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Substantial Retail Investment Property In Falmouth For Sale

Falmouth, Cornwall, UK
Asking Price:
£750,000
Turnover:
£55,000
Net Profit:
£55,000

Rare opportunity to acquire a large-scale Grade II listed retail building in a prime Falmouth high street location with flexible lease or purchase options.

This substantial commercial property extends to approximately 14,319 sq ft arranged over five floors, offering exceptional retail and commercial space in one of Falmouth’s busiest trading positions. The building is currently occupied by Mountain Warehouse, with the lease due to expire in June 2025, presenting a valuable opportunity for investors or owner-occupiers.

The ground floor features a prominent dual-aspect open-plan retail area with excellent frontage, while the first floor provides a large open-plan sales or storage space. Additional upper floors and basement areas offer further flexible accommodation including multiple rooms, storage areas, and facilities, making the property suitable for a wide range of uses under Use Class E.

Located on Market Street in the heart of Falmouth’s retail district, the property benefits from high footfall within a pedestrianised zone (10am–4pm daily) and is surrounded by major national and independent retailers including Superdrug, WH Smith, Poundland, Holland & Barrett, Costa, Caffè Nero, and Boots. The property also enjoys rear water views and excellent access to transport links and local amenities.

This versatile asset is available either to let on a new lease (circa £55,000 per annum) or to purchase freehold, offering flexibility for investors, developers, or businesses seeking a flagship location.

Enquire now to secure this landmark retail property in one of Cornwall’s most desirable commercial locations.

Property Information

Property:

Freehold

Premises Details:

Grade II listed commercial building arranged over basement, ground, first, second, and third floors, totalling approximately 14,319 sq ft. Includes large open-plan retail areas, storage, and ancillary spaces.

Size in square feet:
14,319 sq ft
Planning Consent:

Use Class E

Business Operation

Expansion Potential:

Significant scope for reconfiguration, redevelopment, or alternative use (subject to planning), including retail, leisure, or mixed-use opportunities.

Competition / Market:

Prime high street location surrounded by strong national and independent retailers, ensuring consistent footfall and commercial demand.

Reasons for selling:

Asset disposal / lease expiry opportunity

Trading hours:

Flexible, subject to local regulations