17 / 18 Market Street Falmouth TR11 3AF

  • 17 / 18 Market Street<br>Falmouth<br>TR11 3AF

17 / 18 Market Street
Falmouth
TR11 3AF

Freehold Retail Investment

  • Entirely let to WHSmith Retail Holdings Limited
  • Prominent town centre location
  • 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    Withdrawn Prior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
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Entirely let to WHSmith Retail Holdings Limited
  • Prominent town centre location
  • 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  • Status Withdrawn Prior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).

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Temple Bright 81 Rivington Street
London
EC2A 3AY
Iain Macfarlane 0207 1398 220Iain.Macfarlane@templebright.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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