The building is a substantial property extending over three stories. The ground floor was extensively remodelled and refurbished throughout 2020/2021. The unit being offered is a ground floor retail area with a shop frontage of approximately 3.5 metres. A kitchenette/lobby occupies the rear of the shop as well as an accessible toilet. There is a rear access for deliveries, fire escape etc.
The existing lawful use class is understood to be A1 (shops and retail outlets) although the property would be suitable for various alternative uses (subject to obtaining the necessary planning consents).
The property is primarily accessed from Queen Street although there is a pedestrian access from a passageway to the rear of the property linking to Belle Vue Lane. The frontage of the shop is mostly glazed with a large glazed door into the shop. There is a ramped threshold into the shop from the street. The ground floor retail area is predominantly clad with slatwall panels for hanging merchandise and includes a sales counter. The building has an interlinked fire alarm system and there is a control panel for the shop in the rear lobby/kitchenette area. There are numerous connections for power, data and lighting in the shop.
A door to the rear of the retail area leads to a lobby/kitchenette linking to an accessible toilet to the left or two steps up to the rear fire escape door, which leads to a passageway linking to Belle Vue Lane.
Free time restricted on street parking is available to a number of the surrounding streets and there are also long stay public car parks nearby (Summerleaze and Crescent).
The prospective tenant will pay the landlords reasonable legal costs in respect of the preparation of the lease. Subject to a maximum of £950 plus VAT.
Offers in the region of £12,000 are sought for the annual rental of the shop. The property is available with vacant possession.
The property is available on an internal repairing and insuring lease with a fixed maintenance charge of 7% plus VAT of the annual rent. The landlord will recover the cost of insurance from the tenant (estimated premium to be confirmed). The landlord envisages a lease term of three years or more.
The current rateable value (RV) is £6,300. The RV is as stated on the Valuation Office Agency (VOA) website service (effective date 15th April 2021). Information concerning how rates are calculated are available on the Cornwall Council website. It is possible prospective tenants could be eligible for small business rates relief.
The property is not understood to be elected for VAT and as such VAT will not be chargeable on the rent.
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.
Viewings are by appointment only. Contact Phil Wiltshire BSc(Hons) MRICS on:
01208 812 812
For full details please download the PDF Brochure, which also contains some useful links.