Dracaena Avenue, Falmouth, Cornwall, TR11

THE LOCATION
Falmouth is undoubtedly one of Cornwall's most thriving and lively towns, offering a unique lifestyle, bustling town centre and beautiful beaches. Voted as the best place to live in the UK by readers of The Sunday Times, Falmouth offers many attractions such as Pendennis Castle, National Maritime Museum, an excellent retail offering, pubs, bars and restaurants. The combination of maritime heritage and modern creativity, largely generated via the growing university, makes the town a hugely popular spot. It is a constant carnival during the summer months, yet still energetic in the winter, offering great food festivals and sea shanties to keep all entertained year round. A railway line takes you to Truro in under half an hour.

More specifically, the property is located along Dracaena Avenue, a primary road in and out of the centre of Falmouth - meaning the building's location will be, in future, of wide appeal to a variety of potential operators.

THE PROPERTY
A substantial and attractive detached building, arranged over two storeys and boasting spacious and characterful features throughout. In brief, the property is entered via a raised entrance with doorway leading into a vast semi-circular reception room flooded with light from three large floor to ceiling height windows and ceiling light. Access from this room leads to two large rooms, an office, WC and kitchen. There is external access to the rear from ground floor level. stairs descend from the ground floor to the converted basement floor, which has deceptively high ceilings and comprises 3 generous rooms, with access to the rear garden/play area.

For a property along this road, Number 3 comprises a vast amount of external space: a courtyard to the front bordered by high fencing, a large rear garden which is currently used as a secure play area for the children, and plentiful driveway parking accessed directly off Dracaena Avenue. The garden area is tarmacadam to ground, bordered by stone walls, fencing and mature shrubs and trees, which creates a peaceful and surprisingly private area for such a central location in Falmouth. In the corner of the garden there is a raised terrace platform for tables/chairs etc.

PLANNING & ALTERNATIVE USE
Planning Use Class E.

The property trades as a day nursery but, in future, it could be converted back to a residential dwelling (subject to planning permissions etc) or many other commercial uses (again, subject to the necessary planning permissions etc).

EPC
Rating C (75).

TENURE
Freehold.

LEASE TERMS
The property is subject to an occupational fully repairing and insuring lease to Naturally Learning, who are a renowned multi-site day nursery operator. (tenant information: NATURALLY LEARNING LIMITED (Company Number: 08077912) whose registered office is situated at The Old Church Hall Church Road Charlestown St Austell Cornwall). There is a personal guarantor on the lease. The lease commenced in April 2018 for a term of 10 years, with rent reviews scheduled every 3 years from April 2021. A rent review is due (April 2024). The current gross rental income per annum is: £25,000.

Naturally Leaning is a children's day nursery group, with sites in Cornwall: Redruth, Nansledan (Newquay), Blackwater, Truro, Charlestown (near St Austell) and Falmouth.

BUSINESS RATES
Rateable Value: £32,000

LEGAL COSTS
Each party to bear their own legal costs in respect of the transaction.

VAT
If applicable, VAT will be charged at the standard rate.

SERVICES
We understand mains electricity, gas, water and drainage are connected to the property. Gas central heating with a combination boiler for heating and hot water.

VIEWINGS & ENQUIRIES
All enquiries and viewing requests are to be made directly through Laskowski & Co Commercial on and .