- Seller ref: 10005871
- Listing ID: 191988
Residential Property For Sale Bank Street, Newquay, Cornwall, TR7 1EP
- For Sale
- Sale Type:
- For Sale
- Rental Income:
- Property Type:
- Development Opportunity:
- Investment Opportunity:
- Energy Rating:
Mixed use investment property located in popular coastal town. The property is let on a full repairing and insuring lease to Trans Surf Ltd t/a Married to the Sea (having 2 branches) for a term of 5 years from 1st March 2019.r
* Mixed Use Investment For Sale - No Vat
* Prime Retail Premises
* Retail Space 57.9 Sq M ( 623 Sq Ft)
* Retail Income £24,000pa
* 2 Bed. Flat Gia Approx 80 Sq M (860 Sq Ft)
* Epc Rating C (65)r
An opportunity to acquire the long leasehold interest in a fully occupied mixed use investment property - Retail and Residential. The property is a ground floor lock-up retail unit in a prime pitch with nearby occupiers including: Watershed Surf
The property is let on a full repairing and insuring lease (subject to a schedule of condition) to Trans Surf Ltd t/a Married to the Sea (having 2 branches) for a term of 5 years from 1st March 2019 at a current rent of £23
SCHEDULE OF ACCOMMODATION:
(All areas and dimensions are approximate)
Width 5.62m (max)
Retail Area 57.9 sq m (623 sq ft)
Net Internal Width 5.08m
5.6 sq m (60 sq ft)
WC with wash basin
The flat includes two bedrooms and open plan lounge/diner and kitchen together with bathroom.
GIA Approx 80 sq m (860 sq ft).
LONG LEASHOLD INTEREST:
The premises are held under a 999 year lease from 29/06/1981 at a fixed ground rent of £1 p.a.
Each party to bear their own.
General Enquiries -------------
BUSINESS RATES & COUNCIL TAX:
We refer you to the government website https://---.---.-------.---.--/view-my-valuation/search which shows that the current rateable value is £25
VALUE ADDED TAX:
All the above prices/rentals are quoted exclusive of VAT.
We have been advised that this property is not elected for VAT.
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: ------
South West Water: ------
Transco: ------ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Rating for this property is within band C (65).
For further information or an appointment to view please contact either:-
Thomas Hewitt on ------or via email [email protected] or
Mike Nightingale on ------or via email [email protected] or
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold
Newquay is a popular coastal town and major tourist destination lying some 15 miles north of Truro