FREEHOLD FOR SALE EITHER AS INVESTMENT OR IMMEDIATE DEVELOPMENT OPPORTUNITY - 64 MORRAB ROAD/17 NORTH PARADE, PENZANCE, TR18 2QT - Penzance - Cornwall

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 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 Grade II Listed 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.

It should be possible for immediate vacant possession if required.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground floor
Reception 18.8 m² (202 ft²)
Storeroom 5.2 m² (56 ft²)
Office 7.6 m² (82 ft²)

First Floor
Front office with ornate fireplace and character bay window 13.23 m² (142 ft²)
Rear office with ornate fireplace 9.99 m² (108 ft²)
Kitchen/WC/WHB 5.98 m² (64 ft²)

Second Floor
Office with ornate fireplace 9.75 m² (105 ft²)
Office with fireplace 15.5 m² (167 ft²)

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.

Immediate vacant possession available if required.

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 117 Band E

Certificate Reference Number: 7400-9473-1455-6311-6192
Report Reference Number: 7054-0849-1752-3305-5114

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