Freehold Investment, Riverside Court, The Quay, West Looe, Looe, Cornwall

A freehold Investment opportunity located in Looe, Cornwall. The property has been in the same ownership for 30 plus years and has been professionally managed for the same period. The shops have always been occupied generating an annual income of £17,000pa with increases due. There are 9 apartments over, 7 with short leases with the potential to extend generating further income.

Comprising of 3 retail premises and 1 café. Rental income of £17,000 pa with increases due.

9 leasehold apartments all owner occupied with
4 apartments with 46 years remaining
3 apartments with 66 years
and the other 2 apartments have recently extended their leases to over 100 years.

Property:
Freehold
The four shops units are let on a full repairing lease.
Insurance is paid by the freeholder and collected from the tenants and the flats overs over.
No accommodation is included.
Ground rent from the flats is collected annually
Maintenance is managed by the flat owners
Property is located within a flood area.

Location:
This Freehold Investment Property is located in the busy town of Looe ? Nestled on the south-east coast of Cornwall. Looe is a charming seaside town divided by the River Looe into East and West Looe. Known for its picturesque harbour, sandy beaches, and winding streets, it offers a blend of traditional fishing town heritage and modern coastal living. The town is rich in history, with narrow cobbled lanes, quaint cottages, and historic landmarks, while its bustling quayside hosts a variety of cafes, seafood restaurants, and boutique shops.

Premises Details:
Ground Floor
4 Units - Tattoo Shop, Osteopath, Large Café and retail shop
Double Garage (leased by 2 apartment owners and charged accordingly)
Shared cloakroom facilities at the rear.

Communal hallway leading up to the
First Floor
4 Apartments

Second Floor
4 Apartments

Third Floor
Penthouse Apartment