• DOUBLE FRONTED RETAIL PREMISES

Price:

Leasehold - £31,000

Seller Ref:

C35062

Location:

Cornwall, Penzance

Business Type:

Commercial Property

See Other:

Retail space for sale in Cornwall
Commercial property for sale in Cornwall

Description:

THE BUSINESS:

• PROMINENT LOCATION
• ASSIGNMENT OR SUB-LEASE
• INCENTIVES AVAILABLE
• SUBJECT TO SUB-LEASE ON UPPER PARTS
The premises comprise a 3-storey building of which the vacant parts comprise a spacious retail area on the ground floor with ancillary storage/office accommodation, kitchen and WC facilities at lower ground floor level.

Location Details:

The historic market town of Penzance is West Cornwall’s principle shopping centre. The town benefits from good transport links to the A30 trunk road and regular rail services to London. The premises are located in a prominent position on Market Place opposite the popular Causewayhead area with other occupiers in the vicinity including HSBC, Your Move, Betfred and Dorothy Perkins.

Lease Terms:

The premises are offered by way of the assignment of the existing FRI lease on the whole building which expires 23rd September 2017 which includes a rent review in June 2012. The passing rent under the lease is £36,000 per annum. The upper floors are currently under-let to WCWA at a rental of £5,000 per annum. Alternatively our client may give consideration to the grant of a sub-lease of the ground floor and basement for a term expiring not later than September 2017.