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Mike Nightingale Partner View Profile

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

For Sale
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Investment Opportunity, 10B, High Street, Falmouth, Cornwall

Investments Commercial for sale

£65,000 Asking price

Freehold

An investment property comprising a ground floor lock up retail unit which is currently let under a six year proportional full repairing and insuring lease at an annual rental of £5,200 per annum. The business trades as a tattoo piercing and jewellery shop. The upper parts comprise a flat which is owned separately under a 999 year lease from 10/02/1983.

  • INVESTMENT OPPORTUNITY – CURRENTLY PRODUCING £5,200 PER ANNUM
  • FLAT ABOVE OWNED SEPARATELY UNDER A 999 YEAR LEASE
  • LOCATED WITHIN FALMOUTH’S SPECIALISED RETAILING QUARTER
  • ENERGY PERFORMANCE ASSET RATING – E (113)

Property Brochure PDF Location Map

Location

The building is situated within High Street Falmouth, amongst a number of independent retailers including The Ope Coffee Shop, Mirri Damer Jewellery, The Black Cat Boutique, Alexander Miller Opticians, Stones Bakery, Thai Orchid and Electric Beach Tanning Salon.

Description

A ground floor lock up retail unit with storage/staff facilities behind and WC. There is a flat above which is held separately under a 999 year lease. The building is Grade II Listed.

Accommodation

All areas and dimensions are approximate.
RETAIL UNIT
Max. Internal Width – 6.33m
Max Internal Depth – 2.86m
Net Retail Area – 16.8 sq.m (181 sq.ft)
Store 8.8 sq.m (95 sq.ft)
Net Internal Area 25.6 sq.m (276 sq.ft).
WC plus wash basin.
FLAT – not inspected

Tenure

1. Ground Floor. This is occupied under a six year proportional full repairing and insuring lease from 27/03/2018 and is subject to a rent review and tenant only break on the third anniversary.
2. Upper Parts – this is held under a 999 year lease from 10/02/1983. This includes the roof. A ground rent of £25 per annum is payable. The flat owner contributes two thirds of the costs of maintaining the exterior and buildings insurance.

Local Authority

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

Legal Costs

Each Party to bear their own.

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 building has an energy performance rating of E (113).

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

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.

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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