Available
Penzance – Double Fronted Shop
3/4 Market Jew Street, Penzance, Cornwall TR18 2HNVirtual Freehold Retail Investment
Investment Consideration
- ERV: £18,000 p.a. GIY: 10.91%
- Comprises large ground floor retail shop
- Suitable for variety of uses (Class E)
- Located in the heart of the town centre with occupiers close by including Barclays, Specsavers, O2, Ryman and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises double fronted ground floor shop, providing the following accommodation and dimensions:
Ground Floor: 170 sq m (1,830 sq ft)
Open plan retail, Office, Kitchen, Store, WC
Ground Floor: 170 sq m (1,830 sq ft)
Open plan retail, Office, Kitchen, Store, WC
Tenancy Description
Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location Description
The property is situated in the popular tourist resort of Penzance, on the western side of the principal retailing pitch of Market Jew Street, and 300 metres from Penzance Railway Station. The property is located a short distance from Wharfside Shopping Centre, which includes retailers such as Costa, Iceland and numerous independent retailers. Nearby retailers include Tesco Express, Co-op Convenience Store, Boots the Chemist, Superdrug, WHSmith, Sports Direct, Saltrock, Domino's and JD Wetherspoon.