The vendors are offering the opportunity to acquire a Grade II listed retail premises occupying arguably one of the most sought after and prominent locations within the harbour town of Padstow.

The vendors are selling the long leasehold interest which is subject to the existing tenants occupying the remainder of a 12 year lease and the current rent passing is £36,000 per annum.

AGENTS NOTE - The business which is run by the current tenants is NOT for sale.

The retail premises comprises of 89.8 sqm (966 sqft) of retail and storage space.

The retail area comprises of 33.5 sqm (360 sqft) which is complemented by ground floor kitchen, measuring 30.8 sqm (331 sqft) with ground floor storage.

To the first floor is a further storage area, WC and office. 

The current tenants have run a successful bakery from the premises for almost 30 years.

The current lease is for a 12 year term commencing in March 2021 with a 3 yearly review pattern and is governed by the Landland and Tenant Act 1954 Part II.

cThe new lease commenced in March 2021 with a three yearly review pattern.

BUSINESS RATES - Rateable value £25,750 per annum. 

The Area

Padstow has a long and ancient maritime history, the harbour being nestled in to the west-side of the Camel Estuary offering protection from the prevailing south-westerly winds. The town boasts a labyrinth of crooked streets sloping down to the harbour where many fine medieval buildings can be found including the 15th century Abbey House on North Quay and the 16th century court house of Sir Walter Raleigh on the South Quay.

The surrounding coastline and countryside has been designated an area of outstanding natural beauty with many of North Cornwall's finest sandy beaches within a five mile radius.

DIRECTIONS - No 1-3 The Strand is situated overlooking the harbour - in arguable one of the most sought after prime retail locations.