Newquay

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RETAIL UNIT - TO LET - 40 BANK STREET, NEWQUAY TR7 1AX

New FRI lease for a term to be agreed - Rent £27,500 per annum

Retail unit situated at the corner of Bank Street and Cheltenham Place and comprising end of terrace building arranged on three floors.

LOCATION:
Newquay is located on the North Cornwall coast and is one of the most popular holiday resorts and surfing centres within the Country. The town has a resident population of 20,342 (2011 Census) which increases significantly during the tourist season. A large amount of residential development on the edge of the town is also underway which will increase the resident population. The town has a good range of national, regional and local retailers, banks, restaurants and public houses.

SITUATION:
The property is situated at the corner of Bank Street and Cheltenham Place at the edge of the pedestrianised section of Bank Street. The property occupies a prime retailing position and nearby occupiers include Costa Coffee, Specsavers, Superdry Clothing and W H Smith.

DESCRIPTION:
The property comprises an end of terrace building arranged on three floors. The ground floor has a shop front facing Bank Street and a return frontage onto Cheltenham Place. The ground floor comprises a retail unit with a raised sales area to the rear and a small ground floor store. The first floor comprises a storage area, kitchen/staff room and toilet. The second floor comprises four rooms and a toilet.

ACCOMMODATION: (all dimensions and areas are approximate)
Ground Floor
Internal width 6.30 m
Shop depth 13.10 m
Sales area 72.68 m²
Store 11.06 m²

First Floor
Store/staff 65.52 m²
WC

Second Floor
Stores 55.76 m²
WC

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

RENT:
£27,500 per annum.

RATES:
Rateable Value - £31,500 (2017 List)

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

SERVICES:
We understand the property is connected to mains water, mains electricity and mains drainage. Ceiling mounted air conditioning units are fitted in the ground floor shop. A fire alarm is fitted. We have not tested the services connected to the property and the ingoing tenant should carry out their own inspections.

LEGAL COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease.

ENERGY PREFORMANCE CERTIFICATE:
THIS PROPERTY HAS A RATING OF 75
Certificate Reference Number: 0270-1927-0378-1110-6010
Report Reference Number: 9111-4017-0287-0600-1721

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

VIEWING:
By appointment through sole agent Charterwood on (01872) 261216.
Contact Stuart Sly or Rosie Brenton.

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