Prime trading location
Consistent sales and profits
Remainder of renewable lease
The Glasshouse occupies a prominent trading location on Eddystone Road in Wadebridge, one of the principal vehicle pedestrian thoroughfares into the attractive North Cornish market town of Wadebridge, which is well known as being on the Camel Estuary, flowing out to Rock and Padstow. Wadebridge has seen significant investment in recent years in residential and commercial development and is generally considered a very popular small town in which to live and work and draws on high levels of visitors both in and out of the season.
Remainder of 20 year Lease commenced 30th August 2002, for an initial period of 20 years, which enjoys the Security of Tenure Provision, i.e. Automatically renewable and has a 3 year rent review. We are advised the current passing rental is £8,700 per quarter and in addition our clients rent a store room (under the same building) at a cost of £500 per quarter. The business is held on a proportional full repairing and insuring basis.
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