arise under the Special Conditions.

Investment Snapshot

Strategy Recommendation

Treat as an income-investment acquisition only after verifying the passing rent, lease terms, tenant obligations, VAT position, special conditions and property condition. Do not set a bid above the £450,000+ guide without supported income and valuation evidence.

Works Required

No refurbishment works are evidenced. Complete legal and physical due diligence, including inspection of the shop, review of repair obligations and confirmation of any required maintenance or compliance works.

Rental & Market Context

Potential BRRR Position

A BRRR analysis cannot be completed because no supported market value, rent, refurbishment budget, finance costs or refinance valuation evidence is supplied. The lease expiring in 2030 also creates a material future letting or exit consideration that requires review.

Buy-to-Let Analysis

This is a commercial retail investment rather than a residential BTL. The passing rent and lease financial terms are not supplied, so income, yield, affordability and debt-service analysis cannot be established. Obtain the rent, rent review provisions, repairing obligations, insurance provisions, tenant covenant information and full lease before bidding.

Flip Analysis

A flip or resale surplus cannot be calculated because there are no comparable sales, supported GDV, works allowance, selling costs or buyer-cost details. The property is occupied under a lease expiring in 2030, which may affect resale flexibility and purchaser demand.

Investor Risks & Due Diligence

• Passing rent and lease financial terms are not supplied.

• Lease expires in 2030, creating future re-letting, renewal or exit risk.

• VAT applies, with no VAT recovery position or amount supplied.

• Buyer, administration and other seller or third-party charges are unspecified.

• No condition, repair liability or refurbishment cost evidence is supplied.

• No comparable sales or independent valuation evidence is supplied.

• Tenant covenant and occupational performance information are not supplied.

Recommendation

Treat as an income-investment acquisition only after verifying the passing rent, lease terms, tenant obligations, VAT position, special conditions and property condition. Do not set a bid above the £450,000+ guide without supported income and valuation evidence.

Strategy Rating

Analysis Confidence

Core investment inputs are missing, including passing rent, lease rent provisions, comparable evidence, condition, costs, EPC and auction charges. The guide price alone is insufficient for valuation or return calculations.