1/2
Investment

Investment For Sale Newquay

PROPERTY ID: 124152

PROPERTY TYPE

Investment

STATUS

Available

SIZE

3,072 sq.ft

Key Features

Multi let investment in Newquay town centre
Leases agreed for renewal will generate £51,200 per annum
Circa 8.10% yield on passing rents at renewal allowing for purchaser's costs of 5.05%

Property Details

Newquay requires little introduction as one of Cornwall's most established and largest resort towns and is also one of the country's leading surfing venues. It has a resident population of around 20,600. Which is set to grow significantly with residential growth on the outskirts. Newquay benefits from a branch line railway service and also hosts Cornwall's airport with regular flights to London and other destinations across the UK and Europe.

The Property Comprises A Row Of Three Separate Retail Units With One Residential Unit Above. Unit 7 Comprises Ground And First Floors. Units 7a And 9 Are Ground Floor Units And There Is A Residential Flat Above. All Four Units Are Let And Income Producing. Location Newquay Requires Little Introduction As One Of Cornwall's Most Established And Largest Resort Towns And Is Also One Of The Country's Leading Surfing Venues. It Has A Resident Population Of Around 20,600. Which Is Set To Grow Significantly With Residential Growth On The Outskirts. Newquay Benefits From A Branch Line Railway Service And Also Hosts Cornwall's Airport With Regular Flights To London And Other Destinations Across The Uk And Europe. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (1st Edition). 7: Ground Floor Main: 47.5 Sq M (511 Sq Ft) Ground Floor Store: 9.7 Sq M (104 Sq Ft) First Floor Main: 82.3 Sq M (886 Sq Ft) Total: 139.4 Sq M (1501 Sq Ft) 7a: Main Area: 36.3 Sq M (390 Sq Ft) Ancillary Area: 6.7 Sq M (72 Sq Ft) Total: 43.0 Sq M (462 Sq Ft) 9: Ground Floor Main: 31.6 Sq M (340 Sq Ft) Ground Store: 14.8 Sq M (159 Sq Ft) Total: 46.4 Sq M (499 Sq Ft) First Floor Flat 56.71 Sqm (610 Sq Ft) Rent / Price Offers In The Region Of £600,000. Business Rates From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Values Are As Follows: - 7: £11,750 Effective From 1st April 2023 Reference 26010341007020 7a: £10,750 Effective From 1st April 2023 Reference 26010341007010 9: £11,250 Effective From 1st April 2023, Reference 26010341009000 Residential Flat - Council Tax Band A. Services 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 7 - C (71) Reference: 9432-3052-0064-0900-2505 7a - D (77) Reference: 0599-0423-0730-2800-8603 9 - D (93) Reference: 9553-3072-0166-0000-2801 Flat - E (52). Reference: 2231-2162-3212-2472-2355 Legal Fees Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction. Vat The Property Has Not Been Elected For Vat And Therefore Vat Will Not Be Charged On The Price.

About the Agent

Investment Unit

£600,000 Freehold

7,Fore Street, Newquay, TR7 1HB
Investment - Available
3,072 sq ft
285 sqm
Show phone number

Enquiry Form

Boxpod will only use your details to send an enquiry to the advertiser and prompt a response. By clicking the Send Enquiry button, you agree to Boxpod's Privacy Policy Please wait for a response. It may take several seconds.

Similar to this property

To Buy
£2500000 Freehold

Newquay, TR7 1ES

Investment

To Buy
£350000 Freehold

Newquay, TR7 1JB

Investment

To Buy
£800000 Freehold

Newquay, TR7 1AY

Investment

To Buy
£395000 Freehold

Newquay, TR7 1BE

Investment

To Buy
£475000 Freehold

Truro, TR2 4DS

Investment

To Buy
£177500 Freehold

Truro, TR1 3DL

Investment

To Buy
£385000 Freehold

Truro, TR1 2QQ

Investment

To Buy
£150000 Freehold

Truro, TR1 3QA

Investment

To Buy
£189000 Freehold

Truro, TR4 8PS

Investment

To Buy
£1750000 Freehold

St Austell, PL26 8TB

Investment

To Buy
£445000 Freehold

Wadebridge, PL27 7DD

Investment

To Buy
£140000 Freehold

Redruth, TR15 3QW

Investment

To Buy
£62500 Freehold

Camborne, TR14 8ER

Investment

To Buy
£725000 Freehold

Falmouth, TR11 3AJ

Investment

To Buy
£1750000 Freehold

Falmouth, TR11 2JB

Investment

To Buy
£230000 Freehold

Falmouth, TR11 3JA

Investment

To Buy
£35000 Freehold

Falmouth, TR11 3EY

Investment

To Buy
£65000 Freehold

Helston, TR13 8AB

Investment

To Buy
£625000 Freehold

Penzance, TR18 2HT

Investment