Retail

Sold Subject to Contract		Causewayhead, Penzance

EFFECTIVE CAFÉ / RETAIL AREA: 126.62 SQ.M (1,362.97 SQ.FT)

£25,000 Per annum – exclusive

Situated in popular pedestrianized street opposite Subway

Located in prominent trading position with class A3 café use

Close to car parks and other amenities

Until recently used as a café with fitted bar and prep area

LOCATION

Penzance lies at the western end of the Cornish peninsula facing onto Mounts Bay on the south coast of Cornwall. The town is the principal retail area in the district previously known as Penwith and is a relatively busy commercial centre accommodating the Council offices and Magistrates Courts. Penzance has good communication links with a direct link 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 is situated at the commencement of Causewayhead and is in close proximity to Market Place and Market Jew Street, the prime retailing locations within the town. Causewayhead has attracted a mixture of regional and local traders interspersed with national outlets with nearby occupiers including HSBC Bank, Cancer Research, Rowe’s the Bakery and Subway.

DESCRIPTION  (all areas and dimensions are approximate and are measured on a gross internal basis unless otherwise stated)

Shop

Net internal width – 19 ft 6 (5.97m)

 Shop depth – 54 ft 9 (16.73m)

Retail area – 1,362.97 SQFT (126.62 SQM)

Outside storage area – 85 SQFT (7.9 SQM)

Total Area including staff and customer toilets and external storage – 1,661 SQFT (154.32 SQM)

The property is fitted with a bar incorporating modern stainless steel double sink unit, worktop surface, mirrors and concealed lighting. There is also fitted seating and fans, a prep room with modern stainless steel sink unit measuring 17 foot 4 by 11 foot 3 incorporated in the total square footage. There is a disabled toilet plus male and female toilet with wash basin and low level WCs.A fire door leads to outside to a rear covered walkway with external store cupboard 6 ft by 13 ft 8 inches with a fluorescent strip light.

LEASE TERMS & RENT

Leasehold premises are available by way of a new Fully Repairing and Insuring Lease of 10 years with further terms to be negotiated.

SERVICES

We understand that mains gas, water, drainage and electricity are connected to the Property. However we have not tested these connections and advise that all interested parties make their own enquiries of the necessary statutory authority.

PLANNING

We are informed by Cornwall Council that the property has planning permission for class A3 café and premises. Potential tenants are advised to make their own enquiries to West 1, Planning and Regeneration, Cornwall Council, St Clare, Penzance TR18 3QW, Tel: 0300 1234 151, Email: planning.west1@cornwall.gov.uk

RATEABLE VALUE

The rateable value is £24,000. Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable. Cornwall Council, Carrick House, Pydar Street, Truro, TR1 1EB, Tel: 01872 224397, Email: revenues@cornwall.gov.uk or enquiries can be made online at the VOA website www.voa.gov.uk

ENERGY PERFORMANCE CERTIFICATE (EPC)

An EPC has been commissioned and further details are available on request from the Agents.

VAT

Under the Finances Acts 1989 and 1997, VAT may be levied on the Rent/Sale price. We recommend that the prospective tenants / purchasers established the VAT implications before entering into any agreement.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction. However if the tenant aborts the transaction for any reason then they will be responsible for the landlord’s legal costs.

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 or contract;(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenantsshould not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;(iii) no person in the employment of Stratton Creber Commercial has any authority to make or give any representation or warranty whatever in relation to this property.

Cher Varya