Church Street, Falmouth, Cornwall, TR11

LOCATION:
Falmouth is one of the County's leading holiday resorts with an increasingly long season, encouraged by several quality marina developments together with the National Maritime Museum. The town has a resident population of around 28,000 persons which increases considerably during the summer months. The town 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 town has a good mix of independent and national retailers.

SITUATION:
The property lies on the western side of Church Street close the local authority owned Church Street carpark. The street is a popular retail location and is home to a variety of independent businesses. Nearby occupiers include Baker Tom Bakery, Falmouth Bookseller, Heather and Lay Estate Agents and The Poly Arts & Science Centre.

DESCRIPTION:
The shop has a fully glazed display window and comprises a ground floor sales area with a staff WC at the rear. Stairs lead down to a basement storage area, part of which has restricted headroom. The property has rear access from ground floor and basement level leading to a small rear courtyard. The upper floors have been sold off on a long lease and are occupied as holiday accommodation.

ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Sales area 45.05 m² (485 ft²)
Staff/Storage 2.42 m² (26 ft²)
Staff WC

Basement
Storage 21.85 m² (235 ft²)
Storage (restricted headroom) 14.90 m² (160 ft²)

NEW LEASE:
The ground floor and basement are available on a new proportional full repairing lease for a term to be agreed.

TERMS:
Rent: £15,500 per annum payable quarterly in advance.

PRICE:
Offers are sought in region of £180,000 for the freehold interest.

RATES:
Rateable Value 1 April 2023 to present: £13,750
Qualifying occupiers will be eligible for partial small business relief.
For further details on rates payable contact Cornwall Council on .

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

COSTS:
The ingoing tenant will be responsible for the landlord's reasonable legal costs incurred in the preparation and execution of the lease.

SERVICES:
The property is connected to mains water, electricity and drainage. We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

INSURANCE:
A contribution towards the insurance will be payable by the tenant.

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

MONEY LAUNDERING REGULATIONS
In line with The Money Laundering Regulations 2017, Charterwood are obliged to verify ID for all parties that are conducting property transactions through the Company.

ENERGY EFFICIENCY RATING: To be confirmed.

VIEWING:
Viewing arrangements may be made through Charterwood on .
Contact Stuart Sly -
or Rosie Brenton -