Retail premises to let in Fore Street, Torpoint, Cornwall PL11

Situation:
The property is located mid way within the shopping throughfare of Fore Street, Torpoint accommodating a range of national, regional and local retailers.

Torpoint is situated in the South Eastern corner of Cornwall, adjacent to the River Tamar with good road access to the rest of Cornwall and regular Ferry link to the City of Plymouth located on the opposite side of the river.

Description:
64/65 Fore Street comprises two adjacent self-contained lock-up shops capable of operating as a single unit if required.

The units have uPVC double glazed shop fronts with integral doors to each.

Accommodation:
(All dimensions and areas are approximate)

64 Fore Street
Shop Width 4.05m (13’3”)
Shop Depth 7.85m (25’9”)
Sales Area 31.56 sqm (340 sqft)
Ancillary 13.25 sqm (143 sqft)

WC

65 Fore Street
Shop Width 4.84m (15’10”)
Shop Depth 7.98m (26’2”)
Sales Area 35.41 sqm (381 sqft)
Ancillary 12.01 sqm (129 sqft)

WC

Services:
Mains water, electricity and drainage are connected or available to the properties.

Rateable value:
The property is currently included in the rating list as a single unit at £12,250.

(Re-assessment as two smaller units is awaited and expected to be below the threshold where rates would not be charged under the current system).

Proposition:
The units are available individually on new leases for terms of 3 or more years and drawn on proportional full repairing and insuring terms.

The landlord will also consider letting the property as a whole double fronted unit.

Rent:

64 Fore Street £7,500 p.a.x

65 Fore Street £8,300 p.a.x

Enquiries on rental for the whole via the agent.

VAT:
VAT is not currently chargeable on the rental.

EPC:
The whole property currently has an Energy Performance Rating of E105.

Legal costs:
Each party will be responsible for their own legal costs incurred in the transaction.

Other:
Anti-money laundering (‘aml’) legislation requires property agents to verify the identities of parties involved in property transactions and to determine to legality of funds supporting a property transaction. A party interested in this transaction must provide certain aml information and documents to the selling/letting agent. This also includes documents on those who may run and own the interested party, or the ultimate beneficiary of the transaction.

Viewing and further information:
Strictly by prior appointment through sole agents:-

Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB

John H Slade, BSc mrics