91 Market Jew Street, Penzance, Cornwall, TR18
£191.57 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,305 sq ft
121 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Description
Gross Initial Yield: 8.40%
Rental Income: £21,000 p.a.
VAT is applicable to this property
Comprises two storey retail property with rear yard, trading as a Cornish bakery
Future residential development potential of the upper floor, subject to planning
Let to W.C. Rowe, a bakery established in 1949 and currently trading from 54 locations
Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Property Description:
Comprises two storey retail property t/a Rowe Cornish Bakers at ground floor with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 84 sq m (900 sq ft)
Open plan bakery, kitchen, storage
First Floor: 38 sq m (405 sq ft)
Ancillary accommodation
Total area size: 122 sq m (1,305 sq ft)
Tenancy:
The property is at present let to W.C. Rowe (Falmouth) Limited* for a term of 10 Years years from 1st February 2015 at a current rent of £21,000 p.a. and the lease contains full repairing and insuring covenants. Tenant in occupation since 2010.
* - W.C Rowe were established in 1949 and currently trade from 54 locations across the South West. For the year ended 2nd July 2022 W.C Rowe (Falmouth) Limited reported a Turnover of £27.8M, a pre-tax profit of £1.9M and shareholders funds of £4.5M
Location:
Penzance is a market town and a well established tourist centre on the Cornish Peninsular. The town is bordered to the north and east by the A30, a key arterial route through the South-West of England providing direct access to the M5 Motorway and A303. Penzance rail station is within 265 metres of the property providing direct services to London Paddington, Bristol and Exeter. The property is situated on the south side of Market Jew Street, at its junction with New Town Lane. Occupiers close by include Peacocks, Nationwide, Sports Direct, Mountain Warehouse, Poundstretcher, RNLI Shop & Iceland amongst others.
Brochures
91 Market Jew Street, Penzance, Cornwall, TR18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Penzance Station0.2 miles
- St. Erth Station5.4 miles
- Lelant Saltings Station5.8 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
Disclaimer - Property reference 91market. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.