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Quayside House And Eddystone House, Eddystone Road, Wadebridge, Cornwall, PL27 7AU

Guide Price
£1,495,000

£161.64 per sq ft

Business rates & charges may apply

Vickery Holman, Truro
SIZE AVAILABLE

9,249 sq ft

859 sq m

SECTOR

Commercial property for sale

Key features

  • Attractive investment with development angle
  • Modern development in busy location close to waterside
  • Sought after North Cornwall town
  • Tenanted Shop, Restaurant & Coffee Shop
  • Permitted development for conversion of upper parts to 4 residential flats
  • Long leases to shops and office
  • Income apprx £104,950 per annum with potential for further income from development or lettings

Description

Quayside House (outlined BLUE on front page) comprises ground floor retail premises that are owned on a long leasehold basis. This unit is currently let although the lease expires in June 2025 and the unit is currently on the market to let. Eddystone House (outlined RED on front page) comprises ground floor restaurant, separate detached
coffee shop, upper parts with Permitted Development confirmed for conversion to 4 residential flats. In addition to the main buildings and also included are
a series of shops and an office which are let on long leases at peppercorn rentals. There is car parking to the rear of the premises.


Location

Wadebridge is a very popular North Cornwall town located just off the A39 Atlantic Highway in this sought after part of the county. It is easily accessible with Bodmin and the main A30 some 7 miles away and Padstow 8 miles distant. It is well situated for the very popular cycle way, The Camel Trail, which links Padstow and Bodmin and runs in front of the premises.


Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.

Quayside House
Ground floor 348.20 sq m (3,748 sq ft)

Eddystone House
GF Restaurant & ancillary 212.28 sq m (2,285 sq ft)
First floor offices (consent to convert to residential) 136.94 sq m (1,474 sq ft)
Second floor (consent to convert to residential) 120.03 sq m (1,292 sq ft)
Detached coffee shop (The Rotunda) 41.80 sq m (450 sq ft)

4 units sold on long leases n/a n/a


Planning

There is approval under permitted development for the conversion of the upper parts in Eddystone House to residential.

Rent / Price

Guide price for the whole £1.495m.
Seller's may consider splitting (long leasehold) Quayside House and (freehold) Eddystone House subject to negotiation.


Service Charge

A service charge is levied for the upkeep and maintenance of the external areas and structure of the buildings. Please enquire for further information.

Business Rates

Quayside House shop:- £61,000
Eddystone House restaurant:- £31,500
The Rotunda:- £11,000




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

GF Quayside House C (61)
GF Restaurant TBC
Upper floors TBC
Coffee shop TBC


Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.

Brochures

Quayside House And Eddystone House, Eddystone Road, Wadebridge, Cornwall, PL27 7AU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Roche Station6.9 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 surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

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