SHOP TO LET - 19B WELL LANE, CHURCH STREET
Assignment of the existing 6 year lease at £9,000 p.a.
Well presented lock up shop with ground floor sales with additional first floor sales/staffroom and stores
Falmouth is one of the County’s leading holiday resorts with an increasingly long season, situated approximately 12 miles south west of Truro. The town has a resident population of around 28,000 persons which increases considerably during the summer months, partly due to its strong maritime history which makes Falmouth a very popular venue for yachting and dinghy racing events. The area also has a significant student population with the main hub site for the Combined University of Cornwall located in the neighbouring town of Penryn accommodating 5,000 students.
The Falmouth For Business website reports Falmouth to have the lowest empty retail unit rate, at 6%, throughout the South West. The town has a good mix of independent and national retailers including Marks and Spencer and niche retailers such as Henri Lloyd and Seasalt.
The property is located just off Church Street, one of the main retailing locations within the town and in close proximity to Market Street the prime retail area housing national retailers including Boots, Marks and Spencer and W. H Smith. Church Street has attracted a mixture of established regional and local traders interspersed with national outlets. Pea Souk Café and Rudi’s Hairdressing are adjacent to the premises.
The property is situated fronting Well Lane, leading to one of the main shoppers car parks, and comprises a small lock up shop with ground floor sales with additional first floor sales/staffroom and stores.
The unit is available by way of an assignment of the existing 6 year lease, commencing 6th August 2010, on proportional full repairing and insuring terms. The passing rent is £9,000 per annum.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor: Internal width 5.08m
Shop depth 5.29m
Sales area 24.50m² (264 ft²)
First Floor: Store 5.70m² ( 61ft²)
Sales/staffroom 10.00m² (108 ft²)
The property is not registered for VAT.
Rateable value £8,200 (2010 List)
Enquiries regarding rates payable should be made with Cornwall Council – 03000 1234171.
We understand that mains water, electricity and drainage are connected to the premises. We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.
The ingoing assignee will be responsible for the assignor’s reasonable costs incurred in the preparation and execution of the legal documentation.
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Stuart Sly or Helen Fussey
ENERGY EFFICIENCY RATING - D
Certificate Reference Number: 0260-3946-0317-4250-6094
Report Reference Number: 9349-4056-0471-0600-2625
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