The property occupies a prominent trading location facing on to Cliff Road with the benefit of a return frontage. It comprises a retail/restaurant unit currently fitted out as a takeaway/burger restaurant arranged over 2 stories.
Location
Newquay is one of Cornwall's principal tourist destinations noted for its beaches and range of amenities with a growing population in excess of 23,600. Cliff Road is situated on the eastern periphery of the town centre and is a well-established secondary retail location in close proximity of Newquay railway station. In addition to the station, other occupiers in the area include an Asda supermarket, Travelodge hotel, Aldi and a variety of other takeaways and pubs in addition to a range of independent retailers and tourist businesses.
Accommodation
3,563 sq ft net approx
Terms
Planning We understand the property has a 1985 planning consent for café and takeaway use but any occupier should make their own enquiries to the Planning Department of Cornwall Council. Return to retail use may be possible under ‘Permitted Development’ and all prospective tenants/occupiers must make enquiry of Cornwall Council to confirm in relation to their proposed use.
Business Rates as at 1 April 2023 were £24,250 however 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 64C and the full certificate can be provided on request. Data Room Additional documentation to include plans and other documents is available through SharePoint to seriously interested parties.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate
Code for Leasing 2020. 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. Lease/Tenure/Terms The property is available on a new contributory full repairing lease with terms to be negotiated. Note – The property will be available following departure of the existing tenant in January 2026 and any subsequent required landlord works. Please note various strip out and reinstating works will be undertaken. The final internal specification to be agreed with prospective tenants.
Rent/Purchase Price The property is offered to let for £25,000 per annum exclusive of VAT. Incentives may be available to qualifying tenants.
Legal Costs Each party is to be responsible for their own legal costs.
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.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy AML requirements when Heads of Terms are agreed.