The property is located in one of the most sought after locations in Falmouth. At the junction of Webber Street and the High Street, the property is moments from the well known restaurants of Olivers, The Star & Garter and The Cave as well as Stone’s Bakery and Old Brewery Yard; well known as the creative heart of Falmouth. Additionally, along the High Street and Market Strand are a number of independent bars, pubs and artisan coffee shops & retailers.
The property comprises a prominent and easily visible ground floor retail unit, which benefits from return frontage onto Webber Street and the High Street. The property benefits from large windows to both elevations and the unit provides for a storage area at the rear with kitchenette and WC.
Schedule Of Accommodation
Retail Net Internal Area 575 sq ft (53.4 sq m).
The retail unit is currently let to a local covenant on a seven year term with five year break from November 2019 on a stepped rental excluding VAT of:
Year 1 £10,000 pax
Year 2 £11,000 pax
Year 3 £12,500 pax
Year 4 £14,0000 pax
Year 5 onwards £15,000 pax
We understand there is a ground rent payable to the freeholder of £25 per annum from the residential flat above who also form part of the whole building and have been sold off on a long leasehold.
The Energy Performance Certificate for this property is C (70).
We understand the property has a rateable value of £13,500. As such, small businesses operating out of one business premises only should benefit from 50% relief on the rates payable. We therefore estimate rates payable to be approximately £3,300 per annum. However, do not rely on this information and please make your own enquiries with the local authority.
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989 South West Water: 0800 1691144 Transco: 0800 111 999
All the above prices/rentals are quoted exclusive of VAT. Please note we understand from the Landlord that this property is registered for VAT and therefore this will be added to the rent.
For further information or an appointment to view please contact Sole Agents, Miller Commercial:
Thomas Smith on 01872 247013 or via email email@example.com or
Will Duckworth on 01872 247034 or via email firstname.lastname@example.org
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.