Property Information
Address:
3 Pike Street, 3 Pike Street, Liskeard, Cornwall
, PL14 3JE
, Cornwall
, United Kingdom
Price: Property no longer available.
Size: 731 sq ft68 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH647901
Property Ref/Agent: 18768
*Please use the agent ref when calling the agent directly.
Property description
The mid terrace building is in a prominent trading position and comprises a ground floor retail unit and part of the first floor where the WC and kitchenette are located.
The shop is let on a 5-year full repairing and insuring lease until 31 January 2024 at a rent of £5,000 per annum with a rent review in 2022.
There is a mutual rolling break from 31st July 2021 on six months' notice.
Location
This retail property is situated on Pike Street in a prominent trading position within Southeast Cornwall's administrative centre of Liskeard.
Together with a mainline railway station, Liskeard provides a wide range of shopping, schooling, banking and recreational facilities. The A38 also provides access to the town.
The property is within walking distance to the town's main car parks and Pike Street provides access to Fore Street, the town's main pedestrianized shopping street.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Ground Floor Sales - 41.72 sq m (449 sq ft)
Rear Store Area - 26.16 sq m (282 sq ft)
Total - 67.91 sq m (731 sq ft)
Rent / Price
£75,000
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £9,000. Therefore making the approximate Rates Payable £4,491 per annum for 2022/23.
Occupiers may be eligible for Small Business Rates Relief if this is the only property they occupy and/or any other properties they occupy have a rateable value of less than £2,900 each. Qualifying ratepayers will pay no rates on properties with rateable values up to £12,000 with a tapered relief of between 100% and 0% for properties with rateable values between £12,001 and £15,000.
Interested parties are advised to confirm the rating liability with Cornwall Council.
Services
We understand that mains electricity water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
D (76).
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has not been elected for VAT and therefore VAT will not be charged on the price.
Lock up shop
Central Liskeard
Walking distance to the town's car parks
Freehold for sale
Net initial yield of 6.55% allowing for purchaser costs of 1.8%
Of interest to investors or owner occupiers
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