Freehold Investment Property, Cliff Road, Newquay, Cornwall, TR7
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: A1 Shops, A4 Drinking Establishments and D2 Assembly and Leisure
A1, A4, D2
Key features
- Freehold investment property
- 2 Commercial lets & 1 residential let
- Fully let
- Income £58,500 (6.5%)
- Large commercial property
Description
Location
This large Freehold Investment Property is located on the corner of a busy parade of shops on one of the main thoroughfare roads in Newquay town centre. Newquay is one of the nation's favourite seaside towns, perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort all wrapped up in the most fantastic coastal scenery.
Freehold Asking Price: £995,950
Business Description
Veritas Business Sales are delighted to offer for sale this delightful Freehold Investment Property which is located in the Cornish seaside town of Newquay. The building was purchased as an investment by our clients over twenty years ago and is reluctantly being offered for sale so that they can enjoy a well deserved retirement . Since ownership they have made continual investment in the upkeep of the building and produces a combined rental income of £58,500 pa. The ground floor is leased to an amusement arcade, the first floor is leased to a snooker/social club and the second floor is a residential let. We believe that this superb opportunity to purchase an established Investment Property within a prime location which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed
Ground Floor
Amusement arcade
Rental income £27,500 (5 year lease)
EPC Rating B
First Floor
Snooker/social club
Rental income £17,000 (5 year lease)
Ground floor
Cellar with all the normal requirements.
EPC Rating C
Second Floor
Penthouse Apartment
3 double bedrooms
Kitchen
Lounge/Dining Room
Bathroom
Large patio area with views
Rental income £14,000 rolling 6 month tenancy agreement
EPC Rating E
Energy Performance Certificates
EPC 1EPC 2EPC 3EPC 4Freehold Investment Property, Cliff Road, Newquay, Cornwall, TR7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newquay Station0.1 miles
- Quintrell Downs Station2.2 miles
About VERITAS BUSINESS SALES LTD, South West
Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL
Notes
Disclaimer - Property reference 2462. 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 VERITAS BUSINESS SALES LTD, South West. 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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