Penzance

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TWO STOREY RETAIL / CAFÉ PREMISES TO LET - 28 MARKET JEW STREET

New FRI lease available at £15,000 per annum

Situated in the prime retailing location of Market Jew Street, the character premises offers ground and first floor accommodation with existing A3 (café/restaurant) use

LOCATION:
Penzance lies at the western end of the Cornish peninsula facing on to Mount’s Bay on the south coast of Cornwall. The town is the principal retailing centre in the district previously known as Penwith and is a relatively busy commercial centre accommodating the Council offices and Magistrates Courts. Communications from Penzance are good with a direct link on to the A30 which forms the arterial road into and out of the County, linking with the M5 at Exeter. The town also has an Intercity Railway station providing a regular service to Paddington, London.

SITUATION:
The property is situated midway along Market Jew Street, the prime retailing location within the town. Market Jew Street has attracted a mixture of regional and local traders interspersed with national outlets with nearby occupiers including the Wharfside Shopping Centre. The town centre bus stops, railway station and main Pay & Display car park are also in close proximity.

DESCRIPTION:
The ground and first floor café premises, with existing A3 use, comprise ample seating or retail accommodation at ground floor level with character window frontage direct on to Market Jew Street. The first floor accommodation provides additional seating along with a well equipped kitchen and staff/customer toilet facilities. The accommodation provides approximately 60 covers.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Seating / Sales area 40.21m² (433 ft²)

First Floor
Seating 33.47m² (360 ft²)
Kitchen 11.09m² (119 ft²) with washroom / store
Toilet facilities

TERMS:
The premises are available on a new full repairing and insuring lease, for a term of 6 or 9 years, at a rent of £15,000 per annum. The lease is to be outside the Landlord and Tenant Act 1954. A 3 month rental deposit will be required.

RENT:
£15,000 per annum exclusive.

RATES:
Rateable value £13,500 (2010 List)
For further information regarding rates payable and eligibility for small business relief contact Cornwall Council. Tel: 0300 1234100

VAT:
We are advised that the property is not registered for VAT.

SERVICES:
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.

PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.

COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease. In the event of a freehold sale, each party to bear their own respective legal costs.

VIEWING:
Strictly by appointment with Sole Agent Charterwood on (01872) 261216.
Contact Chris Waters or Stuart Sly.

ENERGY EFFICIENCY RATING - E
Certificate Reference Number: 9523-3013-0749-0300-7505
Report Reference Number: 0750-0344-2799-3103-5006

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