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

For Sale
1 of 4

25, Market Place, Penzance

Investments Commercial for sale

£450,000 Asking price

Freehold

Prime Retail unit for sale to be provided with vacant possession on the ground floor and income producing first floor in Market Place in central Penzance on the south coast of Cornwall. Currently home to menswear store, Burton. The vendors would also consider letting the ground floor on terms to be agreed.

The property compromises a ground floor retail unit with well configured sales accommodation and storage to rear of 2,097 sq ft NIA (194.85 sq m) / 956 sq ft ITZA. The first floor is currently let to a bar on a lease through to 2028 providing a rental income of £10,000 pa and comprises 2,011 sq ft (187 sq m).

  • FOR SALE
  • WELL POSITIONED RETAIL UNIT IN PENZANCE
  • GROUND FLOOR – 2,097 SQ FT (194.85 SQ M)
  • FIRST FLOOR LET UNTIL 2028 AT £10,000 PA
  • EPC – GROUND FLOOR – E (104)
  • EPC – FIRST FLOOR – D (98)

Property Brochure PDF Location Map

Location

Penzance is the largest town in west Cornwall and benefits from 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 mainline Railway Station which provides regular services to London Paddington and other UK destinations. Newquay airport is located approximately 41 miles from the town and the nearby harbours provide a thriving local fishing community and ferry 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.

Description

Prime Retail unit for sale in Market Place in central Penzance on the south coast of Cornwall. Currently home to menswear store, Burton. The first floor is currently let to a bar, producing an income of £10,000 per annum. The property benefits from good prominence fronting Market Jew Street and nearby occupiers include Coral, Clarks, Wetherspoons, Trespass, Lloyds Bank and Holland & Barrett.

Accomodation

The property provides the following approximate net internal floor areas:
Ground Floor 2,097 sq ft (194.85 sq m)
ITZA 956 sq ft
First Floor 2,011 sq ft (187 sq m)
Total 4,108 sq ft

Tenure

The freehold of the property is available at an asking price of £450,000. The owner may consider leasing the ground floor, at a rent to be agreed.

Legal Costs

Each party to bear their own.

Local Authority

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

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value of the ground floor is £41,000.

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

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

Energy Performance Certificate

The Energy Performance Rating for the ground floor is E (104).
The Energy Performance Rating for the first floor is D (98).

Contact Information

For further information or an appointment to view please contact either:-
Tom Smith on 01872 247013 or via email ts@miller-commercial.co.uk or
Mike Nightingale on 01872 247008 or via email msn@miller-commercial.co.uk or

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