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TO LET - CENTRALLY LOCATED THREE STOREY SHOP UNIT - 8 MARKET STRAND
Assignment of existing 9 year lease, expiring October 2018, The passing rent is £20,000 per annum. |
Situated on a corner position, offering an excellent rounded return frontage, and comprises open plan retail accommodation at ground and first floors levels.
LOCATION:
Falmouth is one of the County’s leading holiday resorts with an increasingly long season. The town has a resident population of around 28,000 persons which increases considerably during the summer months. The area also has a significant student population with the main hub site for the Combined University of Cornwall located in the neighbouring town of Penryn accommodating 5,000 students.
The town has a good mix of independent and national retailers including Marks and Spencer and niche retailers such as Henri Lloyd and Seasalt.
SITUATION:
The property is located on Market Strand which comprises a mix of users including retailers, cafes, public houses and fast food outlets. The property benefits from being in close proximity to Tesco and the Prince of Wales Pier which ensures all year round tourist activity in this area. Public car parking is available nearby.
DESCRIPTION:
The property is situated on a corner position, offering an excellent rounded return frontage, and comprises open plan retail accommodation at ground and first floors levels. Additional storage is available at second floor level while staff facilities are located on the ground floor.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Net internal width 10.67m (max)
Shop depth 16.18m
Sales area 57.24m² (616 ft²)
Staffroom 12.64m² (136 ft²)
WC
First Floor
Sales area 35.13m² (378 ft²)
Second Floor
Storage 41.17m² (443 ft²)
LEASE:
The premises are available by way of an assignment of the 9 year existing lease, expiring October 2018, on full repairing and insuring terms.
RENT:
The passing rent is £20,000 per annum.
RATES:
Rateable Value - £23,750.
Enquiries regarding rates payable should be made with Cornwall Council – 0300 1234171.
VAT:
We understand the property is not registered for VAT.
COSTS:
The ingoing assignee will be responsible for the assignor’s reasonable costs incurred in the preparation and execution of the legal documentation.
SERVICES:
We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.
PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.
VIEWING:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.
Contact Stuart Sly or Helen Fussey.
ENERGY EFFICIENCY RATING:
Certificate Reference Number: 0179-3071-0918-0900-9701
Report Reference Number: 0910-0941-7980-9701-7002
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