Harbour Moon, The Quay, West Looe, Looe, PL13 2BU

Description
The property comprises the ground, basement and first floor of a part two and part single storey detached building with painted and wood clad elevations beneath a pitched roof.

Location
Located in Looe in the county of Cornwall, 21.5 miles (34.4 kilometres) west of Plymouth and 31.6 miles (50.6 kilometres) east of St Austell.

The Harbour Moon is situated fronting East Looe River in a harbourfront area in a mixed residential and commercial area, a short walk from Looe’s Old Town where operators including The Ship Inn, The Mariners and The Idle Rocks are located alongside attractions including Looe Island and Hannafore Beach.

Tenure
The property is held freehold (Title Number CL93791).

Tenancy
The entire property is let to two private individuals on a 20 year lease from 10 February 2020 at a current rent of £77,870 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £10,954 is held by the landlord.

Planning
The property is not listed but is situated within the Looe Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
C-70

Terms
We are instructed to invite offers in excess of £1,020,000 (7.22% NIY)
assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.