RETAIL UNIT TO LET - 47 MARKET JEW STREET
Available immediately on a new FRI lease, term to be agreed
The premises comprises an open plan ground floor retail unit with ancillary office, stores and kitchenette
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 lies at the eastern end of Market Jew Street, in a prominent position close to the junction with Albert Street. The bus stop, railway station and harbourside pay and display carpark are all in close proximity.
The ground floor property offers extensive accommodation comprising large open plan sales area, small office and mezzanine kitchenette and toilet facility. of a ground floor retail unit.
ACCOMMODATION: (All dimensions and areas are approximate)
Net internal width 3.59m Widening to 4.47m
Shop depth 19.88m
Sales area 73.72m² (793ft²)
Office/Store 4.46m² ( 48ft²)
Kitchen 4.28m² ( 46ft²)
Store 3.71m² ( 40ft²)
The property currently has a rateable value of £13,500 (2017 list) which includes the adjoining shop. The property is in the process of being rated separately by the Council, which should take effect from 19 November 2021 and reduce the rateable value accordingly to a level qualifying for more business rates relief.
Cornwall Council are the charging authority and enquiries regarding the rates payable should be made with them - Tel: 0300 1234171.
The property Is available for negotiable term of years, on proportional full repairing and insuring terms at an asking rent of £7,500 per annum.
We understand that the property is not registered for VAT. And therefore no VAT will be payable on the rent.
The tenant to contribute to the landlord’s reasonable legal costs.
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.
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 EFFICIENCY RATING:
Certificate Reference Number: 0660-0231-7609-7126-9002
Report Reference Number: 0997-2267-0140-6600-6103
By appointment through Charterwood on (01872) 261216. Contact Chris Waters or Rosie Brenton.
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