Investment Consideration:
Vacant possession
ERV: £18,000 p.a. GIY: 12.00%
VAT is applicable to this property
Comprises large ground floor retail shop
Suitable for variety of uses (Class E)
Located in the heart of the town centre with occupiers close by including Barclays, Specsavers, O2, Ryman and many more.
Property Description:
Comprises double fronted ground floor shop, providing the following accommodation and dimensions:
Ground Floor: 170 sq m (1,830 sq ft)
Open plan retail, Office, Kitchen, Store, WC
Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
The property is situated in the popular tourist resort of Penzance, on the western side of the principal retailing pitch of Market Jew Street, and 300 metres from Penzance Railway Station. The property is located a short distance from Wharfside Shopping Centre, which includes retailers such as Costa, Iceland and numerous independent retailers. Nearby retailers include Tesco Express, Co-op Convenience Store, Boots the Chemist, Superdrug, WHSmith, Sports Direct, Saltrock, Domino's and JD Wetherspoon.
