Lot 43 Commercial InvestmentAuction Date:
5th May 2022
4 The Green Market, Penzance, Cornwall, TR18 2SH
Currently let at £16,500 per annum
A ground floor commercial unit situated within the town centre of the popular Cornish town of Penzance. The property is let to a well-established firm of Estate Agents on a 20-year lease from 2009.
Accommodation
Open plan office, further room with kitchenette and staff toilet.
Tenancy
Let on a 20-year commercial lease (less one day), from 10th July 2009, at a current rental of £16,500 per annum with no break clause provision.
Tenure
To be offered with a new 999-year lease, a draft copy of which will be available to download from the Clive Emson website.
Auctioneer's Note
For information relating to the rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
