The premises are situated in a prominent position within Market Jew Street; opposite Albert Street and at the junction with Adelaide Street. It is configured such that the access to the residential upper parts are located on Adelaide Street itself.
The premises are situated within close proximity of Penzance railway station, bus terminus and Wharfside car park.
An end of terrace/corner property comprising a ground floor retail unit with basement storage together with residential accommodation above. The upper parts are currently un-occupied pending refurbishment and reconfiguration. Planning consent exists for the creation of a 3 bedroomed dwelling which would incorporate ground floor study/additional bedroom together with WC, kitchen/diner and lounge at first floor level together with 3 bedrooms and bathroom at 2nd floor level.
Alternatively the premises could remain as configured.
The building benefits from views down Albert Street across Penzance Bay towards St Michael’s Mount.
Ground Floor- Net retail area 17.4 sq m (187 sq ft)
Basement – 12.3 sq m (132 sq ft) plus WC and small kitchenette
Entrance to lobby with staircase to first floor, Rear Office 4.4m x 3.34m max
First Floor – Landing to Lounge, 4.84m x 5.57m max plus bay window, Kitchen 2.92m x 2.80m
Second Floor – Bedroom 1: 3.5m x 5.11m (max) plus bay window and built in cupboard; Bedroom 2: 5.5m max x 2.36m; Bathroom incl. Bath, WC and hand basin.
Floor Plans – available upon request
Planning consent exists under PA 15/07950 for change of use of the ground floor and first floor from office to residential and reinstatement of ground floor window on the west elevation retention of shop use ground floor and basement of 42. Works have commenced in relation to the ground floor through separating part of the commercial space. The works to the rear part (now known as 61 Adelaide Street) have yet to be concluded. Detailed plans are available upon request.
The premises are available on a freehold basis however the ground floor and lower ground floor are currently owned under a Self Invested Pension Plan on a long leasehold basis. The long leasehold interest could be surrendered prior to disposal; alternatively the premises could be sold off in the separate parts should the purchaser wish to include the commercial element within a personal pension.
The ground floor and basement are let under a 10 year lease from August 2015 at an annual rental of £6,000 per annum exclusive payable quarterly in advance. The lease provides for a rent review in July 2020.
Each party to bear their own.
General Enquiries 0300-1234-100
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
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 Non Domestic Energy Performance Rating for the ground floor of the property is within Band F. An energy performance certificate has been applied for in respect of the residential element.
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 or
Joint Agents – Marshall’s Estate Agents, 6 Greenmarket, Penzance TR18 2SG FAO Paul Fletcher Tel 01736 360203 email@example.com
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.