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No longer on the market

This property is no longer on the market

EPC

Property

Under offer
Property
Added > 14 days

Features and description

  •  grade ii listed retail premises occupying prime location
  • Gross floor area 89 sqm (966 sqft) 
  • Comprising of:
  • Retail area 33.5 sqm
  • Kitchen 30.8 sqm
  • Storage at ground and first floor level
  • Separate wc
  • Office   

The vendors are offering the opportunity to acquire a Grade II listed retail premises occupying arguably one of the most sought after and prominent locations within the harbour town of Padstow.

The vendors are selling the long leasehold interest which is subject to the existing tenants occupying the remainder of a 12 year lease and the current rent passing is £36,000 per annum.

AGENTS NOTE - The business which is run by the current tenants is NOT for sale.

The retail premises comprises of 89.8 sqm (966 sqft) of retail and storage space.

The retail area comprises of 33.5 sqm (360 sqft) which is complemented by ground floor kitchen, measuring 30.8 sqm (331 sqft) with ground floor storage.

To the first floor is a further storage area, WC and office. 

The current tenants have run a successful bakery from the premises for almost 30 years.

The current lease is for a 12 year term commencing in March 2021 with a 3 yearly review pattern and is governed by the Landland and Tenant Act 1954 Part II.

cThe new lease commenced in March 2021 with a three yearly review pattern.

BUSINESS RATES - Rateable value £25,750 per annum. 

The Area

Padstow has a long and ancient maritime history, the harbour being nestled in to the west-side of the Camel Estuary offering protection from the prevailing south-westerly winds. The town boasts a labyrinth of crooked streets sloping down to the harbour where many fine medieval buildings can be found including the 15th century Abbey House on North Quay and the 16th century court house of Sir Walter Raleigh on the South Quay.

The surrounding coastline and countryside has been designated an area of outstanding natural beauty with many of North Cornwall's finest sandy beaches within a five mile radius.

DIRECTIONS - No 1-3 The Strand is situated overlooking the harbour - in arguable one of the most sought after prime retail locations. 

 

About this agent

Cole Rayment & White - Padstow
Cole Rayment & White - Padstow
3 Duke Street Padstow, Cornwall PL28 8AB
01841 218993
Full profileProperty listings
Not all estate agents are the same A popular misconception is that all Estate Agents are the same but this is simply not the case. An Agent does not simply find a purchaser but a very important part of our role is to proceed the sale to a satisfactory conclusion. We have the experience and local knowledge to ensure that our fall through rate is kept to an absolute minimum. Years of experience gives us a tremendous advantage. We provide customised sales packages Our customised sales packages assist with the successful marketing of properties, including regular national press advertising in the Sunday Times and Saturday Telegraph as well as local coverage in Western Morning News, Cornwall Property Paper, Cornish Guardian and other local publications. We also provide feedback from every viewing appointment as well as regular marketing updates including the number of “hits” the property has received on the internet. We employ highly trained staff We employ trained and motivated personnel who have a thorough knowledge of this beautiful part of North Cornwall. Jeff Cole and Peter Olivey are members of the Royal Institute of Chartered Surveyors and Cole Rayment & White are regulated by RICS. Guild Members are experts in their local area, understanding the importance of selling a property to the right buyers, for the right price, in the shortest period of time. The Guild of Professional Estate Agents ensures that Guild Members and their staff are regularly trained and fully qualified in Estate Agency practice and customer service, under The Guild Associate Scheme. We have always been proud to belong to The Guild, which represents the highest standards in independent estate agency. Guild Associate status, recognises knowledge, skills and professional competence, so we can also justifiably claim to have the best-trained team in the Camel Estuary area. We market your property locally and worldwide We are members of The Guild of Professional Estate Agents which is a national network of over 700 independent estate agents with access to the lucrative London and international investor markets. Through The Guild we have a unique National Property Centre in central London and using state of the art technology touch screens, properties within our register are at the fingertips of thousands of potential buyers 24 hours a day 7 days a week. The offices located in Padstow and Rock are delighted to have opened two Fine & Country branches which operate within the well-established Cole Rayment & White core brand. Fine & Country has offices in over 275 locations worldwide and the new offices in Padstow and Rock extends the company’s presence in Cornwall. With the Fine & Country offices based in Park Lane, London, the brand not only has national coverage but also international representation. Cole Rayment & White truly has the best of both worlds for buyers and sellers alike, having excellent local knowledge and experience, coupled with national connections.
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