Market Place, St Columb Major

VACANT LOCK UP SHOP/OFFICE PREMISES IN THE HEART OF ST COLUMB MAJOR HELD ON A LONG LEASE AND AVAILABLE IMMEDIATELY WITH VACANT POSSESSION ? IDEAL INVESTMENT PROPERTY

This ground floor retail shop unit comprises of a completely self-contained shop with a fronting retail area, a small store/stock room and WC/Shower facilities to the rear. The premises are available immediately with vacant possession on a long lease (see lease details), being ideally suited to an owner occupier for an existing business, a small start-up business premises or an investment opportunity as an ongoing let.

Lease - The property is available on a long lease equating to around 176 Years to align with the other long leases in the building. The freeholder of the entire building is in discussion with the leaseholders to transfer the freehold title to the owners collectively. The building comprises of 10 units, 8 apartments and 2 shops.

Service Charge - The property contributes a 3.43% proportion of expenses for the running (maintenance, fire alarm etc) and insuring of the building, in the form of a service charge. The annual amount payable for the current charging period (period to 31st December 2026) is £567.85

Ground Rent - The ground rent is £100 per annum, until such time as the freehold is incorporated.

Tenure - Long leasehold

Services - Mains water, electricity and drainage. Independent meters for water and electricity.

Ubr - Future rateable value (from 1 April 2026) £6,600. The property and rateable value will qualify for small business rate relief, subject to applicant criteria.