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Commercial Property for sale

34, Fore Street, FOWEY, Cornwall

Sold STC £350,000

Property Description

Key features

  • Freehold commercial investment opportunity.
  • Generates an approximate yield of 6.4%.
  • Retail shop leased on a new 10 year lease to Quba Sails.
  • Rental income of £22,500 per annum.
  • A grade 2 listed building.
  • The first and second floor apartment was sold in 2015 on a 999 year lease.
  • Located in the centre of Fowey's main commercial street.

Full description

Tenure: Freehold

A freehold investment property in the centre of Fowey, comprising a retail shop on the ground floor. It is leased to Quba Sails on a new 10 year lease, at an annual rent of £22,500. There is a break clause and a rent review in five years. It is a full repairing lease with an investment yield of approximately 6.4%.

The commercial dimension are:

Shop
40ft 3in max x 11ft 8in max

Changing area
11ft 4in max x 5ft 1in max

The first and second floor maisonette was sold in 2015 on a 999 year residential lease.
Location Information The property is situated in the centre of Fowey. Fowey is a bustling sailing port on the Fowey Estuary on the South Cornish coast, set in stunning countryside, with dramatic beaches nearby. Fowey town centre has an eclectic mix of independent shops and colourful restaurants, and is a pleasure to explore. It is a wonderful place to live as well as visit.



Property ref: 121_903_3792405


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Disclaimer - Property reference 3792405. 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 Fowey River Estate Agency, Cornwall. 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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