Jubilee Wharf and Warehouse, Commercial Road, Penryn, Cornwall

Guide price

ÂŁ4,200,000

Size

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Tenure

Leasehold

EPC

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Parking

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Primary use
Mixed use
Other use(s)
Traditional office

No floor / site plan

Key features

  • Eco-focused, mixed-use investment opportunity comprising three separate buildings and car park with a total of 26 commercial occupiers, 6 residential tenants and 7 long-term moorings.
  • Highly prominent waterfront setting in Penryn, position at the head of the estuary leading directly to the Port of Falmouth.
  • Jubilee Warehouse holds a BREEAM Excellent accreditation.
  • Assets are full let generating approximately ÂŁ360,000 per annum (gross) from diversified income streams.
  • There is a significant reversionary gross annual income stream of over ÂŁ400,000.
  • Opportunity to formalise rental income from the WWII-era concrete barge known as "The Brain of Britain".
  • Commercial units generally achieve EPC ratings between A and B with all residential apartments rated C. Jubilee Warehouse carries an EPC rating of B.

Description

JUBILEE WHARF is a multi-award-winning waterside development. The scheme provides a blend of workshops, office space, café, children’s nursery, multi-purpose hall and six duplex apartments, arranged across two distinct buildings - one rising to two storeys and the other to four storeys - with sustainability integral to both design and specification.

The two-storey southern block houses the day nursery, café, a selection of health rooms, and the ZedShed multi-use hall. Architecturally distinctive, the structure echoes the form of an inverted ship’s hull and features external finishes of cedar, zinc and painted render. Wind cowls positioned along the roofline facilitate natural internal ventilation. Underfloor heating throughout Jubilee Wharf, with passive ventilation and super-insulation throughout, reducing the need to heat. The south and east elevations overlook the wharf and estuary, commanding uninterrupted river views.

The central four-storey building accommodates 12 workshop units on the ground and first floors, with six duplex apartments above. External staircases and steel gantries provide access to the upper levels. Workshop units are self-contained, open-plan spaces incorporating kitchenette, WC and underfloor heating, with the flexibility to combine adjoining units via internal openings if required. Ventilation is provided naturally through wind cowls, eliminating the need for mechanical extraction. Heat exchangers recover up to 70% of heat loss. Heating and hot water are supplied via a 109kW wood pellet boiler, with underfloor heating throughout.

THE RESIDENTIAL ACCOMMODATION is arranged over two floors per unit and faces south-east, with extensive glazing maximising natural light and river views. Each apartment includes a balcony, internal sunspace, living/dining area, kitchen, hallway, WC/cloakroom, bathroom and either two, three or four bedrooms. A first-floor external steel gantry links the two principal buildings, positioned above a central landscaped courtyard that forms an attractive communal focal point and access route.

THE ZEDSHED is a riverside dance and exercise studio enjoying elevated water views. It is let on a sessional basis to third parties. Beyond income generation, the facility significantly enhances footfall, attracting visitors throughout the day and increasing trade for the café, health rooms and other occupiers.

The landlord also organises an annual Christmas Fair, drawing 2,000+ visitors over a pre-Christmas weekend. This event reinforces the Wharf’s reputation as a vibrant hub for wellbeing, activity and community engagement. Further details regarding occupiers and on-site activities are available by request.

Jubilee Wharf also has SEVEN REVENUE-GENERATING MOORINGS occupied by third parties: five for residential use, one commercial and one leisure.

In addition, there is a further berth occupied by THE BRAIN OF BRIAN, a converted WWII concrete barge currently utilised as distinctive modern office space by the landlord. While not presently income-producing, this element offers clear letting potential under new ownership to enhance rental income.

Positioned to the north-west of Jubilee Wharf and separated by a shared car park, JUBILEE WAREHOUSE was formerly a warehouse building comprehensively refurbished and converted in 2014, with European funding assistance, into high-quality studio and office accommodation.

In 2015 the building received the Cornwall Sustainability Award for Best Built Environmental Retro-fit. It also achieved BREEAM Excellent status. A key design feature is the striking glazed central atrium, providing a communal meeting and breakout space complete with shared kitchen, large table, piano and table tennis table, fostering a collaborative working environment among tenants. 19.5kW PV’s on the roof and rainwater flushed toilets.

The specification is of a high standard throughout. The layout provides 13 business units of varying sizes, all situated at ground floor level around the large shared space. To the side of the Warehouse is a 13-space car park shared by occupiers of both buildings, operated on a first-come, first-served basis. The parking area does not currently generate income, but could.
Additional information
Service charge
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Business rates
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Use class
E
Listed building
No
Business for sale
No
Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Jubilee Wharf and Warehouse, Commercial Road, Penryn, Cornwall

NEAREST STATIONS

National Rail

Penryn Station

0.61 miles

National Rail

Penmere Station

1.37 miles

National Rail

Falmouth Town Station

1.97 miles

About Laskowski & Company, Commercial

Laskowski & Company, Commercial

We advise on the sale, acquisition, letting and development of commercial property across all sectors in Cornwall and the wider South West. Our experience at the very forefront of the market means we achieve superior results, time and time again.

Having steered complex, high-value sales, we ensure transactions are handled professionally, whether that be discreetly or on an open market basis. James brings with him a deep understanding of the transaction process and access to a wealth of investors and operators, following his experience working at some of the world's largest and most respected commercial property advisory firms.

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Disclaimer - Property reference JUBILEE. 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 Laskowski & Company, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.