COMMON USE CLASS: A1 Shops
Camelot Court is a landmark historic property located in the heart of Penzance, West Cornwall’s principal shopping town, with a permanent population of 21,000 which increases in the summer season. The town has good transport links via the A30 and A394 Trunk Roads and regular rail services to London. The premises are close to St John’s Hall and a public car park is directly behind Camelot Court. The complex incorporates a total of 13 shops and offices including a popular restaurant, hairdresser, craft shop, beauty salon and professional offices. The property is half a mile from Penzance Railway Station with links to London Paddington and 42 miles from Newquay Airport with links to London Heathrow.
The unit comprises a ground floor retail space of 326.9 sq. ft (30.37 sq. m) featuring window frontage onto Alverton Street. The property’s entrance is well located, off the busy Clarence Street Car Park, Penzance. Alternatively, there is an entrance from Alverton Street, accessed via stairs from lower ground to ground floor.
Sq. Ft Sq. M
Shop 2 326.9 30.37
Terms & Rent Leasehold £5,000 pa. No VAT is chargeable on this rent. The service charge percentage payable is 4.34% totalling circa £500 per annum.
Potential tenants are advised to make their own enquiries to Cornwall Council; Tel: 0300 1234 151; Email: [email protected]; Cornwall.gov.uk
The property has a current EPC rating of C-55.
Under the Finances Acts 1989 and 1997, VAT may be levied on the rental . We recommend that the prospective tenant established the VAT implications before entering into any agreement.
Each party to bear their own legal costs incurred in the transaction. However, if the prospective leaseholder/licensee aborts the transaction for any reason then they will be responsible for the landlord’s legal costs.
We understand the shop has mains electricity, connected. However, these services have not been tested by the agents. Interested parties should make their own enquires.
It is the responsibility of the tenant of the property and anyone else who has control over it and/or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2006 (CAR 2006). The detection of asbestos and asbestos related compounds is beyond the scope of Smart Commercial Property and accordingly we recommend you obtain advice from a specialist source.
The rateable value is £3,700 as of 2017. Interested parties should make their own enquiries of the local authority to ascertain the exact rates payable. Cornwall Council, Carrick House, Pydar Street, Truro, Cornwall TR1 1EB. Tel: 01872 224397, e-mail: [email protected] or enquiries can be made on-line at the VOA website: www.voa.gov.uk.
Contact us via [email protected]