Chartered Surveyors and Business Property Specialists
Thomas Smith Head of Commercial Agency View Profile

Contact us about this property

Call: 01872 247013
Email: ts@miller-commercial.co.uk

Let
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LET - 32, Market Place, Penzance

Retail to let

£25,000 Per Annum

Leasehold

Prime Retail unit to let in pedestrianised Market Place in the centre of Penzance.

The property compromises a ground floor retail unit with well configured sales accommodation (2491 sq ft) and ancillary accommodation to the rear (46 sq ft). The property provides further ancillary/storage at first floor level (448 sq ft).

  • REDUCED RENT – FOR A LIMITED PERIOD ONLY
  • A1 RETAIL
  • PRIME RETAIL PITCH
  • GROUND FLOOR RETAIL
  • ANCILLARY + STORAGE ON GROUND + 1ST FLOORS
  • EPC RATING E (105)

Property Brochure PDF Location Map

Location

The town has good communication connections with a direct link to the A30 which forms the arterial road through the County, linking with the M5 at Exeter. Penzance benefits from a bus station and Penzance Railway Station which provides regular services to London Paddington and other UK destinations. Newquay airport is located approximately 41 miles from the town and Penzance Harbour provides services to the Isles of Scilly. The town has a population in excess of 20,000, and is a very popular tourist seaside destination continuing to attract rising visitor levels.

The property is situated in Penzance town centre on pedestrianised Market Place within the prime retail pitch for the town. Market Place connects Market Jew Street and the busy Causewayhead retail precinct.

Nearby occupiers include; Lloyds Bank, Rymans, Betfred, Cancer Research UK, Santander, Millets, Trespass, Barclays Bank, Holland and Barrett, Co-operative food, CEX, WH Smith, Superdrug, Mountain Warehouse, H. Samuel, O2 and Specsavers.

The town’s principal car parking provision and the Wharfside Shopping Centre are also within close proximity, tenants of which include; Peacocks, New Look, Costa and Argos.

Recently a total of 19 ambitious projects have been announced to continue the regeneration of Penzance, most notably; heating the Jubilee Pool by geothermal technology, adding a breakwater to the harbour and developing a marina. Premier Inn has been granted planning permission for a 61 bed hotel near the train station.

Description

The property compromises a ground floor retail unit with well configured sales accommodation and ancillary accommodation to the rear. The property provides further ancillary/storage accommodation at first floor level and has recently undergone a substantial refurbishment project. The building has rear access at first floor level, via Bread Street.

Accommodation

The property provides the following approximate net internal floor areas:
Ground Floor Sales 2491 sq ft
ITZA 1081 sq ft
Ground Floor Ancillary 46 sq ft
First Floor Ancillary 448 sq ft
Total 2986 sq ft

Planning

The unit currently benefits from A1 (Retail) planning consent.

We are however of the opinion that the unit could suit other uses, for example restaurant/leisure, subject to obtaining the necessary planning consent.

New Quoting Rent

The property is available by way of a new full repairing and insuring lease on terms to be agreed.

The quoting rent has been reduced to £25,000 per annum exclusive.

Legal Costs

All parties to bear their own legal costs associated with this transaction.

Local Authority

Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Business Rates

In accordance with the VOA, the current rateable value of the property is £41,750.
We estimate the current rates payable to be £19,998.
We would however recommend you make your own enquires with the VOA to confirm business rates payable.

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Value Added Tax (vat)

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Energy Performance Certificate

The Energy Performance Rating for this property is within Band E (105)

Contact Information

For further information or an appointment to view please contact:
Thomas Smith on 01872 247035 or via email ts@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Thomas Smith Head of Commercial Agency View Profile

Contact us about this property

Call: 01872 247013
Email: ts@miller-commercial.co.uk

Property Brochure PDF