Padstow

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INDUSTRIAL UNIT/WORKSHOP TO LET - UNIT 5C1-5C3 TRECERUS INDUSTRIAL ESTATE, PADSTOW

Assignment of existing 12 year lease starting 1st November 2017 at a commencing rent of £11,500 pa.

Modern two storey building comprising a terrace of three interlinking industrial units. Units 5C1 and 5C3 have both roller shutter doors and personnel doors. The middle unit has a trade counter and retail window.

LOCATION:
Padstow lies on the north coast of Cornwall on the western side of the Camel Estuary approximately 7 miles west of Wadebridge. The town is popular with day visitors during the holiday season due to its interesting range of shops, its reputation for restaurants, more particularly Rick Stein’s restaurant, together with features such as the harbour, ferry to Rock and the Camel Trail cycle path to Wadebridge and Bodmin. Whilst Padstow’s resident population is approaching 7,000 persons, its catchment during the holiday season is significantly more, benefiting from a large influx of tourists both from the immediate vicinity as well as Newquay.

SITUATION:
The unit is situated on the popular Trecerus Industrial Estate which is a few miles outside the busy holiday resort of Padstow. The site is situated on the northern boundary of the estate with a rear rural aspect and a number of new units in close proximity.

DESCRIPTION:
This modern two storey building comprises a terrace of three interlinking industrial units. Units 5C1 and 5C3 have both roller shutter and personnel doors. The middle unit has a trade counter and retail window. There is an external metal staircase at the rear of the property providing access to the first floor stores and offices. There is a separate WC located at the rear of the premises along with secure compound storage to the side.

ACCOMMODATION: (All dimensions and areas are approximate)

Unit 5C1 – 5C3
Ground Floor
Total area 81.6m² (878ft²)

First Floor
Total area 85.9m² (924ft²)

LEASE TERMS:
The premises are available by way of an assignment of the existing 12 year lease starting 1st November 2017 at a commencing rent of £11,500 per annum. The lease is full repairing and insuring subject to a photographic schedule of condition. There is a rent review on the 1st November 2020 and every fifth anniversary of that date. There is a break clause on the 31st October 2023.

RENT:
£11,500 per annum.

RATES:
Rateable value - £5,800 (2017 List) - Occupiers can therefore potentially qualify for small business rate relief subject to eligibility.

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.

COSTS:
The ingoing Assignee to be responsible for the Assignor’s and Landlord’s reasonable legal fees for dealing with the assignment.

SERVICES:
We understand that the property is connected to mains electricity, including three phase, gas, water and drainage.

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 Jo Counter.

ENERGY EFFICIENCY RATING C:

THIS PROPERTY HAS A RATING OF 71
Certificate Reference Number: 0321-2824-9130-0200-7013
Property Reference Number: 0220-7223-0490-4011-8014

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