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Retail Property (high street) for sale

17, Molesworth Street, Wadebridge, Cornwall

Sold STC £295,000

Property Description

Key features


Full description

An exciting opportunity to acquire a freehold shop with vacant possession. Molesworth Street is the main high street in Wadebridge and No. 17 occupies a prime position. The property offers ground floor accommodation of 767 sqft (71.23 sqm) with a further 267 sqft (24.75 sqm) of space on the first floor. Planning permission has been granted for a two bedroom apartment over two floors over the first and newly created second floor levels.

Location - Wadebridge is a thriving market town on the north coast of Cornwall located 25 miles from Truro and 66 miles from Exeter. It is the main town servicing the popular tourist resorts of Padstow, Rock and Polzeath. The River Camel and the highly popular Camel Trail cycle route run through the town. The town has a population of 7,900; however its population increases exponentially during the school holidays. Wadebridge is proud of its large numbers of independent retailers, cafs and restaurants and with its close proximity to the coast, its popularity amongst tourists and residents alike continues to improve.

Situation - Molesworth Street is the principal high street in Wadebridge and is partly pedestrianised. The street benefits from high levels of footfall throughout the year, but particularly so during the summer months and other major holiday periods. 17 Molesworth Street is a prominent building in a prime position on the street, directly opposite NatWest Bank.

Description - The property is currently configured as a retail unit on the ground floor, with ancillary accommodation on the first floor. It is currently occupied by Heaths Hairdressers, but is available with vacant possession. The building is in good condition throughout and has been fitted out to a high standard.

Accommodation - (All measurements and areas are approximate)

Ground Floor: 767 sqft (71.23 sqm)
First Floor: 267 sqft (24.75 sqm)

Total 1,034 sqft (96.06sqm)

Planning - Our client has obtained planning permission (planning application ref: PA16/03372) for the construction of a two bedroom flat above the shop, which includes an extension over the flat roof section at the rear. The flat will have separate access from the rear and the two balconies will provide views over Wadebridge and towards the Estuary. Further details can be made available on request.

Proposal - We are instructed to seek offers of £295,000 for the freehold interest in the property, granted with vacant possession. Our client would also consider proposals from occupiers looking to take a lease on their individual merits.

Legal Costs - Each party is to bear their own legal and consultancy costs in relation to the transaction.

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151

Business Rates - We understand that the rateable value of the property is £11,750. We ask that prospective purchasers do not rely on this information however, and suggest that they make their own enquiries on the valuation office website or call 0300-1234-171.

Epc - An EPC has been commissioned. The rating is to be confirmed.

Vat - All the above prices/rentals are quoted exclusive of VAT, where applicable.

Contacts - For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email or
Tom Smith on 01872 247013 or via email

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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