Investment Property located in Newquay, Cornawall. Prime position close to Sainsbury's Supermarket and the harbour. Retail shop with self-contained two bedroom accommodation above.Tenanted currently to one tenant. Potential for higher income if the shop & flat were let separate.
Veritas Business Sales are delighted to offer for sale this Freehold Investment Property which is located in Newquay Cornwall. The property also includes a two bedroom flat with the opportunity to build two additional flats in the roof space. The property has been in the careful hands of the current owners for the last 30 years and is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have made continual investment to keep the property to a good standard. Currently the retail space and self contained flat is leased to one tenant and achieves a rental income of circa £19,000 pa (5.4%).
We believe that there is further potential to increase income on this property as each of the a joining properties have converted the roof space into flats and there would be no reason that the same could not be achieved here, subject to planning consent. This is a superb opportunity to purchase a superb town centre property and as such early viewing is highly recommended as this is one not to be missed.