1.28 acre commercial let – Castle Gate, Ludgvan, Penzance

Situation
The property lies approximately midway between Penzance and St Ives in an elevated position at Castle Gate, in an Area of Outstanding Natural Beauty, enjoying extensive views over the surrounding countryside and towards Mounts Bay. Penzance, approximately 3 miles to the south, the main administrative centre for West Cornwall boasts an extensive range of retail and professional services along with many leisure, health and educational facilities. St Ives is approximately 5 miles to the north and the A30, approx. 2.5 miles, gives access to Hayle, 6 miles, Camborne and Redruth within 15 miles and Truro approx. 25 miles.

The Property
The site extends to approx. 1.28 acres, which has been developed over time to boast approx. 10,200 sqft of relatively modern commercial floor space.

The site is predominantly level and provides extensive parking, storage, workshop and office facilities.

Briefly, the accommodation includes (all dimensions approximate): -

Overall Site Srea : 1.276 acres / 0.516 acres

Office / Workshop Building : 2,570 sqft / 239 sqm arranged over two floors

Open Fronted Building : 2,400 sqft / 223 sqm

Enclosed Building : 5,222 sqft / 485 sqm

Property Information
Tenure: The property is being offered To Let on a new Full Repairing and Insuring Lease.

The terms are negotiable, but the suggested Lease Term is 6 years with a 3 year Break Clause.

VAT: Under the Finance Act 1989 and 1997, VAT may be levied. However, the Vendor has advised us that VAT will NOT be applicable to the rent.

EPC: The full EPC details can be downloaded from our website. In summary the two-storey building is rated B (44). The single-storey buildings were assessed as of low energy demand and therefore no EPC has been issued for that part.

Business Rates: It is our understanding that the current Rateable Value assessment of the premises is £29,500. Please note this is not the amount you pay. Please refer to the VOA website to estimate the business rates payable.

Services: We have been advised that mains water and mains electricity are connected to the property (including three phase) and private drainage. None of these services have been tested and therefore no guarantees can be given. Interested parties are advised to make their own enquiries to the relevant service providers.

Wayleaves, Easements & Rights of Way: The tenancy will be subject to and with the benefit of all wayleaves, easements and rights of way as may exist.

Particulars & Plan: Whilst every care is taken in the preparation of these particulars, their accuracy is not guaranteed and they do not constitute any part of an offer or contract. Any prospective tenant/s must satisfy themselves by inspection or otherwise as to the correctness of these particulars.

Viewing
Strictly by appointment with the sole letting agents Lodge & Thomas.
* Please ask for Ross Collins *

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