Market Street, Falmouth, Cornwall, TR11

LOCATION
Falmouth is undoubtedly one of Cornwall's most thriving and lively towns, offering a unique lifestyle, bustling town centre and beautiful beaches. Voted as the best place to live in the UK by readers of The Sunday Times, Falmouth offers many attractions such as Pendennis Castle, National Maritime Museum, an excellent retail offering, pubs, bars and restaurants. The combination of maritime heritage and modern creativity, largely generated via the growing university, makes the town a hugely popular spot. It is a constant carnival during the summer months, yet still energetic in the winter, offering great food festivals and sea shanties to keep all entertained year round. A railway line takes you to Truro in under half an hour. More specifically, 50 Market Street occupies a prime position within the centre of Falmouth town. The building neighbours various national and local retailers, including Superdrug, W H Smith, Poundland, Holland & Barrett, Costa, Nero and Boots.

PROPERTY
The building is currently occupied by Mountain Warehouse whose lease expires on 11 June 2025. A substantial Grade II Listed property with broad open-plan level shop front to the ground floor and a large open-plan stock room to the first floor, offering over 13,000 sq ft in total over 5 floors. The ground floor briefly comprises a large dual aspect retail area, with stairs rising to the first floor, which briefly comprises a large dual aspect open-plan area, WC, disused lift shaft and access to a disused stairwell. A separate door and stairwell leads to the second floor which has an open-plan area. The basement comprises 2 bathrooms and several self-contained rooms.

PLANNING
Planning Use Class E.

SERVICE CHARGES
TBC.

CEPC
Rating D (86).

PREMIUM
Nil.

LEASE TERMS
Terms of the fully repairing and insuring lease are to be negotiated. Our client is seeking a circa 10 year lease.

BUSINESS RATES
The property is assessed as follows: Rateable Value: £77,000 UBR (24/25): £54.6p.

LEGAL COSTS
Each party to bear their own legal costs.

CODE FOR LEASING BUSINESS PREMISES
Laskowski & Co advises all interested parties to seek professional advice prior to entering a commercial lease. We refer prospective tenants to the RICS Code for Leasing Business Premises, 1st Edition.

VAT
If applicable, VAT will be charged at the standard rate.

SERVICES
We understand mains electricity, gas, water and drainage are connected to the property.

VIEWINGS & ENQUIRIES
All enquiries and viewing requests are to be made directly through Laskowski & Co Commercial.