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The Beach, Alexandra Road, Newquay

Guide Price
£2,000,000

Business rates & charges may apply

Miller Commercial, Commercial Agency
SIZE

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SECTOR

Commercial property for sale

Key features

  • INVESTMENT OF 10 BEACHSIDE APARTMENTS
  • FULLY LET AT A RENT OF £200,000 PER ANNUM
  • OVERLOOKING PORTH BEACH, NEWQUAY
  • LEASE AVAILABLE UPON REQUEST
  • FULL RESIDENTIAL USE PERMITTED
  • ENERGY PERFORMANCE ASSET RATINGS BETWEEN B (82) AND C (77)

Description

This substantial and exciting investment opportunity is available immediately. The development comprises nine purpose-built apartments (2010) plus one converted from a former retail unit (circa 2017), arranged over two floors. The building has a distinctive 'wave' form roof, rendered elevations, and balconies or terraces to all flats. Each apartment provides open-plan accommodation with two or three bedrooms (most with a master en-suite), and a family bathroom. A private car park to the rear provides ten allocated spaces. The block is let in it‘s entirety to Modus Care Limited on a 15 year lease expiring on 31 October 2039. There are annual mutual break options and the lease is contracted outside of the provisions of Sections 24 - 28 of the 1954 Landlord and Tenant Act. A full copy of the lease is available on request.

Brochures

The Beach, Alexandra Road, Newquay

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newquay Station1.2 miles
  • Quintrell Downs Station1.9 miles
  • St. Columb Road Station5.4 miles

About Miller Commercial, Commercial Agency

The Old Sunday School, 2 Old Bridge Street, Truro, TR1 2AQ

Miller Commercial is a General Practice firm of Chartered Surveyors operating out of Mansion House, a mid 18th Century Grade 1 Listed property in the heart of Truro, Cornwall's only City and the Duchy's commercial hub.

The firm is a private partnership born from a Hambro Countrywide management buy-out in 1994, with 3 Partners and 12 additional fee earners. Miller Commercial is the largest commercial firm of Chartered Surveyors in the county and operates throughout Cornwall and West Devon.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 9750. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Commercial, Commercial Agency. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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