Prosperous and popular Cornish tourist destination
Nearby occupiers include Marks & Spencer, Poundland, Moss Bros, New Look, Costa, Mountain Warehouse, Joules and Boots
Lot 43
Auction 7th December 2017
Rent £63,250 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
80 miles west of Exeter, 18 miles south of Newquay, 10 miles south-west of Truro
Roads
A39, A394, A393
Rail
Falmouth Town Railway Station
Air
Cornwall Airport Newquay
Situation
The property is prominently located on the south side of the busy Market Street, equidistant from its junction with Killigrew Street to the west and Church Street to the east. Nearby occupiers include Marks & Spencer, Poundland, Moss Bros, Mountain Warehouse, Costa and Boots.
Tenure
Freehold.
Location
Miles
80 miles west of Exeter, 18 miles south of Newquay, 10 miles south-west of Truro
Roads
A39, A394, A393
Rail
Falmouth Town Railway Station
Air
Cornwall Airport Newquay
Situation
The property is prominently located on the south side of the busy Market Street, equidistant from its junction with Killigrew Street to the west and Church Street to the east. Nearby occupiers include Marks & Spencer, Poundland, Moss Bros, Mountain Warehouse, Costa and Boots.
Tenure
Freehold.
Description
The property comprises substantial ground floor retail accommodation with first floor retail and ancillary accommodation and second floor ancillary accommodation. The property benefits from a substantial window frontage of 11.5m (37ft).
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their
knowledge but the purchaser must rely solely upon their
own enquiries. The Joint Law of Property Act Receivers are
not bound to accept the highest or any offer and are acting
in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises substantial ground floor retail accommodation with first floor retail and ancillary accommodation and second floor ancillary accommodation. The property benefits from a substantial window frontage of 11.5m (37ft).
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their
knowledge but the purchaser must rely solely upon their
own enquiries. The Joint Law of Property Act Receivers are
not bound to accept the highest or any offer and are acting
in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Retail/Ancillary Ancillary
210.3 sq m 172.35 sq m 38.5 sq m
(2,264 sq ft) (1,855 sq ft) (414 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
15 years from 05/08/2004
£63,250
04/08/2019
Totals
421.15 sq m
(4,533 sq ft)
£63,250
(1) For the year ending 31st August 2016, WHSmith Plc reported a turnover of £175,131,000, a pre tax profit of £753,020,000 and a net worth of £461,234,000 (Source: Experian Group 7/11/2017).
