Description
The building is a two storey mixed use property with two shops/restaurants under and a two bedroom flat over (the Flat and Shop 2 are let separately). The unit includes a fitted ground floor commercial kitchen (equipment not checked by Landlord), toilet and seating/bar/retail area with a partially glazed shop frontage. There is a rear access for fire escape/pedestrians (no vehicle access).
The property is understood to have been used as a restaurant in the past although the planning history is not known. Prospective tenants will be required to make their own enquires in respect of their proposed use. The property could be suitable for various uses (subject to planning consent if required).
Accommodation
The property is accessed directly from the parking area in front of the shop. A single glazed entrance door leads to an open plan area with seating and a bar/servery leading to a lobby with toilet and kitchen off.
The kitchen is fitted out with a double stainless steel sink, worksurfaces and shelving. There is a hob with a griddle and extractor fan, a tall fridge, double stainless steel fridge, dishwasher and plate warmer (the equipment has not been tested by the Landlord (prospective tenants will be required to make their own enquiries to ensure legislative compliance).
The restaurant area includes a bar with a serving hatch through to the kitchen. Four booths and tables can accommodate approx. 36 covers. The frontage of the unit is largely glazed bringing natural light in. A door to the rear of the kitchen area leads to an outside area for fire escape. No vehicle access is permitted to the rear of the premises. Free on street parking is available on surrounding streets.
Legal Costs
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.
Price
£15,000 per annum. No ingoing/premium.
Terms
The property is available on an internal repairing and insuring lease with a fixed maintenance rent of 7% plus VAT of the annual rent. The landlord will recover the cost of insurance from the tenant (premium to be confirmed). The landlord envisages a lease term of three years or more. The lease will be contracted out of the security of tenure provisions of the 1954 Landlord and Tenant Act. The Landlord might refuse or seek to control certain uses so as not to conflict with their business nearby. The property can be available with vacant possession or with equipment as seen (subject to terms).
Business Rates
The current rateable value (RV) is £10,250. 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. Prospective tenants could be eligible for small business rates relief.
VAT
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.
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.