Investment For Sale, Newquay, Cornwall
4 photos
Property ID: 158077
£2,000,000 Freehold
The Beach, Newquay, Cornwall, TR7 3NB
Type
Investment
Status
Available
Size
0 sq ft
Key Features
- INVESTMENT OF 10 BEACHSIDE APARTMENTS
- FULLY LET AT A RENT OF £200,000 PER ANNUM
- OVERLOOKING PORTH BEACH, NEWQUAY
- LEASE AVAILABLE UPON REQUEST
- FULL RESIDENTIAL USE PERMITTED
- ENERGY PERFORMANCE ASSET RATINGS BETWEEN B (82) AND C (77)
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Description
This Substantial And Exciting Investment Opportunity Is Available Immediately. The Development Comprises Nine Purpose-built Apartments (2010) Plus One Converted From A Former Retail Unit (circa 2017), Arranged Over Two Floors. The Building Has A Distinctive "wave" Form Roof, Rendered Elevations, And Balconies Or Terraces To All Flats. Each Apartment Provides Open-plan Accommodation With Two Or Three Bedrooms (most With A Master En-suite), And A Family Bathroom. A Private Car Park To The Rear Provides Ten Allocated Spaces.<br/><br/>the Block Is Let In It's Entirety To Modus Care Limited On A 15 Year Lease Expiring On 31 October 2039. There Are Annual Mutual Break Options And The Lease Is Contracted Outside Of The Provisions Of Sections 24 - 28 Of The 1954 Landlord And Tenant Act. A Full Copy Of The Lease Is Available On Request.
Location
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