Retail Property (high street) to rent

40 Lower Market Street, Penryn, Cornwall, TR10

96 sq. m. | £9,000 pa| £750 pcm

Property Description

Commercial information

  • 1,034 sq ft (96 sq m)

Key features

  • Town Centre Location
  • Use of Single Car Parking Space in Private Carpark
  • Lower Ground Floor provides plenty storage or secondary sales area
  • Close to Town Centre Carparks
  • Prime Trading Position within the Town
  • Large and flexible sales area
  • Low Business Rates
  • Grade II Listed Building
  • Flexible arrangement for display and storage areas to suit any business
  • Offered on a full repairing and insuring lease

Full description

Location
The premises are situated within Penryn Town Centre and within the prime trading area of the Town. It is in close proximity to the Towns' local amenities including the Post Office, Pharmacy, CostCutter convenience store and take-aways. The town has grown over recent years due to the development of Falmouth University - Tremough Campus, and the building of new residential areas. The shop is located directly on the main road facing the Town Hall, with the free carpark at the rear and a pay and display carpark in Saracen Way opposite.

Description
The shop is Grade II listed and has been fully refurbished around 9 years ago with the current occupier undertaking further decorative work. The shop comprises a ground floor sales area with fully glazed double shop font which covers the entire width of the shop. The rear of the shop has good levels of natural light and has been used as both an art gallery and bridal boutique due to this. Steps lead down to a lower ground floor which provides further sales area/store with a separate kitchen and WC. A private parking space is included.

The property also benefits from superfast broadband, and fully maintained burglar and fire alarm systems.

Lighting within the shop is supplied via track lighting, which offers versatility.

The Sales Area is a flexible area that can be maintained in its current format to provide distinct sales areas or can be returned to a single sales space depending on need.

The Accommodation comprises (sizings are approximate)

Ground Floor
Internal Width 3.70m increasing to 4.70 at the rear of the shop.
Shop Depth 15m
Sales Area 63.3m2

Lower Ground Floor
Sales/Storage 29m2
Kitchen 9.3m2
WC

Services
The property is connected to mains electricity, water and drainage. Electric radiators are fitted within the sales area. A fire alarm and security alarm are fitted.

Rent
The premises are offered on a new full repairing and insuring lease terms at a rent of 9000 per annum (750 per month) exclusive of business rates and contents insurance. Buildings insurance is included in the rent. Offers for the long term lease would be considered

Terms
The ingoing tenant will be responsible for their own legal costs incurred in the preparation and execution of the lease.
Lease term -3/5 years
Reviews- 3 yearly
Use - A1 retail

Business Rates
The reviewed rateable value is 9000 (VOA.gov.uk - 2017)
It is estimated that the property will attract 0 business rates but the ingoing tenant will need to satisfy themselves via Cornwall Council

Planning
The property is Grade II listed. Interested parties should satisfy themselves that their proposed use complies with the existing planning consent

Viewing
Strictly by Appointment



Nearest stations

  • Penryn (0.3 mi)
  • Penmere (1.6 mi)
  • Falmouth Town (2.2 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Penryn (0.3 mi)
  • Penmere (1.6 mi)
  • Falmouth Town (2.2 mi)
Distances are straight line measurements from centre of postcode

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Property reference 40LowerMarketStreet_TR108BH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ellen Morgan, Penryn.

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