penzance, tr18 2hn
RETAIL SHOP WITH FLAT CONVERSION OPPORTUNITY EXCELLENT TOWN CENTRE POSITION GROUND FLOOR SHOP CURRENTLY LET WITH FIRST AND SECOND FLOORS WITH PLANNING CONSENT FOR CONVERSION TO TWO 2 BEDROOM FLATS
FREEHOLD - £165,000
5 MARKET JEW STREET,
PENZANCE, TR18 2HN RENT REVIEWS | LEASE RENEWALS | VALUATIONS | AGENCY | MANAGEMENT
LOCATION The subject property is located in Penzance, the commercial and administrative centre for the former Penwith District of Cornwall, in the very south west of the county. Penzance has a resident population of circa 20,000 persons, being an important market town and tourist destination. The property is situated on Market Jew Street, the town’s principal retailing location adjacent to a number of leading national operators to include Trespass, Ryman and opposite Co-operative food store. DESCRIPTION The property comprises a ground floor retail unit benefiting from a glazed shop front and entrance door leading into the main sales area with partitions to the rear providing storage. The property currently let on a commercial lease to a mobile phone retailer. Stairs lead up to the first and second floors currently offering storage and offices and staff facilities. Planning permission has been granted for the subdivision and creation of two spacious upper floor flats, together with new WC and kitchen area at ground floor under application PA17/04061. Each flat will have its own access off the rear elevation, via Bread Street, with a private outside amenity area ACCOMMODATION The main details of the accommodation are as follows (all measurements and dimensions are approximate): Gross frontage Internal width Shop depth GF sales
12’4” 11’2” 49’8” 554 sq ft
3.75 m 3.37 m 15.11 m 51.46 sq m
GF store First floor Second floor
245 sq ft 560 sq ft 400 sq ft
22.76 sq m 52.03 sq m 37.16 sq m
82.80 sq m 3.41 sq m
(891 sq ft) (37 sq ft)
Proposed Accommodation Ground floor net area Kitchen First Floor Bedroom 2 Bedroom 1 Bathroom Lounge\Kitchen\Diner
3.35m x 3.75m 3.02m x 3.73m 2.95m x 1.85m 3.28m x 8.68m
Second Floor Bedroom 2 Bedroom 1 Bathroom Lounge\Kitchen\Diner PRICE £165,000
3.43m x 3.66m 3.99m x 2.86m 2.78m x 1.95m 3.22m x 7.18m
TENURE Freehold , subject to the existing ground floor lease the salient points are as follows: Term Repair Lld Works Rent
2 years from July 2017, landlord and tenant break clause, providing 2 months’ written notice at any time Internal repairing subject to schedule of condition The landlord may install WC and rear kitchen to the rear of the shop, until the work is completed the tenant may use the upper floor facilities. £12,000 per annum
BUSINESS RATES Rateable Value
£14,000
ENERGY PERFORMANCE CERTIFICATE The premises have been classified Band E (112) under Certificate Number 0776-4008-0618-0000-9691. VIEWING/FURTHER INFORMATION Strictly by appointment with: SBC Property Daniell House Falmouth Road Truro Cornwall TR1 2HX Tel: Web site: Email:
01872 277397 www.sbcproperty.com [email protected]
FAO
Barney Peters
These particulars do not constitute any part of an offer or contract. All statements as to the property and business are made without responsibility on the part of SBC Property or the vendor. None of the statements contained herein are to be relied upon as statements or representations of fact. Any potential purchaser must satisfy themselves as the correctness of each statement in these particulars. The vendor does not make or give Scott Burridge Commercial nor any person in their employment has any authority to make any representation or warranty whatever in relation to this property.
Not to scale
FREEHOLD - £165,000
5 MARKET JEW STREET,
PENZANCE, TR18 2HN RENT REVIEWS | LEASE RENEWALS | VALUATIONS | AGENCY | MANAGEMENT
LOCATION The subject property is located in Penzance, the commercial and administrative centre for the former Penwith District of Cornwall, in the very south west of the county. Penzance has a resident population of circa 20,000 persons, being an important market town and tourist destination. The property is situated on Market Jew Street, the town’s principal retailing location adjacent to a number of leading national operators to include Trespass, Ryman and opposite Co-operative food store. DESCRIPTION The property comprises a ground floor retail unit benefiting from a glazed shop front and entrance door leading into the main sales area with partitions to the rear providing storage. The property currently let on a commercial lease to a mobile phone retailer. Stairs lead up to the first and second floors currently offering storage and offices and staff facilities. Planning permission has been granted for the subdivision and creation of two spacious upper floor flats, together with new WC and kitchen area at ground floor under application PA17/04061. Each flat will have its own access off the rear elevation, via Bread Street, with a private outside amenity area ACCOMMODATION The main details of the accommodation are as follows (all measurements and dimensions are approximate): Gross frontage Internal width Shop depth GF sales
12’4” 11’2” 49’8” 554 sq ft
3.75 m 3.37 m 15.11 m 51.46 sq m
GF store First floor Second floor
245 sq ft 560 sq ft 400 sq ft
22.76 sq m 52.03 sq m 37.16 sq m
82.80 sq m 3.41 sq m
(891 sq ft) (37 sq ft)
Proposed Accommodation Ground floor net area Kitchen First Floor Bedroom 2 Bedroom 1 Bathroom Lounge\Kitchen\Diner
3.35m x 3.75m 3.02m x 3.73m 2.95m x 1.85m 3.28m x 8.68m
Second Floor Bedroom 2 Bedroom 1 Bathroom Lounge\Kitchen\Diner PRICE £165,000
3.43m x 3.66m 3.99m x 2.86m 2.78m x 1.95m 3.22m x 7.18m
TENURE Freehold , subject to the existing ground floor lease the salient points are as follows: Term Repair Lld Works Rent
2 years from July 2017, landlord and tenant break clause, providing 2 months’ written notice at any time Internal repairing subject to schedule of condition The landlord may install WC and rear kitchen to the rear of the shop, until the work is completed the tenant may use the upper floor facilities. £12,000 per annum
BUSINESS RATES Rateable Value
£14,000
ENERGY PERFORMANCE CERTIFICATE The premises have been classified Band E (112) under Certificate Number 0776-4008-0618-0000-9691. VIEWING/FURTHER INFORMATION Strictly by appointment with: SBC Property Daniell House Falmouth Road Truro Cornwall TR1 2HX Tel: Web site: Email:
01872 277397 www.sbcproperty.com [email protected]
FAO
Barney Peters
These particulars do not constitute any part of an offer or contract. All statements as to the property and business are made without responsibility on the part of SBC Property or the vendor. None of the statements contained herein are to be relied upon as statements or representations of fact. Any potential purchaser must satisfy themselves as the correctness of each statement in these particulars. The vendor does not make or give Scott Burridge Commercial nor any person in their employment has any authority to make any representation or warranty whatever in relation to this property.
Not to scale
