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Commercial Property for sale

Church Street, Falmouth, Cornwall, TR11

Sold STC £430,000
2,193 sq. ft.

Property Description

Commercial information

  • 2,193 sq ft (203 sq m)

Key features

  • INVESTMENT OPPORTUNITY FOR SALE
  • FREEHOLD OFFERS SOUGHT IN THE REGION OF 430,000
  • PROPERTY COMPRISES GROUND FLOOR SHOP WITH BASEMENT AND SUB-BASEMENT STORES

Full description

SITUATION:
The property is located on Church Street close to a mixture of national and local independent retailers and one of the town's main shopping car parks. The premises are Grade II Listed Building and are situated within the Falmouth Conservation Area.

DESCRIPTION:
The property comprises a ground floor shop with basement and sub-basement stores.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Total sales area 77.0m (828 ft)
Storage 66.6m (717 ft)
WC

Basement
Stores 30.2m (325 ft)

Lower Basement
Stores 30.0m (323 ft)
WC

INVESTMENT:
The shop is let on a 10 year lease from 29 August 2008 at a current rent of 30,000 per annum subject to a rent review on 22 March 2012 and at 3 yearly intervals thereafter. The lower basement is subject to a 999 year lease, commencing in 2008, which provides an annual peppercorn rent.

SALE PRICE:
Freehold offers sought in the region of 385,000

BUSINESS RATES:
Ground floor 2010 Rateable Value 28,000.
Basement stores to be assessed. Enquiries regarding the rates payable should be made with Cornwall Council.

VAT:
We understand that the property is registered for VAT.

LEGAL FEES:
Each party to bear their own respective legal costs incurred in the transaction.

SERVICES:
We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.

PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.

ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 106

Certificate Reference Number: 0890-0931-5240-6299-3092.
Report Reference Number: 0306-9995-4240-8290-9103.

VIEWING:
Viewing arrangements may be made through Charterwood.
Contact Chris Waters - chris@charterwood.com
or Stuart Sly - stuart@charterwood.com



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