Description
The Bridewell is a historic building dating back to the 17th Century. The available ground floor office/business space benefits from a large glazed shop frontage and attractive stone façade.
The available space is made up of three largely open plan areas that could be utilised for various uses.
Rights to use an allocated parking area are included. The parking is located opposite the premises next to lock up garages on Tavistock Road.
The property is available by way of assignment of the existing lease, although the Landlord would consider granting a new lease depending on terms proposed.
Accommodation
The ground floor office/business space is accessed through a shared gated entrance with flats on the lower ground floor which are currently under construction.
The glazed entrance door leads to a brick floor which is slightly ramped to the open plan reception area (Area 1). The reception area includes a large reception desk.
Area 2 is accessed from Area 1 by a set of four tiled steps with a wooden handrail to the side. Area 2 is open plan with a central timber flooring, tiled flooring and carpeted areas. This space includes two large desks.
A double set of glazed doors leads from Area 2 to Area 3. Within Area 3 there is an open workspace with recessed storage areas. Area 3 leads to an Office and Kitchen. There is a Toilet located to the rear of the premises off the Kitchen.
The accompanying indicative floor plan shows the layout.
Legal Costs
Each party will be responsible for their own legal costs.
Price
Offers in the region of £12,000 are sought for the annual rental of the property under a new lease (terms to be agreed) or the existing lease can be assigned as detailed below.
Terms
The property is available by way of an assignment of the remainder of a 10 year full repairing and insuring lease with an initial rent of £11,750 per annum. The lease term commenced on the 4th October 2019. The lease includes an open market rent review in October 2024 and a Tenant break option on the 3rd October 2024 with 6 months written notice to be provided. The Tenant is responsible for 31.25% of any service charge costs relating to shared/common areas of the property. The landlord will recover the cost of insurance from the tenant on demand. The property is available from the date of this brochure.
Business Rates
The current rateable value (RV) is £13,500. The RV is as stated on the Valuation Office Agency (VOA) website service (effective date 1st April 2023). Information concerning how rates are calculated are available on the Cornwall Council website.
VAT
The property is not understood to be elected for VAT.
Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.
Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire on:
01208 812 812
For full details please download the PDF Brochure, which also contains some useful links.