• Size:
    Undisclosed
  • Usage:
    C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    D

A property investment comprising two shops which are let to an independent artisan coffee operator with a vacant first floor office which has potential (subject to consents) for conversion to a flat. The ground floor is currently let under two leases at an annual rental of £17,000 rising to £19,000 in 2022. The leases are for a term of 12 years from May 2018 and include 4 yearly rent reviews.r

* Mixed Investment Opportunity
* Ground Floor Coffee Shop
* First Floor Offices With Conversion Potential
* Flat Independently Owned Under Long Lease
* Close To The Moor Car Park
* Epc Rating D (78)r

The building is well located within Killigrew Street Falmouth above the area known as The Moor which includes a car park and bus terminus. The premises are located close to Falmouth Marine School and amongst an interesting mix of independent traders.
DESCRIPTION:
The premises comprise two adjoining buildings which includes a coffee shop on the ground floor. The first floor above 37 Killigrew Street has been utilised as a health clinic and will be offered with vacant possession. There may (subject to statutory consents) be potential to convert this space to a dwelling. The first floor above 39 Killigrew Street is owned separately and comprises a flat held under a 99 year lease from 1992.
ACCOMMODATION:
(All Areas and Dimensions are approximate)
37 Killigrew Street - Net Internal Area 32.1 sq m (346 sq ft) including Kitchen and seating area
39 Killigrew Street - Net Internal Area 40.6 sq m (437 sq ft) including kitchen
TENURE:
The premises are held freehold subject to and the benefit of the following:-
37 Killigrew Street - This is let under a 12 year proportional full repairing and insuring lease at a passing rental of £8
PROPOSAL:
The premises are available at an asking price of £250
LEGAL COSTS:
Each Party to bear their own.
VALUE ADDED TAX:
VAT is not payable on this property.
ENERGY PERFORMANCE CERTIFICATE:
There are two Energy Performance Certificates for this property.
37-39 Killigrew Street - D (78)
37a Killigrew Street - E (110)
Both EPCs run to November 2029
CONTACT INFORMATION:
For further information or an appointment to view please contact either:-
Mike Nightingale on ------or via email msn@miller-----------.--.--
Thomas Hewitt on ------or via email th@miller-----------.--.--
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold

The town of Falmouth is a market town