Retail unit with prominent window frontage and entrance onto the main sales floor situated in Fore Street, the main retailing area and a short distance from the town Quay and waterfront.
Key Features
Grade II Listed Building in prime location
Located in the centre of Fowey on Fore Street, the main retailing area.
First floor storage.
Location
Floor Plan
EPC
Details
LOCATION
Fowey is regarded as one of the most attractive of Cornwall’s waterside towns, situated on the South Cornish coast. The natural harbour is a popular destination for visiting yachtsmen, as well as holidaying tourists, and remains a busy working commercial port, including for visiting cruise ships. The town provides a wide range of shops and businesses catering for both the tourist market and day to day needs, as well as restaurants, boutique hotels and public houses, with primary and secondary schools, a cottage hospital and leisure centre all in close proximity to the town centre. The immediate area is surrounded by many miles of delightful coast and countryside, much of which is in the ownership of the National Trust. Nearby local attractions include the world renowned Eden Project, Lanhydrock House and the Lost Gardens of Heligan. Larger nearby towns include St Austell and Bodmin and there are good road and rail links with easy access to the A38 and A30 and mainline railway connections available at Par, 4 miles to the west, or at St Austell, approximately 8 miles away.
SITUATION
The property is located in the centre of Fowey on Fore Street, the main retail area, and a short distance away from the Town Quay and waterfront. Nearby properties include several retail chains such as Boots, Brocante, Quba and Co, Jo Downs, along with local character restaurants and cafes and holiday accommodation.
DESCRIPTION
This Grade II Listed retail unit offers prominent window frontage and entrance onto the main sales floor. A display box is positioned on the side elevation, providing further visibility. To the rear, there is a kitchenette which could be repurposed for additional retail use, along with a toilet facility. A storage room is located on the first floor.
ACCOMMODATION
Ground Floor Total sales area – potentially 64.6m² (695ft²) Store 4.6m² ( 49ft²) First Floor Store Store 18.9m² (203ft²)
LEASE DETAILS
The property is occupied by Saltrock Surfwear Limited for a 5-year term commencing 9th April 2024 with 3-year rent reviews, 3-year tenant break clause and full repairing and insuring terms. The rent is £30,000 per annum.
SALE PRICE
Offers are sought in the region of £425,000 (Four Hundred and Twenty-Five Thousand Pounds) for the freehold interest, subject to the occupational lease to Saltrock.
BUSINESS RATES
The property has a Rateable Value effective from the 1st April 2023 of £28,000 and is described as a “Shop and Premises”. For further information regarding rates payable and eligibility for small business relief contact Cornwall Council. Tel: 0300 123 4171.
VAT
The property is not registered for VAT, therefore will be no VAT payable on the sale price.
PLANNING
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
LEGAL COSTS
Each party to be responsible for their own legal fees in the transaction.
