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 premises comprise a ground floor retail unit with small store to the rear and first floor office/store/staff room with WC. The upper parts are occupied separately by our clients.
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)
Option 1 – Freehold – the whole building subject to a 999 year lease back to our clients of the maisonette at a peppercorn rental. The asking price is £150,000.
Option 2 – Freehold – the whole building with vacant possession. This includes the maisonette which is two bedroomed and independently access from Bread Street. The asking price for the whole is £350,000.
Option 3 Leasehold. This relates to the ground floor and first floor storage only. It is available by way of an occupational lease on proportional full repairing and insuring terms at a rental of £13,750 per annum exclusive. The remaining terms are open to negotiation.
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.
Leasehold – The ingoing tenant to pay the landlord’s reasonable legal costs.
Freehold – Each party to bear their own.
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
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.