TOWN CENTRE BAR / CAFÉ / RESTAURANT FOR SALE OR TO LET - 4 KILLIGREW STREET - Falmouth - Cornwall

LOCATION:
Falmouth is a coastal town situated approximately 10 miles south west of Truro and is famous for its extensive natural amenities which include the harbour and surrounding beaches. Falmouth is one of the county’s leading holiday resorts with a resident population of around 28,000 persons. This includes a large number of students due to the town centre’s proximity to the Tremough Campus which has sites in both Falmouth and Penryn, the neighbouring town. Population increases considerably during the summer months. The town has a strong maritime history and is a very popular venue for yachting and dinghy racing events.

SITUATION:
The Grade II Listed property is located at the lower end of Killigrew Street close to the junction with Market Strand and Market Street. Nearby occupiers include Tesco, Barclays Bank, Superdrug and WC Rowe Bakers. The Prince of Wales Pier is in close proximity, which attracts a large number of visitors to this part of Falmouth during the day, whilst Finn M’Coul’s bar and numerous cafes and restaurants in the vicinity provide a good level of evening trade.

DESCRIPTION:
The property comprises a ground floor bar/restaurant with mezzanine barrel store, which could be refurbished to incorporate a kitchen, and male and female toilets. A second bar at first floor level provides seating for approximately 30 covers, although this would be increased if the bar was removed. Two further floors offer ample residential accommodation which require basic decorative attention. As the property has two entrance doors at street level, it would be possible to self contain the three upper floors for use as a private residence.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Main bar area - 61.04m² (657 ft²)
Disabled WC

Mezzanine
Store/Kitchen - 15.52m² (167 ft²)

First Floor
Bar and Seating - 69.92m² (752 ft²)
Staff/Prep. Room - 4.46m² ( 48 ft²)
Male & Female WCs

Second Floor
Room 1 - 3.83m x 4.05m - 15.51m²
Room 2 - 4.00m x 2.65m - 10.60m²
Room 3 - 5.38m x 3.50m - 18.83m²
Bathroom - 3.26m x 3.37m - 10.99m²
Kitchen - 3.05m x 3.04m 9.27m²
Lounge/Office - 3.98m x 3.56m 14.17m²

Attic
Room 1 - 3.48m x 5.20m (max) - 18.10m²
Room 2 - 3.43m x 4.85m - 16.64m²

RATES:
Rateable Value £52,000 (2010 List)
Further information regarding rates payable should be made with Cornwall Council.
Tel: 0300 1234 171

The above figure could be appealed against to reflect the intended use of the ingoing purchaser/tenant, if different to the existing use.

VAT:
All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS:
Each party to be responsible for their own respective legal costs incurred in a freehold transaction.

However, in the event of a new lease the ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in dealing with the lease documentation.

PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent. Planning will not be necessary for A1 (retail), A2 (Professional & Financial services) or A3 (café/restaurant) uses.

SERVICES:
We understand that mains electricity, gas, water and drainage are connected to the premises. However, we have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

VIEWING:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.
Contact Chris Waters or Stuart Sly.

ENERGY EFFICIENCY CERTIFICATE:
Due to the premises being Listed, an EPC is not required.