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.
The property occupies a prominent position on Duke Street and benefits from a ramped pedestrian access leading to an open plan banking hall on the ground floor. There are offices, a strong room and staff facilities on the first floor. Externally, the property is partially tile clad on the upper floors under a dressed slate roof.
A well positioned, highly visible, double fronted, ground floor retail unit in popular Padstow, which enjoys year round visitors, peaking in the summer and bolstered by towns nearby such as Rock and Wadebridge. A new lease is available for a term via negotiation, the passing rent is £35,000 pa.
This property comprises two separate rooms, customer and staff toilets plus a kitchen area. We understand that it is Equality Act compliant (with ramped access and a disabled toilet). The gable end is highly visible from Denison Road and has the potential for signage to be mounted subject to the necessary consents.