Skip to content

7 7a & 9 Fore Street, Newquay, Cornwall, TR7 1HB

Offers in Region of
£590,000

£192.06 per sq ft

Business rates & charges may apply

Vickery Holman, Truro
SIZE AVAILABLE

3,072 sq ft

285 sq m

SECTOR

Commercial property for sale

Key features

  • Multi let investment in Newquay town centre
  • Leases agreed for renewal will generate £51,200 per annum
  • Circa 8.55% yield on passing rents at renewal allowing for purchaser's costs of 5.02%

Description

The property comprises a row of three separate retail units with one residential unit above. Unit 7 comprises ground and first floors.
Units 7a and 9 are ground floor units and there is a residential flat above. All four units are let and income producing.



Location

Newquay requires little introduction as one of Cornwall's most established and largest resort towns and is also one of the country's leading surfing venues. It has a resident population of around 20,600. Which is set to grow significantly with residential growth on the outskirts. Newquay benefits from a branch line railway service and also hosts Cornwall's airport with regular flights to London and other destinations across the UK and Europe.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (1st Edition).

7:
Ground floor main: 47.5 sq m (511 sq ft)
Ground floor store: 9.7 sq m (104 sq ft)
First floor main: 82.3 sq m (886 sq ft)
Total: 139.4 sq m (1501 sq ft)

7a:
Main area: 36.3 sq m (390 sq ft)
Ancillary area: 6.7 sq m (72 sq ft)
Total: 43.0 sq m (462 sq ft)

9:
Ground floor main: 31.6 sq m (340 sq ft)
Ground store: 14.8 sq m (159 sq ft)
Total: 46.4 sq m (499 sq ft)

First Floor Flat 56.71 sqm (610 sq ft)

Rent / Price

Offers in the region of £590000

Business Rates

From the Valuation Office Agency website ( we understand that the current Rateable Values are as follows: -
7: £11,750 effective from 1st April 2023
reference 0

7a: £10,750 effective from 1st April 2023 reference 0

9: £11,250 effective from 1st April 2023, reference 0

Residential Flat - Council Tax Band A.


Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

7 - C (71)
Reference: 9432-3052-0064-0900-2505

7a - D (77)
Reference: 0599-0423-0730-2800-8603

9 - D (93)
Reference: 9553-3072-0166-0000-2801

Flat - E (52). Reference: 2231-2162-3212-2472-2355


Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

The property has not been elected for VAT and therefore VAT will not be charged on the price.

Brochures

7 7a & 9 Fore Street, Newquay, Cornwall, TR7 1HB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newquay Station0.5 miles
  • Quintrell Downs Station2.7 miles

About Vickery Holman, Truro

Walsingham House Newham Road, Truro, TR1 2DP

Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).

Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 18178FH. 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 Vickery Holman, Truro. 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.

Map data ©OpenStreetMap contributors.