March 2022: Wednesday 02 March 2022 - 9:00am
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    Key features

    • Let to tenant trading as PRH Estate Agents at £16,500 pa (9.71% on Guide Price)
    • 20 year lease from July 2009, expiring 2029 (no breaks)
    • Comprises approximately 79.15 sq m (852 sq ft)
    • Attractive and Popular Cornish Tourist Town
    • VAT-Free Investment

    Description

    The property comprises a ground floor shop currently arranged as an Estate Agent, which forms part of a larger building not included in the sale.

    Additional information

    Tenure

    Long Leasehold. 999 years from completion at a peppercorn rent.


    Accommodation

    Please note that the areas have been taken from VOA and the property has not been inspected by Savills.


    Ground - Office/Retail 79.15 sq m (852 sq ft)

    Total - 79.15 sq m (852 sq ft)


    Tenancy

    Let to an individual trading as PRH Estate Agents for a term of 20 years from 10/07/2009 until 09/07/2029 at a current rent of £16,500 pa. The lease is subject to a rent review on 01/09/2022 and three yearly thereafter.

    Rent

    £16,500 pa
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      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Penzance is an attractive and popular Cornish coastal town approximately 7 miles south of St Ives. The property is located on The Greenmarket, one of the primary retailing thoroughfares of Penzance, at it's junction with Union Street. Nearby occupiers include Boots the Chemist, Trespass, Subway and a number of independent shops, cafes and restaurants.

      Transport

      7 miles south of St Ives


      0.3 miles from Penzance Train Station (direct services to London Paddington)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums