Royal Institution of Chartered Surveyors

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Penzance

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MIXED RETAIL & RESIDENTIAL DEVELOPMENT SITE FOR SALE - 40/42 CAUSEWAYHEAD, PENZANCE TR18 2SN

MIXED RETAIL & RESIDENTIAL DEVELOPMENT SITE FOR SALE - 40/42 CAUSEWAYHEAD, PENZANCE TR18 2SN
Offers in the region of 275,000.

Ref: 1999
  

Mixed retail and residential development site for sale situated at the northern end of Causewayhead, a busy pedestrianised street which leads to the main town centre.

LOCATION:
Penzance lies at the western end of the Cornish peninsula facing on to Mounts Bay on the south coast of Cornwall. The town is the principal retailing centre in the district previously known as Penwith and is a relatively busy commercial centre accommodating the Council offices and Magistrates Courts. Communications from Penzance are good with a direct link on to the A30 which forms the arterial road into and out of the County, linking with the M5 at Exeter. The town also has an Intercity Railway station providing a regular service to Paddington, London.

SITUATION:
The property is situated at the northern end of Causewayhead a busy pedestrianised retailing street which leads to the main town centre including Market Jew Street and Market Place. Causewayhead is a popular trading location, particularly during summer months, and has attracted a mixture of regional and local traders interspersed with national outlets with occupiers including Tui Travel Agents, Rowes Bakery, Subway and HSBC Bank Plc. Almost opposite the premises is a busy short stay car park.

DESCRIPTION:
The substantial building was originally three separate properties which over the years have been combined to create a small retail outlet and large bakery. There are three inner terrace units and offer a development opportunity to create up to three individual shops with living accommodation above. A pre-application has been submitted for conversion into 4 residential units and 1 commercial unit. At present the first-floor accommodation is ancillary storage and offices with a section being straddled and accessed across the flat roof section.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor

Shop 1
Shop width 3.40m
Shop depth 6.25m
Total sales area 20.7m (223 ft)
Retail area ITZA 20.5m (221 ft)
Bakers/Shop 1
Shop width 4.00m
Shop depth 7.40m
Total sales area 37.4m (402 ft)
Retail area ITZA 32.6m (351 ft)

Store/Shop 3
Shop width 3.50m
Shop depth 3.10m
Total sales area 11.7m (126 ft)
Retail area ITZA 11.7m (126 ft)

To the rear is situated a staircase leading to first floor accommodation.

Rear Bakery Accommodation
Main Bakery 95.60m (1029 ft)
Storage/Cold room 9.60m (103 ft)
Store 7.30m (79 ft)
Wash up 8.80m (95 ft)

Outside Store 3.30m (36 ft)

First Floor

Storerooms over Shop 1
Store 10.0m (108 ft)
Store 7.60m (82 ft)
Store 4.20m (45ft)

Toilet facilities two separate toilets incorporating WC and wash hand basin.

Storerooms over Shop 3
Store 14.0m (151 ft) low height ceiling and no natural light
Store 31.5m (339 ft)
Store 14.3m (154 ft) low height ceiling and no natural light

Roof Store
Access across the roof 16.5m (178 ft)


RATES:
Rateable Value 9,600 (2017 list)

Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: 0300 1234171.

TENURE:
The property is offered freehold with vacant possession.

SALE PRICE:
Offers in the region of 275,000.

VAT:
We understand that the property is not registered for VAT.

COSTS:
Each party to be responsible for their own legal fees.

SERVICES:
We understand that mains metered water, electricity and drainage are connected to the premises. We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.

PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.

MONEY LAUNDERING REGULATIONS:
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients that are conducting property transactions through the Company.

VIEWING:
Strictly by appointment with Sole Agent Charterwood on (01872) 261216. Contact Chris Waters or Jo Counter.

ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS AN EPC RATING OF 91 (BAND D)
Certificate Reference Number:2320-3018-0404-0100-9125
Report Reference Number: 0930-0140-2442-0128-1006

    Print These Details     All Penzance Properties     Back to Listing





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www.charterwood.com
17a River Street - Truro - Cornwall - UK - TR1 2SQ
Tel: 01872 261216
Fax: 01872 261359