Fore Street, Polperro, Looe, Cornwall, PL13 2QR

This is an exciting opportunity to acquire a substantial period property within the heart of the hugely popular village of Polperro on the South Cornish Coast currently comprising a convenience store on the GF with expansive 4/5 Bedroom accommodation over the 1st & 2nd floors and a large elevated garden to the rear from which can be enjoyed views across the village and surrounding coastline. The property has been under the same ownership for the past 40 years and is likely to appeal to investors/developers as well as those seeking a home and business within the County.

Location

Polperro is a picturesque village situated on the South Cornish Coast that attracts hundreds of thousands of visitors each year, owing to it's charming harbour, narrow winding streets and pretty cottages. The village is home to a variety of businesses including public houses, tea rooms, gift shops, art galleries etc and also benefits from a doctors surgery. Yaxley stores is centrally positioned on the main street leading to the harbour and as such benefits from huge levels of passing trade.    

Description

This impressive 3 storey building is laid out over three floors with the Ground Floor being loosely divided into two separate retail spaces that could easily be reincorporated into one large area if desired.

The upper parts of the building are accessed via a separate doorway way from Fore Street and offer expansive 4/5 Bedroom accommodation over two floors that could, subject to all necessary consents be converted into 2 separate dwellings for investment purposes. A notable feature of the property is the large elevated garden to the rear from which can be enjoyed views across the village and out towards the surrounding coastline.

Ground Floor: Commercial Premises extending to circa 750 sqft in total that has been subdivided as described above, with a small store room and a staircase leading to the rear garden at FF level.

First Floor: Office, WC, Kitchen/Diner, Lounge, Dining Room/Bedroom 5

Second Floor: 4 bedrooms (master ensuite) and a family bathroom.

Outside: To the rear of the building is a small shed with steps beside leading to areas of terrace and the sizeable garden. 

The Business   

Our client has owned and operated the business for many decades as a traditional convenience store offering a range of day to day groceries, tobacco & alcohol. Through choice, our client is operating the business on limited hours currently trading Monday-Saturday 8am - 5pm and as such, there is huge potential to increase the turnover through evening opening and stocking a wider range of products through the incorporation of the subdivided area.

N.B. Accounts will only be made available subject to a viewing appointment in the usual manner.  

AGENTS NOTE

Council Tax Band A (Residential Accommodation)

Business Rates, The Ground Floor has been subdivided and the current rateable values are £5,200 for the left hand unit and £7,400 for the right hand unit. For further information regarding the rateable value and amount payable, please visit:  Find a business rates valuation - GOV.UK

Tenure - Freehold

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Measurements are a guide only. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

ANTI-MONEY LAUNDERING REGULATIONS - Purchasers

It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

PROOF OF FINANCE - Purchasers

Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.