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  • 01326 318813
Under Offer
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£90,000

Retail Units to let

Padstow
Leasehold
Sector: Retail
Contact us:
01326 318813
[email protected]
Book a viewing
  • Gallery
  • Summary
  • Key Features
  • Location
  • Details
  • Floor Plan
  • Gallery
  • Summary
  • Key Features
  • Location
  • Details
  • Floor Plan

Summary

Large retail premises situation within the heart of Padstow overlooking the harbour and adjacent to the Band Stand.

Key Features

  • Situated within the heart of Padstow in possibly the best trading pitch within the town.

  • Consideration would be giving to dividing the premises and letting two smaller individual shops.

  • The property CANNOT be used for the sale of hot food or drinks.

    Location

    Floor Plan

    EPC

    Details

    LOCATION

    Padstow lies on the north coast of Cornwall on the western side of the Camel Estuary approximately 7 miles west of Wadebridge. The town has a resident population of 2,993 (2011 Census). The town is popular with day visitors during the holiday season due to its interesting range of shops, its reputation for restaurants, more particularly Rick Stein’s and Paul Ainsworth’s restaurants, together with features such as the harbour, ferry to Rock and the Camel Trail cycle path to Wadebridge and Bodmin. It is one of the busiest holiday destinations in the Country.

    SITUATION

    The premises are situated within the heart of the town in a prime trading spot. Overlooking the Harbour and adjacent to the Bandstand, where visitors congregate to eat their pasties and watch the world go by, the property is in the hub of the town close to all restaurants, shops and car parks.

    DESCRIPTION

    The property presently offers one of the larger retail trading areas in town and is presented in immaculate condition ready for immediate trading. There is a toilet facility, with additional plumbing available to create further facilities, along with small rear storage. Character retail windows are located either side of the wide central doorway which provides additional natural light and, together, the property benefits from its extensive frontage onto the Quay. Consideration will be given to dividing the retail units into two smaller self-contained outlets with toilet facilities and its own retail frontage. The property cannot be used for the sale of hot food or drinks.

    ACCOMMODATION

    Maximum width 10.56 m Maximum depth 5.4 m Total retail area 86.7 m² (933 ft²) Toilet facility and small store Consideration will be given to dividing the premises to two smaller units with a shared recessed access.

    LEASE TERMS

    The unit is available on a new proportional full repairing and insuring lease inside the Landlord and Tenant Act 1954.

    RENT

    £90,000 per annum for both units or potentially £50,000 per annum for each unit individually.

    PREMIUM

    This unique opportunity to take a large retail unit in Padstow rarely arises. Premium offers are sought for the grant of a new lease(s).

    RATES

    Rateable Value Unit 4 – 1st April 2023 – £19,250 Rateable Value Unit 6 – 1st April 2023 – £20,000 For further details on rates payable contact Cornwall Council on 0300 123 4171.

    VAT

    All figures quoted are exclusive of VAT where applicable.

    LEGAL COSTS

    The ingoing tenant to be responsible for the Landlord’s legal fees incurred in the preparation and execution of the lease.

    SERVICES

    Mains electricity, metered water and drainage are connected. We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

    MONEY LAUNDERING REGULATIONS

    In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients and prospective tenants/purchasers that are conducting property transactions through the Company.

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    01326 318813

    [email protected]

    28 High Street, Falmouth, Cornwall TR11 2AD

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