Penzance

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INDUSTRIAL UNIT FOR SALE (FREEHOLD WITH VACANT POSSESSION) - 11 LONGROCK INDUSTRIAL ESTATE, PENZANCE TR20 8HX

Offers sought in the region of £250,000 for the freehold interest.

Detached industrial unit comprising approximately 2,020 sq ft of accommodation on ground floor with basic mezzanine storage at first floor situated in a prominent corner position. Large front yard including six marked parking spaces.

LOCATION:
Penzance lies at the western end of the Cornish peninsula facing on to Mount’s Bay on the south coast of Cornwall. The town is the principal retail 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 onto 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:
Longrock Industrial Estate is situated east of the main town in close proximity to the A30 main-link road which runs through central Cornwall and, in turn, links to the M5. The Industrial Estate is one of the longest established within the area and is a mix of small local business occupiers as well as large nationals including Bradfords Builders Merchants and Howdens.

There is very little Industrial accommodation available within Longrock or, indeed, the Penzance area with such units highly sought after.

DESCRIPTION:
The detached unit is the first unit within the Industrial Estate situated in a prominent corner position at the junction between Poniou Lane (the main Estate road) and one of the main spear roads. The building has more recently been used for the manufacture and sale of pasties but is suitable for all industrial uses benefiting from large forecourt/parking area and set within landscaped surroundings.

The ground floor offers approximately 187.7 m² (2,020 ft²) of accommodation with standard roller shutter door, full height to eaves, and separate pedestrian doorways. To the rear is a stairwell leading to first floor staff room (16.0 m²) and additional mezzanine storage (23.8 m²).

ACCOMMODATION: (All dimensions and areas are approximate)
Ground floor
Workshop:
Dimensions 13.7 m x 13.7 m
Total GIA 187.7 m² (2,020 ft²) includes toilet facilities.

First floor
Basic mezzanine storage 23.8 m² (256 ft²)
Staff room/office 16.0 m² (172 ft²)

Outside
Large front storage yard including six marked car spaces

SALE PRICE:
The freehold interest in the premises is available with vacant possession with offers sought in the region of £250,000 (Two Hundred and Fifty Thousand Pounds).

LEASE TERMS:
Consideration would be given to the grant of a new lease on flexible full repairing and insuring terms at a rent of £20,000 per annum.

BUSINESS RATES:
The property is assessed as a “Factory and Premises” with a Rateable value - £13,000 (1 April 2023 List).

Subject to necessary qualification the occupier may potentially qualify for significant Small Business Rate Relief.

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

VAT:
All figures quoted are exclusive of VAT where applicable. We understand that no option to tax has been made and therefore VAT is not payable on either the purchase price or rent.

LEGAL COSTS:
In the event of a sale each party to be responsible for their own legal fees in the transaction.

In the event of a new lease being negotiated the tenant to contribute the sum of £1,000 plus VAT towards the landlord’s reasonable legal costs in drawing up the documentation.

SERVICES:
We understand that the property is connected to mains electricity, gas, water and drainage. We understand that there are solar panels on the roof which provide an additional source of electric supply – we would advise that potential purchasers/tenants check the efficiency of the solar panels and services.

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

ENERGY EFFICIENCY RATING:

The property has an EPC of a C (59)


7774-0759-8251-5977-7527
4211-0290-9953-2429-1454

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