Description
Martins Cash and Carry sits within an approximately 3.15 acre site (predominantly of concrete/tarmac/some unmade hardstanding) running parallel to Pennnygillam Way with numerous connected warehouses, a 2 storey office block and a cabin set within. Large parts of the site are currently vacant following the departure of some occupiers, although one occupier remains holding over whilst terms are being negotiated. The site has significant development potential as some of the space is underutilised. The site could be suitable for various uses (subject to planning).
Accommodation
Martins Cash & Carry is accessible from 4.No. vehicular entrances off Pennygillam Way, which is the primary road through the estate with a busy flow of passing traffic. Approximately two thirds of the eastern part of the site from the entrance furthest to the west is now available with vacant possession (the site could potentially be split). British Wool occupy Well Warehouse to the west on a 3 year lease which expired on the 23rd May 2024. New terms are being discussed with British Wool. Further details can be provided upon request. The warehouse buildings are generally of steel frame and concrete block wall construction with asbestos cement sheet roof and wall cladding (some wall faces are rendered). The office building is clad in red brick. Site plans and indicative floor plans are available upon request or can be downloaded from our website. An asbestos survey is available upon request.
Legal Costs
Each party will be responsible for their own legal costs.
Price
Offers in excess of £2,500,000 are invited for the freehold interest of the whole. Sales of smaller parcels could be agreed subject to negotiation.
Business Rates
The current rateable values (RV) are as follows: Martins Cash & Carry is £90,500. Well Warehouse (listed as Redmoor Health Foods) is £28,750. Portacabin Stores (adj Martins Cash & Carry) is £6,500. The RV’s are as stated on the Valuation Office Agency (VOA) website service (effective dates 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.