PRIME RETAIL INVESTMENT

REDUCED RENT

East Street The Ark , , TR7 1DN INVESTMENT SUMMARY:

• Prominent A1/A2/A3 retail development

• Thriving tourist destination

• Prime retail/leisure pitch with sea views and outdoor seating area.

• GIA - 4078.87 sq ft (378.94 sq m)

• New lease available

• £67,500 per annum

The Ark, East Street, Newquay, Cornwall, TR7 1DN LOCATION Newquay is a popular town situated on the north coast of Cornwall, supporting a district population of approximately 95,000.

The town is a popular tourist destination and gets very busy during the summer months. Fistral beach, which is situated in the town, is an internationally renowned surf spot and the town itself offers a busy high street and vibrant nightlife.

The town is located circa 15 miles north of , circa 15 miles north-west of and is well served by the A30, A39, A392 and A3059 trunk roads. The A30 has received significant investment over recent years and has improved the drive time between Exeter and .

Newquay train station connects with nearby Par, which provides a main line service to London Paddington. The currently expanding Cornwall Airport Newquay is approximately 5 miles from the town centre and provides regular flights throughout the UK and to an increasing number of European destinations.

The Ark, East Street, Newquay, Cornwall, TR7 1DN Newquay

Experian Goad Plan Created: 05/04/2017 50 metres Created By: Miller Commercial LLP Copyright and confidentiality Experian, 2017. © Crown copyright and database For more information on our products and services: rights 2017. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011

The Ark, East Street, Newquay, Cornwall, TR7 1DN SITUATION The Ark is situated in a prominent position on Towan Square, just above the Blue Reef Aquarium and on the junction between East Street and Bank Street, Newquay’s prime retail pitches. Nearby occupiers include Subway, KFC, Barclays Bank and Rip Curl and the development itself is occupied by Prezzo and Frankie and Benny’s.

DESCRIPTION The Ark is a retail development offering a total of c.12,000 sqft of accommodation for A1/A2/A3 uses. The site’s elevated position allows for views over the harbour and additional outside seating areas. Units 1 and 2 are let to Prezzo and Frankie & Benny’s and the remaining prominent double height corner unit is available. The unit offers ground floor retail/leisure accommodation of 2,700 sqft with a double height entrance/reception space, and first floor retail/leisure accommodation of 1,500 sqft. The unit is to be let in a shell condition and is ready for tenant to fit out. Should an occupier require additional accommodation the unit provides scope to extend the first floor area.

The Ark, East Street, Newquay, Cornwall, TR7 1DN LEASE TERMS A new proportional repairing and insuring lease is offered on terms to be agreed. LEGAL COSTS Each party to bear their own costs. RENT £67,500 per annum exclusive. EPC The Energy Performance Rating for this property is within Band “B”. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171. The property will be assessed for business rates once construction has completed and the building is ready for occupation. SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VAT All the above prices/rentals are quoted exclusive of VAT, where applicable.

The Ark, East Street, Newquay, Cornwall, TR7 1DN The Ark, East Street, Newquay, Cornwall, TR7 1DN FURTHER INFORMATION

For further information or an appointment to view please contact:

Mike Nightingale MILLER COMMERCIAL Tel: 01872 247 008 [email protected]

Tom Smith MILLER COMMERCIAL Tel: 01872 247 013 [email protected]

Sean Prigmore LAMBERT SMITH HAMPTON Tel: 0207 1982 238 [email protected]