Description
The building is a two storey mixed use property with two shops/restaurants under and a large two bedroom flat over (flat available to rent separately). The unit includes a ground floor commercial kitchen (no equipment), store, toilet and seating/bar area with an a full height glazed shop frontage. There is a rear access for fire escape/pedestrians (no vehicle access). Additional land is included to the side for outside storage.
The existing use class is understood to be E(b) (Sale of food and drink for consumption (mostly) on the premises) and Sui Generis (hot food takeaways for the sale of hot food where consumption is off the premises). The property could be suitable for various alternative uses (subject to planning (if required)).
Accommodation
The property is accessed from a ramped access to a glazed handrail external lobby. A single glazed entrance door leads to an open plan area with a bar/servery and a corridor with store, toilet and kitchen off. The kitchen walls are fitted with stainless steel linings ready for tenant fit out. There is a rear access from the kitchen and an outside area to the side that could be utilised for external storage. It is possible this area could be adapted for outside seating (subject to undertaking any work to the fence and obtaining planning consent as required). The frontage of the unit is mostly glazed bringing natural light in. A door to the rear of the kitchen area leads to an outside area with pedestrian access to the street through a car park for a nearby garage. 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
Offers in the region of £13,000 are sought for the annual rental of the shop. The property is available with vacant possession. No ingoing/premium.
Terms
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 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.
Business Rates
The current rateable value (RV) is £9,900. 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. It is possible 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.