Retail Premises

The property comprises a terraced building with an extensive ground floor retail shop and was most recently occupied as a lifestyle clothing store.

St Marys is the largest island that form the Isles of Scilly which is an archipelago lying to the south west of the Cornish mainland around 28 miles distant and reached by sea from Penzance and air from Lands End and Newquay airports. St Marys is a very popular holiday destination and the main commercial centre for the Islands. This property is situated in the heart of Hugh Town and there are a range of other retail units in the vicinity.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Ground floor retail sales: 166.15 sq m (1,788 sq ft)
Ground floor stores: 10.80 sq m (116 sq ft)
GF floor staff/ kitchen/office: 23.90 sq m (257 sq ft)
Total GF NIA: 200.85 sq m (2,162 sq ft)

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £32,750, reference 4021000180610. Therefore making the approximate Rates Payable £16,342 per annum for 2022/23. From the 1st April 2023 a new rating list comes into effect which will see the approximate Rateable Value reduce to £28,000, making the Rates Payable £13,972 per annum for 2023/24.

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.

D (87) - Ground floor

Each party to be responsible for their own legal fees in relation to this transaction.

We are advised by our clients that VAT is not applicable.