COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY WITH BUILDING PLOT TO REAR - GOLDMARTIN SQUARE, MAWNAN SMITH, FALMOUTH TR11 5EP - Falmouth - Cornwall

LOCATION:
Mawnan Smith lies approximately three miles south of Falmouth and is a popular residential area lying close to the Helford River, with parts of the village overlooking Falmouth Bay to the east. The village has a Post Office, convenience store, public house, County Primary School, Doctor’s surgery, vehicle repair garage and a small range of shops.

SITUATION:
The property is situated right in the centre of this highly sought after village and faces onto Goldmartin Square which comprises seven commercial properties surrounding a central parking area accessed off Carwinnion Road. The neighbouring occupiers include Cornwall Hospice Care charity shop, Cornish Maid Café a hairdresser, gift shop and restaurant.

DESCRIPTION:
The property comprises a two storey detached dormer building consisting of a shop premises at ground floor level accessed from Goldmartin Square car park and a first floor self-contained flat accessed from the rear via a private driveway to the side of the building. The shop is currently being used by a holiday letting business with staff facilities and store room to the rear. The residential flat comprises three bedrooms, bathroom with wash hand basin, separate toilet, kitchen and living room. A garden and garage are situated at the rear of the premises. There is also a building plot to the rear of the property with planning permission for construction of a detached house.

ACCOMMODATION: (All dimensions and areas are approximate)

Shop

Sales/Office/Kitchen 58.46m² (629ft²)
Store 8.75m² ( 94ft²)
WC

Flat

Lounge 5.17m x 2.97m (max) 14.73m² (158 ft²)
Kitchen 2.45m x 4.07m 9.97m² (107 ft²)
Bedroom 1 3.00m x 3.54m 10.62m² (114 ft²)
Bedroom 2 2.48m x 4.22m 9.84m² (106 ft²)
Bedroom 3 2.46m x 3.10m 7.63m² ( 82 ft²)
Bathroom 2.06m x 1.66m 3.42m² ( 37 ft²)
Cupboard 0.61m x 2.06m 1.26m² ( 14 ft²)
Separate WC

LEASE DETAILS:
The ground floor shop is let on a nine year lease from 31st August 2012 subject to three yearly reviews. The current rent set on 1st January 2017 is £8,000 per annum. The first floor flat is held on an Assured Shorthold Tenancy at £695 per month.

BUILDING PLOT:
Planning permission was granted on 15th April 2019 for the construction of a detached two bedroomed cottage to the rear of ‘Goldmartin House’ under planning reference PA18/08511. The Community Infrastructure Levy payable on commencement of the development will be £7,716.

PURCHASE PRICE:
£410,000

RATES:
The ground floor shop has a Rateable Value of £6,600 (2017 List).

Enquiries regarding rates payable should be made with Cornwall Council – 0300 1234171.

COUNCIL TAX:
The first floor flat is assessed for Council Tax purposes as lying within Band B.

VAT:
All figures quoted are exclusive of VAT where applicable

COSTS:
Each party to bear their own legal fees.

SERVICES:
We understand the property has mains water, electricity and drainage and night storage heating. The commercial shop, flat and garage are all separately metered. We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.

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 obliged to verify ID for all clients that are conducting property transactions through the Company.

VIEWING:
By appointment with Charterwood on (01872) 261216. Contact Stuart Sly or Jo Counter.

ENERGY EFFICIENCY RATING E: - SHOP/OFFICE
THIS PROPERTY HAS A RATING OF 123
Certificate Reference Number: 0980-1984-0382-7310-4004
Report Reference Number: 9438-6074-7278-0212-0924

ENERGY EFFICIENCY RATING D: - FLAT
THIS PROPERTY HAS A RATING OF 65
Certificate Reference Number: 8796-2905-8429-9497-5933