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Commercial Property for sale

Retail Premises & residential uppers, Killigrew Street, Falmouth, Cornwall, TR11

Sold by Us £200,000
58 sq. m.

Property Description

Commercial information

  • 632 sq ft (58 sq m)

Full description

Tenure: Freehold

Investment opportunity - business not affected

Attractive ground floor restaurant with rear kitchen

2 bed residential above with access via the ground floor commercial premises



Location

The property is in an established secondary retail pitch in Falmouth town centre. Nearby occupiers are a mix of local retailers, food related units and A2 type premises.

Falmouth is a very popular town on the south Cornish coast. It has a good economy which benefits from a long established reputation as a tourist resort as well as growing status as a student town with the ongoing development of the University of Falmouth.


Accommodation

All areas are approximate and measured in accordance with the RICS Code of Measuring Practice on a net internal basis.

Shop:
Restaurant/ retail - 38.19 sq m (411 sq ft)
Kitchen/ stores/ wc - 18.21 sq m (196 sq ft)
Shop total - 56.39 sq m (607 sq ft)

Maisonette:
Lounge/ Diner - 8.32m x 4.29m
Kitchen - 4.92m x 2.60m (max)
Bathroom - Bath with shower over, W/C and wash hand basin
Bedroom 1 - 6.19m x 3.07m
Bedroom 2 - 4.67m x 3.05m

Planning



Rent / Price

Price guide £200,000

Terms

The property is for sale on a freehold basis subject to the existing lease. The existing lease is for a term of 12 years commencing December 2104 and ending 2026. The rental is £12,500 per annum with 3 yearly rent reviews. The Tenant's are responsible for repairing the property and reimburse the Landlord's cost of buildings insurance.

Rateable Value

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current rateable value is £12,000 effective from 1st April 2017 billing authority reference 22020983001600.

Services

We understand that mains electricity water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

E (123)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

We understand that this property is not elected for VAT, and as such VAT will not be charged on the price.


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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