- 7,019 Sq Ft
- INVESTMENT / DEVELOPMENT OPPORTUNITY
- PROMINENT CENTRAL LOCATION
- GROUND FLOOR GENERATING ANNUAL INCOME OF £36,020
- UPPER FLOORS CURRENTLY USED AS OFFICE
- ENERGY PERFORMANCE RATING (E)
An imposing, grade II listed, Georgian premises located in central Penzance. Multi-tenanted ground floor trading space with two uppers floors sold with vacant possession and well suited for either office space or potential residential redevelopment.
Unit 1 - 72.3sqm (778sqft)
Unit 2 - 39.6sqm (426sqft)
Unit 3 - 114.5sqm (1,232sqft)
Total - 223.4sqm (2,436sqft)
Total - 187.0sqm (2,013sqft)
Total - 166.5sqm (1,792sqft)
Grand total - 567.9sqm (7,019sqft)
A well-appointed, impressive Georgian building with accommodation over three floors. Centrally located in Penzance town. The attractive, arcade-style, ground floor is occupied by three retail tenants, with the two upper floors available with vacant possession having been refurbished to a high standard.
The upper two floors are best suited to office use, though these could be converted and would make an attractive prospect for residential occupiers.
Schedule of Tenancies:
Cafe Suite 1:
Lease Expiry: 22/02/2033
Leased By: Cornish Food & Drink Ltd
Office Suite 2:
Lease Expiry: 01/09/2019 (currently holding over)
Leased By: The Beauty Box
Office Suite 3:
Lease Expiry: 02/01/2020 (currently holding over)
Leased By: Seaway Insurance Consultants Ltd
Total Current Rent from Building: £36,020 plus VAT
Interested parties are recommended to walk by and ensure the location and situation is suitable in the first instance. An internal inspection can then be arranged via Redgrave Commercial.