7 7a & 9 Fore Street, Newquay, Cornwall, TR7 1HB
£195.31 per sq ft
Business rates & charges may apply
- 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 8.10% yield on passing rents at renewal allowing for purchaser's costs of 5.05%
Description
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 £600,000.
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 surveyin
Notes
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