Commercial Development for sale

Carbis Bay Investment Land, Laity Lane, St Ives

£499,950

Property Description

Commercial information

  • Business for sale

Key features

  • GROUND RENT/SALE OF LAND OPPORTUNITY
  • PART OF FREEHOLD TITLE
  • OUTSKIRTS OF ST IVES
  • INCOME (GROUND RENT) & SALE (22 x 25k / 83 x 3.75k) MODEL
  • GROSS YIELD c. 6% (GROUND RENTS)
  • RETIREMENT SALE
  • EPC: N/A

Full description

Tenure: Freehold

A Part freehold site in CARBIS BAY, with GROUND RENT income and potential SALE of Freehold Titles which could generate £860k (if all sold at current rates). A rare Investment / Sale proposition. Retirement Sale.

Location - The properties are situated in Carbis Bay, off Laity Lane, adjacent to a newly built market holiday village. Carbis Bay and St Ives requires little introduction to one of the county's if not the country's foremost holiday and residential destinations. This is a quiet site with a rural aspect. We understand there is permission in some adjacent land for housing development.

The Property/Investment - We understand the site was originally developed in 1986/1987 as a holiday park for holiday use, which were converted to full residential consent in 1994, during which time the properties have been sold to private individuals, with a typical sale value (at the time of writing) in region of £150,000 to £160,000. Our clients retained the gardens and parking for the properties and therefore for sale is the current residual amount, being 22 gardens and 83 parking spaces.

The gardens are typically selling for £25,000, alternatively, generate a ground rent of £1,321 per annum. Our client has sold 6 car parking spaces, with 83 remaining and these have been sold for £3,750 each, these do not attract any ground rent.

In terms of the ground rents, these are collected 1 year in advance and are linked to the Retail Price Index, the total for the 22 is £29,062 per annum.

Costs Associated With The Site - Our client advises that the site owner is expected to cut grass and maintain the road to a 'reasonable' standard and supply street lighting, with an estimate of costs of circa £3,000 to £4,000 per annum.

Tenure - Freehold - Title Number CL252493. A copy of the Title Plan is available upon request and shows which of the 22 remaining garden plot numbers are yielding a ground rent and also the location of the 89 (total) car parking spaces.

General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151


Energy Performance Certificate - Not applicable: not selling individual properties.

Contact Information - For further information or an appointment to view please contact either:-
Graham Timmins on or via email or
Paul Collins on or via email

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] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] 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.


More information from this agent

Nearest stations

  • Carbis Bay (0.6 mi)
  • Lelant Saltings (1.3 mi)
  • Lelant (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Business Transfer

Mansion House Princes Street, Truro, TR1 2RF

01873 603033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Carbis Bay (0.6 mi)
  • Lelant Saltings (1.3 mi)
  • Lelant (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Business Transfer

Mansion House Princes Street, Truro, TR1 2RF

01873 603033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 29564645. 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, Business Transfer. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.