Chartered Surveyors and Business Property Specialists
Thomas Smith Head of Commercial Agency View Profile

Contact us about this property

Call: 01872 247013
Email: ts@miller-commercial.co.uk

For Sale
1 of 5

94, Market Jew Street, Penzance

Retail for sale

POA

Freehold/Leasehold

PRIME retail unit available in the heart of Penzance TO LET or FOR SALE.
REDEVLOPMENT OPPORTUNITY (STP) with views across Mounts Bay or rare opportunity to trade out of almost 17,500 sq ft of retail space. Would suit a VARIETY OF USES including leisure, fitness or residential with necessary consents.

  • TO LET, MAY SELL
  • 17,500 SQ FT APPROX (1,620 SQ M)
  • PRIME POSITION IN CENTRAL PENZANCE
  • POTENTIAL CONVERSION OPPORTUNITY (STP)
  • EPC RATING – “C” (59)

Property Brochure PDF Location Map

Location

Penzance is the principal town in west Cornwall with an immediate population in excess of 20,000 persons. The town sees strong tourist numbers throughout the year but is exceptionally busy during the summer months. The premises are well located on
Market Jew Street immediately between WH Smith and Domino’s. Other notable adjacencies include Peacocks, Superdrug, Mountain Warehouse, Boots and Tesco.

Accomodation

The premises are arranged over the ground, basement and first floors and provide the following approximate net internal floor
areas:
Ground Floor Sales: 4,811 sq ft (446.94 sq m)
Ground Floor Ancillary: 1,386 sq ft (128.75 sq m)
First Floor Sales: 5,988 sq ft (556.29 sq m)
Basement: 5,243 sq ft (487.07 sq m)

Total: 17,428 sq ft (1,620.8 sq m)

Tenure

The property is available for a new effective full repairing and insuring lease on terms to be agreed at an asking rent of 49,500 pa excl (subject to vacant possession)
Alternatively the owners may be prepared to sell – price on application.

Business Rates

Rateable Value 2017 £87,000
UBR 2020/21 51.2 p/£
Rates Payable £44,544
Interested parties are advised to make their own enquiries with the local rating authority to confirm their likely liability.

Vat

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

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

Each party to bear their own.

Energy Performance Certificate

The property has an EPC rating of “C” (59). A copy of the EPC is available on request.

Contact Information

For further information or an appointment to view please contact either:-
Tom Smith on 01872 247013 or via email ts@miller-commercial.co.uk or
Mike Nightingale on 01872 247008 or via email msn@miller-commercial.co.uk
or our joint agent, Matt Brown at Savills on 0117 910 2218 or via email mabrown@savills.com

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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Thomas Smith Head of Commercial Agency View Profile

Contact us about this property

Call: 01872 247013
Email: ts@miller-commercial.co.uk

Property Brochure PDF