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Concho Lounge Investment, 16 Bank Street, Newquay

£800,000

Business rates & charges may apply

Miller Commercial, Commercial Agency
SIZE

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SECTOR

Commercial development for sale

Key features

  • PRIME TOWN CENTRE INVESTMENT
  • LET ON A TERM TO EXPIRE 7TH DECEMBER 2030 (6.5 YEARS REMAINING)
  • OUTSTANDING COVENANT OF LOUNGERS LTD
  • INCOME OF £60,000 PA
  • REPRESENTS ATTRACTIVE 7.11% NIY ALLOWING FOR PURCHASERS COSTS OF 5.49% (INCL STAMP DUTY AND FEES). GROSS YIELD OF 7.5%
  • EPC RATING - E (103)

Description

Opportunity to purchase the investment of Loungers in a prime location in the centre of Newquay. Let for a term to expire on 7th December 2030, this investment provides an income of £60,000 per annum. the Tenant occupies the ground and first floors, with the benefit of a large beer garden and external bar to the rear. The upper floor flats will be retained on a long leasehold at the same time as the freehold sale.

Brochures

Concho Lounge Investment, 16 Bank Street, Newquay

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newquay Station0.1 miles
  • Quintrell Downs Station2.3 miles

About Miller Commercial, Commercial Agency

Mansion House Princes Street, Truro, TR1 2RF

Miller Commercial, Commercial Agency

Chartered Surveyors and Business Property Specialists

As Chartered Surveyors and Business Property Specialists we offer market leading services across Cornwall, the wider South West and the UK as a whole. We specialise in investment and development, sales and acquisitions, business transfer, valuation and lease consultancy, property management, leasing and letting.

Retained Clients

A significant number of high worth individuals retain our services ready to inve

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Notes

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Disclaimer - Property reference 7965.2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Commercial, Commercial Agency. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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