Diverse residential holding & long established family business - all with further development potential (stp). 4 bed dwelling. 2 letting cottages. Gardens. Building/DIY Merchants Supply Business. Filling station. Extensive stores/stables. 6 Acres
Tregonning Mill is situated on the edge of and just to the south of the popular village of Stithians.BRIEF DESCRIPTION
Tregonning comprises a terrace of three period residential properties which form the principal original Mill buildings indeed the original water wheel is still in situ and working order - which provide main owners accommodation and a pair of adjoining letting properties, a long established and well known building/DIY merchant supply business and petrol filling station, an extensive array of storage buildings with potential for conversion to form further residential units (subject to all necessary consents and approvals) and adjoining gardens and pasture land.MILL HOUSE (Grade II Listed)
A terraced period house currently used as the owners accommodation. Ground floor - Entrance Hall, Sitting and Dining Room, Kitchen and Living Room, Utility Room, separate WC and Conservatory. First floor - Landing, 4 Bedrooms (1 En Suite) and Bathroom.
Outside is a decked seating area with walkway access to an extensive garden with attractive centre piece pond.THE TWO ADJOINING COTTAGES (Grade II Listed) Mill Cottage
An end terrace period cottage.
Ground floor - Kitchen and Dining Room, Living Room and Rear Porch. First floor Landing, 3 Bedrooms and Bathroom.
To the rear is an enclosed Garden Area.The Mill
A terraced period former mill building with accommodation arranged over three storeys.
Ground floor - Spacious Kitchen and Dining Room. Void with old mill gears and axles. First floor Hallway, large Living Room. Second floor - Two Bedrooms and Shower Room.
Outside to the rear is a small Seating Area and a Water Wheel in working order. If desired, it is considered there is potential to extend the existing accommodation into adjoining stables subject to all necessary consents and approvals.TENURE
Mill Cottage and The Mill are both let under Assured Shorthold Tenancies with six months fixed letting terms. The sale of Tregonning Mill is subject to both Assured Shorthold Tenancies and the purchaser will be required to take them over. Copies of the Tenancy Agreements and further information in respect of rental income is available from Stags Truro office on request.THE BUSINESS History and Description
LA Phillips and Son Limited was originally established over 80 years ago by the current Vendors family. Indeed, Tregonning Mill has been in family ownership since 1911. Today, it is a well-recognised and profitable building/DIY merchant supply business, supplying private individuals and local mid and west Cornwall businesses. In addition, the Vendor manages a petrol filling station forecourt. Tregonning Mill is for sale as a going concern and the last three years trading accounts can be made available to interested parties following viewing.Ingoing Valuation
All stock in the shop and stores will be taken over at valuation.Business Shares
There are 800 Limited Company Business Shares in LA Phillips and Son Limited. For tax reasons, in addition to the purchase price of the property, it is a condition of the sale that the Purchaser will take over these shares at the price of £800.The Business Infrastructure
Nearest to the public road with ample car parking and turning areas for visitors is a single storey Shop with sales counter and including electronic cash register. Adjacent is the Petrol Filling Station forecourt which includes two pumps petrol and diesel.
There are numerous single storey former Mill Buildings of block and traditional stone construction and a timber frame Storage Building originally acquired from St Eval Airfield. If desired, it is considered there is some potential for some or all of these buildings to be converted to further residential units subject to all necessary consents and approvals.NB
It may be possible to purchase the business, plus stock, by way of separate negotiation.TOWN AND COUNTRY PLANNING
A pre-planning enquiry dated 14th September 2017 (reference PA17/01920/PRE-APP) has been recently carried out for change of use of existing commercial and vacant agricultural units into residential accommodation. A copy is available from Stags Truro office on request.THE LAND
To the south-east of Tregonning Mill are extensive level garden and recreational areas and to the east, north and north-west are pasture paddocks. There is a public footpath which crosses the land. In total, Tregonning Mill extends to about 6.15 Acres (2.49 Hectares).VIEWING
Strictly and only by prior appointment with Stags Truro office on 01872 264488. Please note that 48 hours notice will be required.DIRECTIONS
From the crossroads at Stithians, take Tregonning Road southwards towards Mabe. Drive down the hill, go over the bridge and Tregonning Mill will be seen on the right-hand side.SERVICES
Mains water connected. Mains electricity connect (single & three-phase). Oil fired central heating to Mill House & Mill Cottage. Central heating via water source pump to The Mill. Private drainage. TV & telephone points. New cloud based telephone system (2017) for the shop.