Falmouth

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PROMINENTLY LOCATED RETAIL UNIT TO LET - 2/3 MARKET STREET

Offered on a new 10 year FRI lease

The premises comprises a ground floor retail shop benefiting from a large glazed shop front leading into an open plan sales area with a store/kitchenette area and WC to the rear.

LOCATION:
Falmouth is one of the County’s leading holiday resorts with an increasingly long season, situated approximately 12 miles south west of Truro. The town has a resident population of around 28,000 persons which increases considerably during the summer months, partly due to its strong maritime history which makes Falmouth a very popular venue for yachting and dinghy racing events. 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 Falmouth For Business website reports Falmouth to have the lowest empty retail unit rate, at 6%, throughout the South West. 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 Street which comprises the town’s prime retail location. The premises are prominently positioned at the commencement of Market Street with nearby occupiers including Marks and Spencer, Rowes Bakery, Tesco Metro and the Prince of Wales Pier, all of which ensures year-round tourist activity in the vicinity. Public car parking is available nearby.

DESCRIPTION:
The premises comprises a ground floor retail shop benefiting from a large glazed shop front leading into an open plan sales area with a store/kitchenette area and WC to the rear.

SERVICES:
We understand that mains electricity, water and drainage are connected.
We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

ACCOMMODATION: (All dimensions and areas are approximate)

Maximum shop width 7.74m
Shop depth 8.12m
Sales area 56.11m² (604 ft²)
Store 3.25m² ( 35 ft²)
WC

LEASE:
The premises are offered on a new lease, the salient points of which are as follows:
Term: 10 years
Review: 3 yearly upward only to market value
Repair: Proportional full repairing and insuring
Use: A1 retail

RATES:
Rateable Value - £29,500 (2010 List)
Enquiries regarding rates payable should be made with Cornwall Council –
0300 1234171.

VAT:
VAT is applicable to all payments under the lease.

LEGAL COSTS:
The ingoing tenant will be responsible for the landlord’s reasonably incurred legal costs incurred with this transaction.

VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216. Contact Stuart Sly or Chris Waters. Alternatively arrangements may be made through joint agent, Scott Burridge Commercial, telephone 01872 277397.

ENERGY EFFICIENCY RATING:
Certificate Reference Number: 9966-3021-0326-0400-9695
Report Reference Number: 0990-0442-6369-6291-6006

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