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14 Fore Street, Tintagel

£495,000

Business rates & charges may apply

Miller Commercial, Commercial Agency
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SECTOR

High street retail property for sale

Key features

  • FOR SALE - MIXED USE INVESTMENT
  • GROUND FLOOR RETAIL UNIT PLUS THREE INCOME PRODUCING UPPER FLOOR FLATS
  • OPPORTUNITY TO TRADE FROM GROUND FLOOR OR TO RENT IT OUT TO INCREASE INCOME
  • COMBINED INCOME OF £38,400 PA REFLECTING AN ATTRACTIVE 7.75% RETURN
  • RETAIL UNIT GENERATES £15,000 PA (794 SQ FT /73.8 SQ M) AND RESIDENTIAL GENERATES £23,400 PA
  • PROMINENT POSITION IN FAMOUS TOURIST LOCATION
  • EPC RATING: RETAIL - C (52) RESIDENTIAL - D (57), D (68) & D (58)

Description

'''REDUCED QUOTING PRICE''' The investment comprises a fully let building with a ground floor retail unit together with three 2 bedroom residential flats, one to the rear and two on the first floor. The property is situated in a prominent location, at the 'top' of Fore Street, the main thoroughfare through the coastal town of Tintagel. Annual income is £38,400pa, with £15,000 pa from the retail unit and £23,400 pa from the residential accommodation. This represents an attractive return of 7.75% on this mixed use asset. The village boasts an array of largely independent tourist focused shops, curiosity shops, galleries, pubs, tea shops, bakeries and cafes as well as some national chains such as Boots, Spar and the Cornish Bakery. The village is well served with tourist accommodation including the famous Victorian Camelot Hotel, a number of privately owned guest houses, B&Bs as well as several well known caravan and camp sites.

Brochures

14 Fore Street, Tintagel

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bodmin Parkway Station15.5 miles

About Miller Commercial, Commercial Agency

Mansion House Princes Street, Truro, TR1 2RF

Miller Commercial, Commercial Agency

Chartered Surveyors and Business Property Specialists

As Chartered Surveyors and Business Property Specialists we offer market leading services across Cornwall, the wider South West and the UK as a whole. We specialise in investment and development, sales and acquisitions, business transfer, valuation and lease consultancy, property management, leasing and letting.

Retained Clients

A significant number of high worth individuals retain our services ready to inve

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