The property is located halfway along Fore Street, close to the prime retail pitch of Bank Street in Newquay. Nearby neighbours include Weird Fish, Fat Willys Surf Shack, Saltrock, Animal as well as a number of other surfing / tourist focused shops as well as several amusement arcades, bars and cafes including the well-known Sailors Nightclub.
The property comprises a mid terraced, period building with double frontage. The unit benefits from large windows to the front and to the rear of the store there is a modern store room extension as well as a staff room and staff WCS. The property has use for A1 retailing but other uses may be acceptable subject to the right planning consent. The property includes two upper floors, although the staircase to the upper floors has been removed.
The property is held by way of a lease for a term of 7 years until 23rd June 2026, subject to a Tenant only option to break midway through the lease term.
The passing rent is £20,000 per annum excl, which will increase to £21,000 per annum on the 1st anniversary of the term and will increase to £22,000 per annum on the 2nd anniversary of the term.
Schedule Of Accommodation
The property comprises the following approximate net internal floor areas:
Ground Floor Sales ITZA 756 sq ft (70.31 Sq m)
Ground Floor Sales 1,369 sq ft (127.34 Sq m)
Ground floor storage 398 sq ft (36.99 Sq m)
TOTAL AREA: 1,767 sq ft (164.33 sq m)
A new full repairing and insuring lease is available at a rent of £28,500 per annum exclusive.
The other terms of the lease to be agreed by negotiation.
Each party to bear their own legal costs in relation to this transaction.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £28,250. To find out how much business rates will be payable there is a business rates estimator service via the website.
All the above prices/rentals are quoted exclusive of VAT. For the avoidance of doubt, VAT is NOT currently charged on the rent.
The Energy Performance Rating for this property is “D” (85)
For further information or an appointment to view please contact either:-
Tom Smith on 01872 247013 or via email firstname.lastname@example.org or
Mike Nightingale on 01872 247008 or via email email@example.com
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.
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.