Description
The building is of modern construction consisting of concrete block and steel frame with insulated cladding panels. There are skylights set in the roof providing good levels of natural light. The unit is in the corner of a terrace and largely open plan but includes an accessible toilet and mezzanine with an office and storage area. There is a significant shared external yard with vehicle parking in marked bays.
The existing use classes are understood to be B1 (business)/now E(g) and B8 (storage and distribution) although the property could be suitable for various alternative uses (subject to obtaining the necessary planning consents).
Legal Costs
Each party will be responsible for their own legal costs as required.
Price
Offers in the region of £7,750 (no VAT) are sought for the annual rental of the unit.
Terms
The property is available on an effective full repairing and insuring basis. A maintenance rent of 2.5% of the annual rent will be charged in addition to the rent for the maintenance of common areas and the site generally. 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 for a 1954 Act protected lease (any agreement of shorter duration would be contracted out of the 1954 Act (further information available upon request). The property will be available with vacant possession.
Business Rates
The current rateable value (RV) is £5,300 The RV is as stated on the Valuation Office Agency (VOA) website service (effective date 1st April 2023). Note the property address is listed as Part 38 Pennygillam Way online. 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 (to be investigated by interested parties as required).
VAT
The property is not 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.