Under Offer

Description

The building is a substantial property extending over three stories. There are four individual ground floor retail units available soon. Each unit will include its own glazed shop frontage, storage and toilet facility. The units have been created from storage and preparation areas previously utilised by the nationally renowned Philip Warren Graziers and Craft Butchers, who have traded from the building since 1979. The butchers shop (Unit 1) includes the red brick paved area to the front (access is to be maintained for the White Hart Arcade and the adjacent White Hart Hotel). The units can be taken individually or combined as required. The existing use class is understood to be A1 (shops and retail outlets) although the units could be suitable for various alternative uses (subject to obtaining appropriate planning consents).

Accommodation

The units are accessed from White Hart Arcade, which links Madford Lane to the Town Square. A recessed pavement area in front of the butchers shop (Unit 1) links Westgate Street to Broad Street and White Hart Arcade making this one of the busiest parts of the town centre. There are four units available as hatched on the plan opposite (alternatively the property can be taken as one). Unit 1 includes a significant dual aspect shop frontage and external brick paved area. Each unit will have its own toilet and storage areas as shown on the plan and units 2 and 3 will have new glazed frontages as shown on the elevation drawing on the next page. Free time restricted on street parking is available to a number of the surrounding streets and there are also public car parks nearby (Multi-storey and Race Hill). Please note that area calculations are approximate and are taken from proposed planning drawings and as built measurements are likely to vary once the units are constructed.

Legal Costs

Prospective tenants will pay the landlords reasonable legal costs to prepare any lease. Subject to a maximum of £950 plus VAT.

Price

Annual rent sought for the units are as follows: Unit 1: £13,500 Unit 2: £5,900; Unit 3: £5,400; Unit 4: £3,900.

Terms

Units are available on an effective full repairing and insuring basis. The proportional cost of buildings insurance will be paid by the Tenant (estimated premium to be confirmed). Repairs and maintenance of the building will be split proportionally with other occupiers (terms can be negotiated). The landlord envisages a lease term of three years or more. The units will be available with vacant possession.

Business Rates

The individual units will need to be revalued for rates upon completion of the proposed work. Information concerning how rates are calculated are available on the Cornwall Council website. It is likely prospective tenants could be eligible for small business rates relief (to be confirmed with Cornwall Council prior to agreeing terms).

VAT

The property is not elected for VAT and as such VAT will not be chargeable on the rent.

Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.

Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire BSc(Hons) MRICS on: 01208 812 812

For full details please download the PDF Brochure, which also contains some useful links.