Prime Retail Lock Up Shop Over Looking Harbour For Sale

Business description

We are delighted to offer to the market this superb prime retail shop in Mevagissey on a leasehold interest known as the Quayside. This lock up shop is available on a new flexible 5 or 7 year lease on FRI Terms and will be agreed with the landlord.

Please click on the Contact Seller button below for further information.

LOCATION
Mevagissey is a very popular working fishing harbour and is one of the gems of Cornwall which is situated on the south coast. This is a popular tourist location which attracts lots of footfall during the summer months and is popular with local visitors during the winter. The fishing port is approximately 3.8 miles from St Austell. Mevagissey is a good base for holiday makers due to its central location to some of the tourist attractions like Heligan Gardens and the Eden Project.

SITUATION
This is a rare opportunity to take on this superbly located retail shop right on the quay. The existing tenants are vacating the property at the end of November 2010. There will be no premium to pay as an ingoing for this prominent shop overlooking the harbour. The shop is situated in one of the most desirable retail locations in Mevagissey. The property is Grade II listed and therefore any external alterations are highly unlikely without obtaining listed building consent.

RETAIL- (5.1m x 6.9m)
The quayside retail area is accessed from the harbour side and as you enter you go up a few steps to the main retail area. The shop is laid out as one open plan space with spotlights above and original wooden floor boards. The existing use for the shop is A1 and the landlord will not give consent for A3 change of use. The shop is to be re-decorated before any new tenant occupies the space. The landlord has agreed that should any retailer wish to make any minor alterations internally then this should not be a problem but will need approval. The landlord will grant permission for signage on the external wall. From a separate door off the quay is,

CHAIR LIFT & STORAGE AREA (4.1m x 1.4m)
This is accessed from a separate door and has a DDA compliant chair lift with some storage space. The existing tenants have never had to use this lift.

LEASE-
This will be a new lease for a 5 or 7 year term with a concessionary rent of £10,000 for the first year then increasing to £11,000 until rent review at the end of year 3. The lease will be on FRI Terms so the tenant will be responsible for anything internal. The rent is to be paid monthly in advance by way of standing order. Each party will be responsible for their own legal costs. The tenant will be responsible for a quarter share for the insurance of the property which is estimated at £100 pa.

BUSINESS RATES-
The shop pays £7,600 pa

Property information

Property:

Leasehold