PROMINENT SHOP PREMISES WITH DEVELOPMENT POTENTIAL FOR SALE - 8-9 CAUSEWAYHEAD, PENZANCE TR18 2SN
Offers in excess of £300,000.
Well presented extensive character property arranged on four floors comprising double fronted ground floor shop, being originally two separate units. The property offers development potential for commercial, residential or mixture, subject to planning.
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.
The property is situated in the prime retail area of Causewayhead, an extremely busy pedestrian area, and is in close proximity to Market Place and Market Jew Street. Causewayhead is a popular trading location, particularly during summer months, and has attracted a mixture of regional and local traders interspersed with national outlets with nearby occupiers including Tui Travel Agents, Rowes Bakery, Subway and HSBC Bank Plc.
An extensive character property arranged on four floors comprising a double fronted ground floor shop, being originally two separate units. Additional sales area and toilet facilities to the rear of the ground floor. A dual staircase leads to the first floor sales area with a mainly open plan layout. The second floor comprises six main rooms which are used as storage rooms with the third floor providing additional storage facilities. The property has been extended at the rear and has access on to the Clarence Street Pay & Display car park. There is a doorway at the rear of the single storey extension leading to a small external yard. The property offers development potential for commercial, residential or mixture, subject to planning.
ACCOMMODATION: (All dimensions and areas are approximate)
Front sales area 139.2m² (1498ft²)
Rear sales area 83.5m² ( 898ft²)
Storage 27.1m² ( 291ft²)
Staff toilet facilities
Sales area 79.5m² ( 855ft²)
Storage 135.2m² (1455ft²)
Storage 39.3m² ( 423ft²)
Rateable Value £28,500 (2017 list)
Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: 0300 1234171.
The property is offered freehold with vacant possession.
However, consideration may be given by the vendor to enter into a short lease agreement, outside the Landlord and Tenant Act, with the purchaser having an option to break at, for example, six months’ notice, at a concessionary rent to be agreed. This would provide the purchaser with a small income stream and protection against empty rates liability whilst development proposals were being clarified or whilst an alternative investment tenant is found.
Offers in excess of £300,000.
We understand that the property is not registered for VAT.
Each party to be responsible for their own legal fees.
We understand that mains metered water, electricity and drainage are connected to the premises. We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.
Strictly by appointment with Sole Agent Charterwood on (01872) 261216. Contact Chris Waters or Jo Counter.
ENERGY EFFICIENCY RATING
The property has an EPC rating of 136 (Band F)
Certificate Reference Number: 0660-0231-7609-7126-9002
Report Reference Number: 0997-2267-0140-6600-6103
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