Chartered Surveyors and Business Property Specialists
Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

For Sale
1 of 8

Commercial Premises, 4, Killigrew Street, Falmouth, Cornwall

Public house for sale

£425,000 Guide price

Freehold

An exciting opportunity to acquire a substantial four storey premises in the heart of Falmouth. The property has most recently been utilised as a licensed premises with Bars on both the Ground & First Floors. The property also has a commercial Kitchen and an owners/managers flat. The property may also appeal to developers/investors as our client recently obtained planning permission to divide the Ground Floor into two retail units and for conversion of the upper parts into 5 Apartments. Application Number PA18/06868

  • SUBSTANTIAL FOUR STOREY COMMERCIAL PREMISES
  • TOWN CENTRE LOCATION
  • PLANNING CONSENT FOR TWO SHOPS AND FIVE FLATS
  • AVAILABLE ON A FREEHOLD OR LEASEHOLD BASIS
  • SELECTION OF EQUIPMENT TO BE INCLUDED IN PRICE
  • EPC C53

Property Brochure PDF Location Map

Location

The property is situated in the heart of the cosmopolitan town of Falmouth which has a resident population of circa 22,000 that is boosted during the term time by the several thousand students who study at the town’s rapidly expanding University. Falmouth is also a popular year round tourist destination owing to its large natural harbour which plays host to regular maritime events with the town attracting cruise ships throughout the summer season.

The Property

As alluded to in the initial description the property is likely to appeal to a wide selection of buyers and tenants as the building offers huge flexibility in the way in which it is utilised as a result of our clients gaining planning consent for its redevelopment into two retail units with 5 apartments on the upper floors under planning application PA18/06868.

The Accomodation Comprises

All areas and dimensions are approximate

Ground Floor

Currently laid out as an open plan bar area with two entrances onto Killigrew Street, wooden flooring, a bar/servery with a rudimentary selection of equipment, fitted seating, Ladies and Gents Toilets and a Disabled W/C.

First Floor

An open plan area with two partially covered bay windows looking onto Killigrew Street, a bar/servery again with basic items of equipment, a raised area formally used as a stage with a dressing/storage room off and Ladies & Gents W/C’s.

Second Floor

Commercial Kitchen, Fridge & Freezer Room, Office, 2 x Store Rooms, Staff Toilet/shower room.

Attic Rooms

Two rooms formally used as the managers lounge and Bedroom

Tenure

The property is available on either a freehold basis at a guide price of £425,000 or on a leasehold basis at a commencing rental of £20,000 per annum by way of an new FRI lease for an initial term of 6 years with all other terms to be agreed.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Energy Performance Certificate

The Energy Performance Rating for this property is within Band C

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence

Whilst the property was previously operated as a Bar/restaurant we would ask that you make your own enquiries with Cornwall Council as to the existence/status of a Premises Licence.

Agents Note

In the event of a leasehold transaction, the Lessee will be responsible for the Lessors professional and legal fees. For further information please contact the agent.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search, To find out how much business rates will be payable there is a business rates estimator service via the website.

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

Value Added Tax

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

Contact Information

For further information or an appointment to view please contact either:-
Paul Collins 07814 423058 pc@miller-commercial.co.uk or Graham Timmins 07900 604078 gt@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.

Interested in this Property?
Connect with our Expert

Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF