Available due to relocation of St Just Town Council
Vacant ground floor offices
First floor tenanted offices until Sept 2020 with potential to renew subject to terms
Potential for further commercial occupation or residential conversion
Former bank in town centre location
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The property comprises a former bank which has been occupied by St Just Town Council for many years on the ground floor while the upper parts are self contained and separately let to another occupier.
St Just is Cornwall's westernmost town lying 8 miles west of Penzance along the A3071. It has a range of local shopping and other amenities including a secondary school.
This property is situated in a central location on Bank Square which along with the adjacent Market Square form the town centre and nearby occupiers include various retail units, galleries and food and drink establishments.
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Ground floor offices and ancillary 122.43 sq m 1,318 sq ft
First floor offices and ancillary 102.33 sq m 1,101 sq ft
Total 222.76 sq m 2,419 sq ft
A pre- application response has been obtained, reference PA19/02632/preapp, a copy of which can be provided on request. This concludes that the conversion of the property for residential use is an option subject to planning and building regulations as required.
Rent / Price
Offers in excess of £175,000
The freehold is available with a guide price of offers in excess of £175,000.
The ground floor will be vacant on completion. The first floor is let at a rental of £6,000 per annum. The first floor lease is due to expire in September 2020. The tenant's have expressed a willingness to discuss renewal with a new owner or alternatively vacant possession could be available if required.
The future use of the property will be restricted to either commercial or up to two residential dwellings.
From the Valuation Office Agency website we understand that the current Rateable Value for the ground floor is £7,900 reference and the first floor is £8,800 reference effective from the 1st April 2017.
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
EPC rating F - 128
Each party to be responsible for their own legal fees incurred. VAT
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