4 bedroom commercial property for sale

East Street, Newquay

£550,000

Property Description

Key features

  • Restaurant leased out at 15,000 per annum
  • Large 2 storey upper accommodation in excellent condition
  • Suit ongoing investment with further development potential
  • Large loft with potential for further letting accommodation
  • Potential residential split for upper floors into smaller units
  • Large rear warehouse and parking available, by separate negotiation
  • New roof, excellent throughout, fully refurbished
  • Town centre location with sea views
  • Semi commercial status does not attract 3% stamp duty levy

Full description

Semi-commercial freehold investment building on East Street comprising a ground floor restaurant let at £15,000 per annum and an extremely large 4 bedroom 2 storey apartment over offering further income potential warehouse and parking also available

Rear, warehouse, parking and outline planning for a 2 bedroom apartment (architect indicates that there is potential for 2 x 2 bedroom apartments, and small 1 bedroom mews type property, subject to planning.)

The Commercial Ground Floor - The ground floor licensed restaurant is let on 6 Year lease from May 2017, with 3 yearly rent reviews at an annual rental of £15,000 per annum.

The Residential Upper Floors - Residential apartment previously rented at £1250 pcm.

Ground floor private entrance door to a:

Long Hallway - Radiator. Internal private staircase leading to:

First Floor Landing - Radiator. Staircase to second floor.

Lounge - 6.45m x 5.41m (21'2 x 17'9) - 4 feature front aspect tall original coloured glass sash windows to the front elevation. 2 radiators. Original open fireplace with large marble hearth, mantlepiece and fireplace surround. Highly decorative and impressive panelled ceiling with moulded coving.

Dining Room - 5.11m x 4.32m (16'9 x 14'2) - Original tiled open fireplace. Radiator. High ceiling. Steps up to rear uPVC double glazed French doors leading onto a private enclosed roof terrace.

Bathroom - 2.95m x 2.21m (9'8 x 7'3) - Seamless flooring. Bath. Low level WC. H&C pedestal basin. Corner shower cubicle. Fully tiled walls. Heated towel rail. 2 side aspect diffused glass uPVC double glazed windows. Internal leaded glazed window to landing with privacy blinds.

Kitchen/Diner - 10.06m x 3.78m (33' x 12'5) - Fitted kitchen. Side aspect uPVC double glazed window. Radiator. Original fireplace. Split with central arch to:

Rear Dining Area - Radiator. Side aspect uPVC double glazed window. Airing cupboard housing the gas fired boiler providing the central heating and hot water throughout. Rear pedestrian door leads to:

Rear Passage - Leading internally to the rear access lane and bin storage.

Second Floor Landing -

Bedroom No.1 - 5.23m x 3.15m (17'2 x 10'4) - Radiator. Fireplace. 2 original front aspect sash windows with some sea views.

Bedroom No.2 - 5.31m x 3.20m (17'5 x 10'6) - 2 front aspect original sash windows with some sea views. Radiator.

Bedroom No.3 - 4.29m x 3.78m (14'1 x 12'5) - 2 rear aspect uPVC double glazed windows. Radiator.

Shower Room - 2.08m x 1.17m (6'10 x 3'10) - Panelled walls. Double walk-in shower with electric shower. Low level WC. Handwash basin and heated towel rail.






More information from this agent

Nearest stations

  • Newquay (0.2 mi)
  • Quintrell Downs (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Start & Co, Newquay

12a Cliff Road Newquay TR7 2NE

01637 470007 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newquay (0.2 mi)
  • Quintrell Downs (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Start & Co, Newquay

12a Cliff Road Newquay TR7 2NE

01637 470007 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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