The property is located in Penzance which has a population of 21,200, as recorded in the 2011 Census and its economy is supported by fishing, tourism and agriculture. It is the principal centre for commerce within West Cornwall.
It is situated within Market Jew Street, on the opposite side of the road from the Wharf Side Shopping Centre, in a highly visible position on The Terrace which forms the northern side of the Street. Nearby occupiers include an interesting mix of national and local independent retailers; Maria Chica Coffee Shop, RNLI shop, The Works, Nationwide Building Society, Boots Opticians, Tesco Express, Boots Pharmacy, Mountain Warehouse, Superdrug, WH Smith, Pound Stretcher, Dominoes, Rowes the Baker, British Heart Foundation and Peacocks. The current lessees are relocating to larger premises close by.
The premises comprise a ground floor retail unit with small store to the rear and first floor office/store/staff room with WC.
All areas and dimensions are approximate.
Net Internal Width – 6.0m (max)
Net Internal Depth – 10.9m
Net Retail Area – 58.7 sq m (631 sq ft)
Store – 5.0 sq m (53 sq ft)
Store/Office/Staff Room 9.1m (98 sq ft)
The premises are offered by way of a new lease which on proportional full repairing and insuring terms at an initial rental of £13,750 per annum exclusive. Rental Incentives will be available to assist tenants during the first year of occupancy.
Consideration will be given to a new longer term lease or the sale of the shop on a freehold basis with the maisonette above being retained by the landlord under a long lease. Asking Price £150,000.
The Government have indicated in the 2020 Budget that all retail premises with a rateable value below £51,000 (such as these) will have a 100% exemption in the financial year 2020/21.
Letting – The ingoing lessee to be responsible for the landlord’s reasonably incurred legal costs in connection with the transaction.
Energy Performance Certificate
The Energy Performance Rating for this property is within Band E (125).
For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email email@example.com or
Thomas Hewitt on 01872 247025 or via email firstname.lastname@example.org
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] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
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