Quayside House And Eddystone House, Eddystone Road, Wadebridge, Cornwall, PL27 7AU
Size
9,249
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- High street retail, Restaurant, Residential development
No floor / site plan
Key features
- Attractive investment with development angle
- Modern development in busy location close to waterside
- Sought after North Cornwall town
- Vacant shops, tenanted Restaurant & Coffee Shop
- Permitted development for conversion of upper parts to 4 residential flats
- Long leases to shops and office
- Potential income apprx £102,450 per annum* with potential for further income from development or lettings
Description
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 (overall) 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
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.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Quayside House And Eddystone House, Eddystone Road, Wadebridge, Cornwall, PL27 7AU
About Vickery Holman, Truro
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.
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