Chartered Surveyors and Business Property Specialists
Mike Nightingale Partner View Profile

Contact us about this property

Call: 01872 247008
Email: msn@miller-commercial.co.uk

For Sale
1 of 8

5, Albert Street, Penzance

Retail for sale

£85,000 Asking price

Freehold

A freehold building comprising ground floor retail premises with two flats above which pay a ground rent of £100 per annum each. The premises are situated adjacent to a pedestrian crossing on the main route into the prime shopping area of Market Jew Street. Wharfside Shopping Centre, Penzance Railway Station and The Wharfside Public Car Park are also in close proximity.

  • LOCK UP RETAIL PREMISES
  • FOR SALE OR TO LET
  • LOCATED CLOSE TO MARKET JEW STREET & TRAIN/BUS STATIONS
  • ENERGY PERFORMANCE ASSET RATING D(97)

Property Brochure PDF Location Map

Description/location

A ground floor retail unit located within a small parade situated close to Penzance Railway Station and the principal retailing area of Market Jew Street.

Accommodation

All areas and dimensions are approximate.
Retail Area
Maximum Internal Width 3.73m
Maximum Internal Depth 8.61m
Net Retail Area 28.1 sq m (303 sq ft)
Store 6.42 sq m (69 sq ft)
Kitchen 6.16 sq.m (66 sq ft)
WC

Tenure

Freehold – the premises are offered to purchase on a freehold basis for £85,000. The property will be subject to an annual ground rent from the two flats above at £100 each.

Alternatively the premises are available to rent by way of a new proportional full repairing and insuring lease at a commencing rental of £7,000 per annum; the remaining terms are open to negotiation.

The premises cannot be utilised as a Hot Food Takeaway due to a restriction on the title.

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

Legal Costs

Freehold – Each party to bear their own.

Leasehold – The ingoing lessee to be responsible for the landlord’s reasonably incurred legal costs in connection with the transaction.

Business Rates

We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171.

Local Authority

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

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

Vat

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

Energy Performance Certificate

The Energy Performance Rating for this property is included within Band D (97).

Contact Information

For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email msn@miller-commercial.co.uk or
Thomas Hewitt on 01872 247025 or via email th@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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Mike Nightingale Partner View Profile

Contact us about this property

Call: 01872 247008
Email: msn@miller-commercial.co.uk

Property Brochure PDF