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RETAIL UNIT TO LET - UNIT 1, NEW BUSINESS UNITS, SOUTH QUAY, PADSTOW PL28 8BL
New FRI lease outside the Landlord and Tenant Act with NO security of tenure - Rent £50,000 pa |
Retail unit located with the South Quay retail complex adjoining Rick Stein Cookery School benefiting from double window frontage and large entrance door fronting the main walkway to the town centre from one of the main car parks.
LOCATION:
Padstow lies on the north coast of Cornwall on the western side of the Camel Estuary approximately 7 miles west of Wadebridge. The town has a resident population of 2,993 (2011 Census). The town is popular with day visitors during the holiday season due to its interesting range of shops, its reputation for restaurants, more particularly Rick Stein’s and Paul Ainsworth’s restaurants, together with features such as the harbour, ferry to Rock and the Camel Trail cycle path to Wadebridge and Bodmin. It is one of the busiest holiday destinations in the Country.
SITUATION:
The property is located within the South Quay retail complex, being the only unit not occupied by the Rick Stein enterprise. The remaining premises comprise Stein’s Cookery School, Fish and Chip Shop/Seafood Bar along with the Deli. Set within the Railway Car Park, being one of the main car parks servicing the town, and at the start/end of the Camel Trail the property benefits from significant footfall throughout the year but more particularly during the holiday season. Other occupiers within the vicinity include cafe, museums and industrial units.
DESCRIPTION:
The retail unit benefits from double window frontage and a large entrance door fronting the main walkway to the town from the car park. The ground floor comprises open plan sales with the benefit of significant first floor storage served by a side loading bay and gantry.
The premises are well suited to retail and leisure use and consideration would be given to allowing a food-related business.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Sales 96.0 m² (1,033 ft²)
First Floor
Storage and Offices 138.5 m² (1,490 ft²)
Toilet facilities
LEASE TERMS:
The property is offered by means of a new lease, outside the Landlord and Tenant Act with NO security of tenure, on full repairing and insuring terms. The length of the lease is negotiable.
RENT:
£50,000 per annum.
PREMIUM:
This unique opportunity to take a large retail unit in Padstow rarely arises. In return for premium offers consideration would be given to granting a lease inside the Act with security of tenure.
RATES:
Rateable Value – 1st April 2023 - £18,500
For further details on rates payable contact Cornwall Council on 0300 123 4171.
VAT:
We understand that an election to tax has been made so therefore VAT will be payable on the rent.
COSTS:
The ingoing tenant to be responsible for the Landlord’s legal fees incurred in the preparation and execution of the lease.
SERVICES
Mains electricity, metered water and drainage are connected. We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.
MONEY LAUNDERING REGULATIONS
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients and prospective tenants/purchasers that are conducting property transactions through the Company.
ENERGY EFFICIENCY RATING
THIS PROPERTY HAS A RATING OF B (49)
Certificate Reference Numbers: 2848-9701-0102-0186-0016
Property Reference Number: 4452-2530-3444-7197-2467
VIEWING:
By appointment with Charterwood on (01872) 261216. Contact Chris Waters or Rosie Brenton.
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