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RETAIL/OFFICE PREMISES - TO LET - 12 ARWENACK STREET, FALMOUTH TR11 3JD
Entire property is available on a new FRI lease at a rent of £16,500 per annum. |
Retail/Office premises to let. The property is arranged on three floors and lies at the northern end of Arwenack Street, close to the junction with Church Street in a good secondary trading location.
LOCATION:
Falmouth is a coastal town situated approximately 12 miles south west of Truro and is famous for its extensive natural amenities which include the harbour and surrounding beaches. The town has a strong maritime history and is a very popular venue for yachting and dinghy racing events. Falmouth is one of the county’s leading holiday resorts with a resident population of around 28,000 persons which increases considerably during the summer months.
SITUATION:
The property lies at the northern end of Arwenack Street, close to the junction with Church Street, in a good secondary trading location. Arwenack Street and the adjacent Church Street are occupied by a mixture of local independent retailers, restaurant/cafes and estate agents. Nearby occupiers include the Beside the Wave Gallery and Willow and Stone.
DESCRIPTION:
The property is arranged on three floors. The ground floor shop has a glazed display window and is fitted out internally with a suspended ceiling with inset fluorescent lighting. A kitchenette, store/staff room and toilet lie to the rear.
The upper floors are capable of being separately accessed via a side door. The first floor comprises three offices and three storerooms whilst the second floor comprises four offices, a kitchenette and male toilets. The upper floor offices have been tastefully refurbished with Category II fluorescent lighting, electric heating but have retained some of the period features within the building.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground floor
Retail area 18.31 m² (197 ft²)
Rear office/kitchen 14.54 m² (156 ft²)
WC
Total 32.85 m² (353 ft²)
First floor
Office 1 19.29 m² (208 ft²)
Office 2 15.61 m² (168 ft²)
Office 3 14.34 m² (154 ft²)
Middle storeroom 4.37 m² (47 ft²)
Rear storerooms 22.61 m² (243 ft²)
Total 76.22 m² (820 ft²)
Second floor
Office 4 15.71 m² (169 ft²)
Office 5 15.61 m² (168 ft²)
Office 6 10.50 m² (113 ft²)
Office 7 14.66 m² (158 ft²)
Kitchen 6.77 m² (73 ft²)
Store 2.24 m² (24 ft²)
WC
Total 65.49 m² (705 ft²)
NEW LEASE:
The entire property is available on a new full repairing and insuring lease at a rent of £16,500 per annum.
Alternatively, the ground floor shop and rear ground floor store is available on a proportional full repairing lease at £8,000 per annum. The first and second floor office suite is available on a proportional full repairing and insuring lease at a rent of £10,000 per annum.
BUSINESS RATES:
The entire premises are currently assessed as a “Shop and Premises” with a Rateable Value of £10,250. Subject to eligibility the property qualifies for Small Business Rate Relief. If the property were sub-divided the property would need to be re-assessed for rating purposes.
Enquiries regarding the rates payable should be made with Cornwall Council – Tel: 0300 1234 4100.
VAT:
We understand that the property is not registered for VAT.
LEGAL FEES:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease.
SERVICES:
We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.
PLANNING:
The property lies within the Falmouth Conservation Area and is a Grade II Listed Building. Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.
ENERGY EFFICIENCY RATING: BAND D (95)
THIS PROPERTY HAS A RATING OF 95
Certificate Reference Number:0454-3247-1641-2552-2785
Report Reference Number:4446-4705-9758-4242-1101
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:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Stuart Sly – stuart@charterwood.com
or Jo Counter – jo@charterwood.com
or Joint Agents – SBC Property – 01872 277397
Contact Barney Peters – barney@sbcproperty.com
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