The property comprises of a ground floor lock up shop currently let to Lloyds Bank (who are vacating) located in a corner position at the junction of Chester Road and Glamis Road.
The property is situated within the Chester Road neighborhood shopping area popular with local residents as an alternative to the town center.
The specification includes a glazed shopfront, painted plastered walls, mounted heating/cooling units (note the removal of fittings yet to be finalised with the outgoing tenant
Location
Newquay is Cornwall’s principal holiday/tourist location. It has a growing population and served with transport links including an upgraded railways station and the nearby Newquay Airport (UK and European flight destinations).
It is situated on the north coast of cornwall and is a noted surfing hub. The property is situated within the Chester Road neighborhood shopping area popular with local residents as an alternative to the town center. The neighbourhood supports a variety of local retailers including a spar convenience store, Day Lewis pharmacy and a wide variety of local traders
Accommodation
Total 751 sq ft net approx
Terms
Services We are advised that mains water, drainage and electricity are connected to the property. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.
Planning We are verbally advised that the accommodation has planning consent for bank/business use but any occupier should make their own enquiries to the Planning Department of Cornwall Council. Tel: 0300 1234 151
Business Rates Description Bank and premises Rateable Value £12,500 Interested parties should make their own enquiries to Cornwall Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.. www.voa.gov.uk
Energy Performance Certificate . The EPC Rating is a 99/D and the full certificate can be provided on request.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Lease/Tenure/Terms The property is available for sale or to let on a new full repairing lease with terms to be negotiated. The property is sold with the remainder of a 999 year lease (938 years). The current tenant advises they will be vacating and the Property is expected to be available from July 2025. Please liaise with Alder King to confirm the tenant's date of vacation.
Rent/Purchase Price The Property is offered for sale a quoting price of £215,000 plus VAT. The property is offered to let for £17,000 per annum exclusive of VAT.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits (for leasehold only) Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement
Specification
- Comfort cooling
- Retail
- Kitchenette