• LOCK-UP RETAIL PREMISES IN A PROMINENT LOCATION
• AVAILABLE BY ASSIGNMENT OF THE EXISTING LEASE
• 580 SQ FT (53.9 SQ M)
• EPC - APPLIED FOR
A ground floor lock-up retail unit located in a prominent position on The Platt, in the heart of Wadebridge. The premises comprises a retail area of 36.1 sq m (388 sq ft) together with a rear store, kitchen and WC. The premises are offered by way of assignment of the existing lease which is for a term of 6 years from 21st September 2018 at an annual rental of £13,000 per annum exclusive. Premium Offers are invited.
Wadebridge is located within North Cornwall and is a market town which has developed on the banks of the River Camel. The town is located approximately 8 miles by road from Bodmin, a similar distance from Padstow and is located adjoining the A39 trunk road. The town, together with the surrounding catchment area, has a resident population of just over 16,000 people and supports a number of local industries. It is a popular tourist location and its significance has been enhanced since the development of the National Cycle Network with the Camel Trail, a dedicated cycle/walking route connecting Padstow with Bodmin, proving to be one of the more popular attractions.
The property is located on The Platt, one of the principal retailing areas in Wadebridge close to its junction with Molesworth Street. The neighbouring retailers are local traders which is a feature of the town although it does support a number of national retailers such as Boots, Co-Op and Moss Bros. This unit is located close to the Co-Op, next door to the Town Hall and opposite the Post Office. The unit benefits from being close to a large car park and the pedestrian crossing leads to the unit, meaning it benefits from a large footfall.
The unit is available by way of assignment of the existing lease which is for a term of 6 years from 21/09/2017 on proportional full repairing and insuring terms at an annual rental of £13,000 per annum exclusive. The lease provides for a tenant only break and rent review on the 3rd anniversary. Offers are sought for the lease by way of an ingoing premium.
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