Restaurant to rent

Bank Street, Newquay, Cornwall, TR7

Under Offer £2,833 pcm
1,193 sq. ft.

Property Description

Commercial information

  • 1,193 sq ft (110 sq m)

Letting information:

Date available: Now

Full description

Tenure: Leasehold

100% PRIME RETAIL UNIT in Newquay town centre.

A1, A2, A3 use permitted

Next to; Carphone Warehouse, Boots, Costa, Super Dry, New Look, WH Smith, Superdrug, Clarkes.

Town centre footfall of six million people per annum.


Location

Newquay is the fastest growing town in Cornwall with a permanent population of over 20,000 which increases to over 100,000 for six months over the summer. The property is situated on the north side of Bank Street, the main pedestrianised thoroughfare in Newquay town centre with a footfall of over 6 million per annum.

The unit is positioned between Carphone Warehouse and Superdrug, other nearby occupiers include: W H Smith, Superdry, EE, Costa, Specsavers, Clarkes, Poundland Boots, New Look, Holland & Barret.

The property comprises a ground floor retail unit with gross frontage of 6.5 m, an internal width of 5.9 m and depth of 14.81m, floor to ceiling height of 4m. There is ancillary storage , W/C facilities and access to the rear for loading.


Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (1st Edition).

Ground floor sales - 84.3 sq m (908 sq ft)
Ground floor Ancillary - 12.6 sq m (135 sq ft)
Total - 96.9 sq m (1,043 sq ft)

Planning

The property benefits from A1,A2 & A3 use.

Rent / Price

£40,000 per annum

Terms

Either a new sub lease on terms to be agreed or by way of an assignment of the existing lease which expires in June 2027 or alternately a new lease directly from the landlord subject to agreeing terms and the surrender of the existing lease.

Rateable Value

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £39,000 effective from the 1st April 2017 reference 26010053025011 .

Click here for advice on how to calculate your liability for the current financial year and to see if you might be eligible for any relief (if you qualify for small business relief up to 100% relief may be available).

As a new occupier of premises you have the right to appeal an assessment if it is too high, we have a team of rating advisors who can provide further advice if required.


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 - 114

Legal Fees

Each party is responsible for their own legal fees associated to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.


More information from this agent

Nearest stations

  • Newquay (0.4 mi)
  • Quintrell Downs (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Vickery Holman, Truro

Walsingham House Newham Road, Truro, TR1 2DP

01872 490059 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newquay (0.4 mi)
  • Quintrell Downs (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Vickery Holman, Truro

Walsingham House Newham Road, Truro, TR1 2DP

01872 490059 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference 18108. 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 Vickery Holman, Truro.

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