Residential Development for sale1 Commissioner's Quay, Eddystone Road, Wadebridge
Guide Price £375,000
- EXCITING INVESTMENT /DEVELOPMENT OPPORTUNITY
- DESIRABLE WATERFRONT LOCATION
- SUITABLE FOR ALTERNATIVE USES (SUBJECT TO CONSENTS)
- ENERGY PERFORMANCE ASSET RATING (TBC)
Full descriptionAn exciting investment/ development opportunity located in a waterfront position in the popular market town of Wadebridge. 1 Commissioner's Quay comprises circa 1,800 sqft (169 sqm) of accommodation on the ground floor and offers the opportunity to continue the recent Wadebridge developments with a residential or mixed use scheme. The unit is currently let to the Raj Restaurant at a rent of £21,780 pax with 6 years unexpired. The lease is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954.
Location - Wadebridge is located on the Camel estuary on the north Cornish coast with the A39 Atlantic Highway providing access to nearby Padstow and the main A30 trunk road. The building has a waterfront position at the end of a terrace of industrial buildings on Eddystone Road, next to the preeminent Town Quay development. Wadebridge is a busy and vibrant market town in North Cornwall which benefits greatly from tourism, specifically visitors to Rock, Padstow and Polzeath. The town is 25 miles from Truro, Cornwall's capital, and 65 miles from Exeter. The town has been subject to significant development over the last 15-20 years, most notably along the Town Quay with prominent occupiers such as Wadebridge Wines and J Shoes, along with a number of high end apartments.
Description - This is an exciting investment and development opportunity, with a current rental income of some £22,000 for the remaining 6 years of the current term. On reversion there is the opportunity to continue the latest development in the town with a residential or mixed use scheme (subject to necessary consents). The premises are currently occupied by The Raj restaurant under a 20 year Lease expiring 21st December 2021, which has been excluded from the Landlord and Tenant Act 1954.
Schedule Of Accommodation - (All measurements are approximate)
The building occupies a total net internal area of some 1,800 sq ft (169 sq m) on the ground floor with storage above providing an additional 1,000 sq ft (94 sq m) of space.
Legal Costs - Each party to bear their own costs in relation to the transaction.
Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171
Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
Energy Performance Certificate - The Energy Performance Rating for this property is yet to be confirmed.
Vat - All the above prices/rentals are quoted exclusive of VAT, where applicable.
Contact Information - For further information or an appointment to view please contact Brian Botting on 01872 247009 or via email firstname.lastname@example.org
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.
VIEWING: Strictly by prior appointment through Miller Commercial.
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