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Jeremy Johnson Commercial Agent View Profile

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Call: 01872 247032
Email: jj@miller-commercial.co.uk

For Sale
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21/24, Killigrew Street, Falmouth, Cornwall

Retail for sale

£700,000 Offers in the region of

Freehold/Leasehold

A prominent retail premises with extensive frontage with subdivision and redevelopment potential available on a freehold or leasehold basis. The premises front the popular Moor area of Falmouth which includes a good mix of national and independent retailers, restaurants and bars.

  • FOR SALE/TO LET
  • PROMINENT RETAIL UNIT
  • AVAILABLE DUE TO RETIREMENT
  • POSSIBLE SUBDIVISION/DEVELOPMENT POTENTIAL
  • EPC RATING – C (66)

Property Brochure PDF Location Map

Background

This property has become available due to the impending retirement of the proprietor. The business has occupied the premises since 1903 and this is the first time that it has become available.
Expressions of interest are being sought either on a freehold or leasehold basis for the property, either in whole or in part.

Location

Falmouth sits at the head of the river Fal and has excellent communication links being the terminus of the A39 which in turn links to the A30 and M5. Falmouth benefits from 3 railway stations and a number of ferries operating out of the harbour.
The town benefits from the third largest natural deep water harbour in the world which supports its maritime traditions as well as being a focus for the tourism which enjoys access to lovely beaches at Gyllyngvase and Swanpool.
The town is synonymous with the sea which has shaped its history but in more recent times it has become well known for its artistic and creative excellence including the establishment of Falmouth School of Art which is now the UK’s number 1 university for the creative industries. The universities have helped to make Falmouth one of the most vibrant, exciting and expanding towns in Cornwall.
Falmouth together with Penryn home over 36,000 residents, although the population increases during the summer months with the influx of tourists. Falmouth provides an eclectic mix of national, regional and local retail and leisure representation ensuring the town appeals to tourists, students and local residents alike.

The University of Exeter Cornwall Campus has benefited from over £100 million of funding. It was recently (March 2017) granted consent to lift the cap on student numbers from 5,000 to 7,500, which will take the total student population in the town to circa 10,000.

The property is located within a busy part of Falmouth on Killigrew Street fronting the Moor. This is a popular secondary retailing location and includes a mix of local and national retail and restaurant occupiers including:- Lloyds Bank, Stratton Creber Estate Agents, The Lounge Cafe Bar, Pennycomequick Public House/Bar, Moor News, The Town Barber, Newells Travel, JD Wetherspoon, Domino’s, Select Convenience Store and KFC.

Description

A large retail unit with ground and first floor showroom and second floor storage of traditional construction. The premises are capable of subdivision on vertical or horizontal basis (subject to works). The unit has an extensive frontage and dominates this part of Killigrew Street making it an attractive proposition to any prospective occupant. The premises are well located adjoining the short stay Moor Car Park (37 spaces) and within a 5 minute walk of Town Quarry Long Stay Car Park (281 spaces). Falmouth Bus Terminal and Taxi Rank are situated immediately opposite the premises.

Accommodation

21 Killigrew Street
Ground 39.3 sq m (423sq ft)
First 57.6 sq m (620 sq ft)
22-24 Killigrew Street
Ground 217.8 sq m (2344 sq ft)
First 227.9 sq m (2453 sq ft)
Second 124.3 sq m (1338 sq ft)

TOTAL 666.7 sq m (7178 sq.ft)

Development Potential

It is considered that, subject to consents, there may be potential to subdivide the premises to create smaller units, convert to restaurant/bar use or convert the upper parts to residential use.

Price/rental

Freehold – Asking Price £700,000
Leasehold – Asking Rental £70,000 per annum exclusive – the remaining terms are open to negotiation.

Legal Costs

Each party to bear their own legal costs in respect of this transaction.

Vat

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

Business Rates

The premises has a current Rateable Value of £44,250. For further information please refer to www.tax.service.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is within band C (66).

Contact Information

For further information or an appointment to view please contact either:-
Jeremy Johnson on 01872 247032 or via email jj@miller-commercial.co.uk or
Mike Nightingale on 01872 247008 or via email msn@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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Jeremy Johnson Commercial Agent View Profile

Contact us about this property

Call: 01872 247032
Email: jj@miller-commercial.co.uk

Property Brochure PDF