Killigrew Street, Falmouth, Cornwall

An opportunity to acquire, by way of leasehold assignment, a well-positioned commercial premises forming part of 46 Killigrew Street in Falmouth.

The property provides a flexible retail / office unit suitable for a range of occupiers under Class E (subject to landlord’s consent). The premises benefit from a central trading position within a busy secondary retail pitch, close to The Moor and a mix of national and independent occupiers.

The existing lease, dated March 2024, is available for assignment at a passing rent of £14,500 per annum. The landlord has indicated a willingness to grant a new lease to an incoming tenant, subject to covenant and terms.

Location

Killigrew Street is one of the principal commercial thoroughfares within Falmouth, linking directly to The Moor - one of the town’s main retail and amenity hubs.

The immediate area comprises a mix of retail, leisure, and service-based occupiers, benefiting from strong pedestrian footfall and nearby public parking facilities. The town itself is a well-known coastal destination, supporting a year-round trading environment driven by tourism, local residents, and a student population.

Rateable Value (VOA)

We understand from the Valuation Office Agency (VOA) that:

Rateable Value: £13,500 (from April 26').

Interested parties are advised to verify the exact assessment via the VOA website or local authority.

Accommodation

The premises provide retail / office accommodation over ground and ancillary.

Measured floor areas should be confirmed by inspection or formal measurement.

Lease Terms
Transaction: Assignment of existing lease
Lease Date: March 2024
Passing Rent: £14,500 per annum
Permitted Use:
“Yoga studio, or any use within Class E (commercial, business and service) subject to landlord’s consent.”
Landlord: Will consider granting a new lease to an incoming tenant, subject to negotiation and covenant strength

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

VAT

VAT may be applicable and will be charged at the prevailing rate if applicable.

EPC

An Energy Performance Certificate is available upon request.

Viewing & Further Information

Strictly by appointment through the sole agents, Laskowski & Co.