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TO LET RETAIL UNIT EXCELLENT TRADING LOCATION 4 THE STRAND, PADSTOW, PL28 8AJ
A Lease Assignment is offered at £38,000 per annum, subject to review effective from June 2024. |
The property is situated in a prime central location within the Strand which is the main link between the harbour and Market Place.
LOCATION:
Padstow lies on the north coast of Cornwall on the western side of the Camel Estuary, approximately 7 miles west of Wadebridge. The town is popular with day-visitors during the holiday season due to its interesting range of shops, its reputation for restaurants and boutique hotels, particularly those of Rick Stein and Paul Ainsworth, together with features such as the enclosed harbour, the ferry to glamorous Rock, and direct access to the Camel Trail cycle path to Wadebridge and beyond, now extending through to Lanhydrock and Cardinham. Whilst Padstow's resident population is approaching 7,000 persons, its catchment during the holiday season is significantly more, benefiting from a large influx of tourists, both from the immediate vicinity but also from across the whole of Cornwall, and the newly established Pig Hotel at Harlyn only adds to the mix.
SITUATION:
The property has full frontage onto the South Quay of the harbour, being situated in a prime central location within the Strand which is the link between the main car parks, the harbour and the central Market Place. Nearby occupiers include a mix of boutique retail, galleries, restaurants and holiday accommodation.
DESCRIPTION:
Unique opportunity to secure a lease on a character retail premises in an excellent trading location.
The ground floor shop has direct pavement frontage, and internally is open plan layout with rear kitchenette and toilet facility.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground floor
Sales area 46.09 m² (505 ft²)
Kitchenette/Store 3.61 m² (39 ft²)
WC
LEASE TERMS:
The property is offered by means of an assignment of the existing lease which was granted for a term of nine years commencing 22nd June 2021 at a rent of £38,000 per annum on a proportional FRI by means of a service charge. The property can be used as a retail shop. The lease is within the Landlord and Tenant Act with security of tenure.
RENT:
£38,000 per annum, subject to review effective from June 2024.
PREMIUM:
Premium offers are sought for the lease assignment.
RATES:
Rateable value - £21,000 (1 April 2023 to present).
Cornwall Council are the charging authority and enquiries regarding the rates payable and eligibility for any Small Business Rate Relief should be made with them - Tel: 0300 123 4171.
VAT:
We understand that VAT is not payable on the rent.
COSTS:
The ingoing tenant to be responsible for the Landlord’s reasonable legal fees incurred in dealing with the assignment.
SERVICES
Mains electricity, metered water and drainage are connected. 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 and prospective tenants/purchasers that are conducting property transactions through the Company.
ENERGY EFFICIENCY RATING: TO BE CONFIRMED.
VIEWING:
By appointment with Charterwood on (01872) 261216. Contact Chris Waters or Rosie Brenton.
The Agents have not tested any apparatus, equipment, fixtures and fitting or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor and Surveyor.
References to the tenure of the property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
CHARTERWOOD for themselves and for the Vendors or Lessors of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer of contract;
2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and intending purchasers or tenants should not rely upon them as statement or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
3. We have not tested the services nor fixtures and fittings. It will be the responsibility of potential purchasers to satisfy themselves as to their condition.
4. No person in the employment of Charterwood has any authority to make or give any representation or warranty in relation to this property.
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