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Truro Business Park, Truro, TR4

Let/Sold
£695,000.00 £113.06 /sf
6,147 sf
Office Investments for Sale

Truro Business Park, Truro, TR4

Let/Sold
£695,000.00 £113.06 /sf
6,147 sf
A 6,147 sq. ft (571.11 sq. m) office complex plus 9,292.81 sq. ft (863.33 sq. m) yard/parking
area with 18 car parking spaces. The 2-storey office building is separated into 3 separate tenancies with common toilet, shower and lift facilities. The property is occupied by Ward Williams Associates LLP, (WWA), MWJV Ltd and Stratton Creber Commercial (SCC). WWA, established in 1974, are property and construction consultants with over 100 employees in 7 offices across England, including Truro, Plymouth, Exeter, Salisbury, Gloucester, London and Manchester. MWJV Ltd, established in 2019, is a joint venture between WWA and Mace Group delivering multi-disciplinary services to the public sector. SCC, established in 19th century, are commercial property agents operating in the South West of England with 3 offices.

Location

Compass House is situated 3.6 miles from Truro City Centre and 2.8 miles from the A30 trunk road at Chiverton Cross, thereby well located for access to business throughout Cornwall. Truro, which combines retail, industrial, tourism and leisure within its economy, is the principal administrative Centre for Cornwall with many national and independent retailers represented in the City Centre. There is a mainline railway station which connects to London Paddington. Threemilestone has a population of approx. 2,800 and benefits from a range of local amenities including Co-op Food, Spar, post office and retail parks with outlets including DFS, Wickes and Home Bargains. There is also Langarth Park and Ride which facilitates travel in and out of Truro City Centre. Truro Business Park specifically is home to both local and national
businesses including Volvo Car Dealership, Euro Car Parts, Toolstation, 3MS Construction, Datasharp, Laurence Associates Architects, Truro and Penwith Academy Trust and Cornwall Payroll Bureau Ltd.
The proposed new sustainable community, Langarth Garden Village, will be located 1 mile from Compass House. The community will have between 8,000 to 10,000 residents, with plans to also development the Stadium for Cornwall in the same location. This development promises to deliver affordable homes, accessible transport and strong services to provide a place where people live, work and thrive. This increased footfall to the area ensures the future demand for properties such as Compass House.

Amenities

Currently producing an annual rental income of £55,089

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Investment property for SaleInvestment property for Sale in Truro
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Investment property for SaleTruroTruro Business Park, Truro, TR4Let/Sold