Your email has been sent.
12 Market St 531 SF of Assignment Available in Falmouth TR11 3AE
ASSIGNMENT HIGHLIGHTS
- An extremely well located licensed café restaurant enjoying a town centre location in the thriving coastal resort of Falmouth
- Excellent trading pitch between The Moor, Prince of Wales Pier and Events Square thus enjoying much pedestrian flow through the town
- Ideal ‘Family Run’ café / restaurant business
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 531 SF | Jul 2033 | $62.84 /SF/YR $5.24 /SF/MO $33,367 /YR $2,781 /MO | Fully Repairing & Insuring |
Ground
Leasehold with the remainder of a 15 year proportional full repairing and insuring lease from July 2018 at a current rent of £25,000 per annum, with a three year rent review pattern. For Sale £50,000 for the Business. Leasehold Purchase Price £50,000.
- Use Class: E
- Assignment space available from current tenant
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Secure Storage
- Energy Performance Rating - B
- Demised WC facilities
- 40-cover restaurant area
- Equipped kitchen
- Preparation area
- Store and cloakroom wc
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 531 SF | Gross Leasable Area | 796 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Restaurant |
| Total Space Available | 531 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 796 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
A restaurant or café has traded from 12 Market Street for approximately four decades, most recently as a licensed restaurant, previously a long-standing coffee shop. The premises have a double fronted shopfront with large display windows and double doors opening into an open-plan restaurant area for circa 40 covers, a servery/preparation room, leading to the commercial kitchen, wash area and dry store. Off the main restaurant area is a well appointed customer cloakroom wc. The café restaurant is situated in the heart of Falmouth’s town centre, one of Cornwall’s most popular coastal and harbour towns. Falmouth has a vibrant local population with a high number of students studying at the local university and attracts large numbers of tourists throughout the year due to the popularity of its large harbour, coastline and beaches at Gyllyngvase, Castle, Swanpool and Maenporth. The premises are situated in Market Street in central Falmouth, amongst a mix of local, niche and national retailers.
- Security System
Presented by
12 Market St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.