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Freehold Investment Property In Newquay For Sale

Newquay, Cornwall, UK
Asking Price:
£399,950
Sales Revenue:
£19,000
Cash Flow:
Not applicable

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.

Property Information

Property:

Freehold

Location:

This prominent Freehold Investment Property is located in Newquay, Cornwall. Positioned on one of the main thoroughfare roads within the town centre near the Harbour and Sainsbury’s supermarket. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort - all wrapped up in the most fantastic coastal scenery.

Premises Details:

Ground Floor
Retail area (11.8m x 4.9m)

Basement Area
Storeroom (8.6m x 5.6m)
Rear storeroom
W/C with wash basin
Laundry room

EPC Rating C

First Floor
Owners accommodation
Lounge/diner
Kitchen
Bathroom
2 x double bedrooms

External
Small rear yard with wooden stairs and self contained entrance to the flat.

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement

Other Information

Website:
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