Royal Institution of Chartered Surveyors

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Falmouth

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PRIME SHOP TO LET/FOR SALE - 1 MARKET STREET, FALMOUTH, CORNWALL TR11 3AD

PRIME SHOP TO LET/FOR SALE - 1 MARKET STREET, FALMOUTH, CORNWALL TR11 3AD
Property is available on new FRI lease for a term to be agreed - Rent 16,000 pa plus VAT.

Ref: 2589
  

Situated in a prime retailing location close to the Prince of Wales Pier. Ground floor shop Grade II listed with rear area plus residential maisonette. Available To Let or for sale.

LOCATION:
Falmouth is one of the Countys leading holiday resorts with an increasingly long season, encouraged by several quality marina developments together with the National Maritime Museum. The town has a resident population of around 32,500 persons which increases considerably during the summer months. The town also has a significant student population with the main hub site for the Combined University of Cornwall located in the neighbouring town of Penryn accommodating 5,000 students.

The town has a good mix of independent and national retailers including Boots, W H Smith and Wilko and niche retailers such as Seasalt and Joules.

SITUATION:
The property is situated in a prime retailing location close to the Prince of Wales Pier which is the main hub for pleasure boat trips around Falmouth Harbour and Falmouth Bay.

Market Street is a pedestrian priority thoroughfare occupied primarily by multiple retailers. Nearby occupiers include Superdry, Superdrug, Rowes Bakers and Rieker Shoes.

DESCRIPTION:
The building is arranged on three floors plus an attic and comprises a mid-terraced building with an L shaped layout with the rear of the property sweeping around the back of 2/3 Market Street.

The ground floor shop has a fully glazed shop front incorporating double entrance doors. The sales area leads into a rear area. Internal stairs lead to the first and second floors used as residential accommodation. The first floor provides a lounge/dining room, storeroom and study. The second floor provides a bedroom, dressing room, kitchen and bathroom.

ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Net internal width 4.44 m
Shop depth 5.34 m
Sales area 23.71 m (255 ft)
Rear area 21.53 m (232 ft)
Total 45.24 m (487 ft)

First Floor
Lounge/dining room 31.54 m (339 ft)
Store 10.09 m (109 ft)
Study 5.95 m (64 ft)
Total 47.58 m (512 ft)

Second Floor
Bedroom 23.24 m (250 ft)
Dressing room 4.93 m (53 ft)
Kitchen 9.18 m (99 ft)
Bathroom 5.82 m (63 ft)
Total 43.17 m (465 ft)

NEW LEASE:
The property is available on a new full repairing and insuring lease for a term to be agreed.

RENT:
16,000 per annum plus VAT payable quarterly in advance.

RENT DEPOSIT:
A three-month rent deposit will be payable.

FREEHOLD:
Alternatively, the property is available freehold and offered with vacant possession. Offers are invited in excess of 275,000 plus VAT.

BUSINESS RATES/COUNCIL TAX:
Ground floor Rateable Value: 13,250
First/second floor Council Tax Band B

VAT:
All figures quoted are exclusive of VAT.

COSTS:
On a leasehold transaction the ingoing tenant will be responsible for the landlords reasonable costs incurred in the preparation and execution of the lease.

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

PLANNING:
The property is a Listed Building and lies within the Falmouth Conservation Area. 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 obliged to verify ID for all parties that are conducting property transactions through the Company.

ENERGY EFFICIENCY RATING:

The property has an Energy Performance Asset Rating of 80 lying within Band D.

Certificate Reference Number: 5747-1073-0990-5586-1431
Report Reference Number: 1350-9442-7090-8487-1481

VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Stuart Sly stuart@charterwood.com
or Rosie Brenton rosie@charterwood.com

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