Location
Newquay is a popular town situated on the north coast of Cornwall, supporting a district population of approximately 95,000.
The town is a popular tourist destination and gets very busy during the summer months. Fistral beach, which is situated in the town, is an internationally renowned surf spot and the town itself offers a busy high street and vibrant nightlife.
Situation
The property is situated within the prime retail pitch on Bank Street which is the towns principal pedestrianised thoroughfare. Retailers located close by include Boots the Chemist, Superdrug, WHSmith, Poundland, Peacocks, Costa Coffee, Café Nero, Natwest, Holland & Barrett and New Look.
Bank Street is home to a range of national and more local retailers including Super Dry, Mountain Warehouse, New Look, Millets, Costa and Caffe Nero together with the traditional seaside tourist shops, bars, cafes and restaurants.
Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) on a Net Internal Basis (NIA) and provides the following approximate areas;
DESCRIPTION SQ FT
Ground Floor Sales 1,461
ITZA 782
Ground Floor Ancillary 152
Basement 69
First Floor Ancillary 1,158
Second Floor Ancillary 1,023
TOTAL 3,863
Planning
The unit currently benefits from A5, A4, A3, A2 and A1 planning consents. All interested parties should make their own enquiries to the Planning Department of Cornwall Council 0300 1234 151 Email: planning@cornwall.gov.uk.
Lease Terms
The property is available by way of a new full repairing and insuring lease on terms to be agreed.
Rent
£25,000 per annum exclusive of rates, outgoings and VAT (if applicable).
Business Rates
The rateable value is currently £42,750, reflecting its previous use as a banking hall. The landlord is in the process of having the premises re rated.
Interested parties should make their own enquiries with the valuation office (www.voa.gov.uk) to verify the rates payable.
Epc
The property has an EPC rating of D (82).
Vat
The quoted rent is exclusive of VAT. For the avoidance of doubt, VAT is to be paid on the rent.
Legal Costs
All parties to bear their own legal costs associated with this transaction.
Contact Information
For further information or to arrange a viewing, please contact the agents:
Thomas Smith on 01872 247013 or via email ts@miller-commercial.co.uk or
Thomas Hewitt on 01872 247025 or via email th@miller-commercial.co.uk or
Tom Duncan at Alder King – 01872 227005
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.