GRADE II LISTED BUILDING RETAIL INVESTMENT PROPERTY FOR SALE IN PRIME LOCATION 8 FORE STREET, FOWEY, PL23 1AQ - Fowey - Cornwall

LOCATION:
Fowey is regarded as one of the most attractive of Cornwall’s waterside towns, situated on the South Cornish coast. The natural harbour is a popular destination for visiting yachtsmen, as well as holidaying tourists, and remains a busy working commercial port, including for visiting cruise ships. The town provides a wide range of shops and businesses catering for both the tourist market and day to day needs, as well as restaurants, boutique hotels and public houses, with primary and secondary schools, a cottage hospital and leisure centre all in close proximity to the town centre. The immediate area is surrounded by many miles of delightful coast and countryside, much of which is in the ownership of the National Trust. Nearby local attractions include the world renowned Eden Project, Lanhydrock House and the Lost Gardens of Heligan.

Larger nearby towns include St Austell and Bodmin and there are good road and rail links with easy access to the A38 and A30 and mainline railway connections available at Par, 4 miles to the west, or at St Austell, approximately 8 miles away.

SITUATION:
The property is located in the centre of Fowey on Fore Street, the main retail area, and a short distance away from the Town Quay and waterfront. Nearby properties include several retail chains such as Boots, Brocante, Quba and Co, Jo Downs, along with local character restaurants and cafes and holiday accommodation.

DESCRIPTION:
This Grade II Listed retail unit offers prominent window frontage and entrance onto the main sales floor. A display box is positioned on the side elevation, providing further visibility. To the rear, there is a kitchenette which could be repurposed for additional retail use, along with a toilet facility. A storage room is located on the first floor.

ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Total sales area – potentially 64.6m² (695ft²)
Store 4.6m² ( 49ft²)

First Floor Store
Store 18.9m² (203ft²)

LEASE DETAILS
The property is occupied by Saltrock Surfwear Limited for a 5 year term commencing 9th April 2024 with 3 year rent reviews, 3 year tenant break clause and full repairing and insuring terms. The rent is £30,000 per annum.

PRICE:
Offers are sought in the region of £425,000 (Four Hundred and Twenty-Five Thousand Pounds) for the freehold interest, subject to the occupational lease to Saltrock.

BUSINESS RATES:
The property has a Rateable Value effective from the 1st April 2023 of £28,000 and is described as a “Shop and Premises”.

For further information regarding rates payable and eligibility for small business relief contact Cornwall Council.
Tel: 0300 1234171.
.
VAT:
The property is not registered for VAT, therefore will be no VAT payable on the sale price.

PLANNING:
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that
consent exists for the proposed use.

LEGAL COSTS:
Each party to be responsible for their own legal fees in the transaction.

VIEWING:
By appointment with Charterwood on (01872) 261216. Contact Chris Waters or Rosie Brenton.

ENERGY EFFICIENCY RATING: To be confirmed.

The Agents have not tested any apparatus, equipment, fixtures and fitting or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor and Surveyor. References to the tenure of the property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

CHARTERWOOD for themselves and for the Vendors or Lessors of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer of contract;
2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and intending purchasers or tenants should not rely upon them as statement or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
3. We have not tested the services nor fixtures and fittings. It will be the responsibility of potential purchasers to satisfy themselves as to their condition.
4. No person in the employment of Charterwood has any authority to make or give