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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.






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