Royal Institution of Chartered Surveyors

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Penzance

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FOR SALE WITH INVESTMENT POTENTIAL - 64 MORRAB ROAD/17 NORTH PARADE, PENZANCE, TR18 2QT

FOR SALE WITH INVESTMENT POTENTIAL - 64 MORRAB ROAD/17 NORTH PARADE, PENZANCE, TR18 2QT
Offers sought in the region of 190,000.

Ref: C3149
  

Three-storey office building with development potential situated in a central position at the northern end of Morrab road.

LOCATION:
Penzance lies at the western end of the Cornish peninsula facing on to Mounts Bay on the south coast of Cornwall. The town is the principal retailing 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 on to 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:
The property is situated in a central position at the northern end of Morrab Road located in a popular thoroughfare comprising of residential housing with a short walk to Penlee Park, Morrab Gardens and Penzance town centre. The immediate area has a mixture of retail, office outlets and residential.

DESCRIPTION:
The well-presented building comprises a three-storey office building divided into office suites on each floor. The offices are accessed either by means of shared entrance to the side or self-contained character former residential entrance from the North Parade garden. The building comprises character accommodation with many original features including an immaculate pillared front entrance, two ornate office fireplaces and large bay window providing good natural light. Two toilet and the kitchen facility are situated on the first floor.

Although presently used and occupied as offices, nevertheless the property provides a desirable residential address and would be readily convertible to provide either a single dwelling or first and second floor self-contained maisonette with a smaller ground floor commercial let, subject to planning which, under the new regulations, would be relatively easy to obtain.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground floor
Reception 18.8 m (202 ft)
Storeroom 5.2 m (56 ft)
Office 7.6 m (82 ft)

First Floor
Front office with ornate fireplace and character bay window 13.23 m (142 ft)
Rear office with ornate fireplace 9.99 m (108 ft)
Kitchen/WC/WHB 5.98 m (64 ft)

Second Floor
Office with ornate fireplace 9.75 m (105 ft)
Office with fireplace 15.5 m (167 ft)

INTEREST:
The premises are offered freehold subject to a new three-year lease, outside the Landlord and Tenant Act 1954 with no security of tenure, commencing September 2021. The lease is effectively on full repairing and insuring terms at a rent of 10,000 per annum.

SALE:
Offers sought in the region of 190,000.

VAT:
We understand no election to tax has been made and consequently there will be no VAT payable on the sale price.

RATES:
Rateable Value 7,900 (2017 list).

SERVICES:
We understand the property is connected to mains electricity, water and drainage.

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

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.

ENERGY PERFORMANCE CERTIFICATE:

THIS PROPERTY HAS A RATING OF 133

Certificate Reference Number: 0030-3943-0328-8650-0020
Report Reference Number: 9382-4053-0482-0000-6301

Works are presently in hand in order to improve the banding to allow the renewal of the existing lease to complete. Nevertheless, the present banding would not prevent a sale of the freehold interest of the property.

VIEWING:
Strictly by appointment with Sole Agent Charterwood on (01872) 261216, contact Chris Waters or Rosie Brenton.


    Print These Details     All Penzance Properties     Back to Listing



FOR SALE WITH INVESTMENT POTENTIAL - 64 MORRAB ROAD/17 NORTH PARADE, PENZANCE, TR18 2QT



New Instructions:

Truro
Click Here! Character Grade Ii Listed Prime Retail Premises
To Let
96 Pydar Street, Truro Tr1 2bd


Penzance
Click Here! For Sale With Investment Potential
64 Morrab Road/17 North Parade, Penzance, Tr18 2qt


Bodmin
Click Here! Industrial/office Building With Secure Yard To Let/for Sale
Unit 13 Normandy Way, Walker Lines Industrial Estate, Bodmin


Launceston
Click Here! Grade Ii Listed Retail Unit For Sale/to Let
2 High Street, Launceston Pl15 8er


St Ives
Click Here! Ground Floor Lock Up Shop To Let
11 Market Place, St Ives Tr26 1rz

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