Land for sale

Freehold Investment Property Located In Newquay

0121 721 6440

Call

Save

Land

0 bed

0 bath

Property description & features

Freehold Investment Property
Rental Income £83,700 pa (9%)
12 Flats & 4 Retail Units

Freehold Investment Property Located In Newquay
Rental Income £83,700 pa (9%)
12 Flats & 4 Retail Units
Ref 2931

Location
This Investment property is located within a busy parade of shops just off one of the main thoroughfare roads in Newquay town centre. 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.

Asking Price: £949,950

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Investment Property which is located in the Cornish seaside town of Newquay. The property has been in the careful hands of our clients for the past 20 years and is now being offered for sale so that they can enjoy a well-deserved retirement.
Since ownership they have completely redecorated the premises and continually invested in the building. The property includes 12 flats which are all occupied and achieves a rental income of £83,700pa (9%). The 4 retail outlets have leases for the next 40 years on a peppercorn rent.
This is a superb opportunity to purchase an Investment Property in the centre of Newquay and as such early viewing is highly recommended.

Ground Floor
Flat 1 with Hallway, Bathroom, Kitchen/Lounge and Bedroom (45sqm).
Flat 2 with Hallway, Bathroom, Kitchen/Lounge and Bedroom (45sqm).
Flat 3 with Hallway, Bathroom, Kitchen/Lounge, Bedroom (45sqm).
Flat 4 with Hallway, Bathroom, Kitchen, Lounge/Bedroom (35sqm).
Flat 5 with Hallway, Lounge, Kitchen, Bathroom and bedroom (43sqm).
Flat 6 with Bathroom, Open Plan Kitchen, Lounge and Bedroom (29sqm).
Flat 7 with Hallway, Lounge, kitchen, Bathroom and bedroom (37sqm).
Flat 8 with W/C, Shower, Kitchen/Lounge, Bedroom (20sqm).
Flat A with Hallway, Bathroom, Kitchen/Lounge and Bedroom (35sqm).
Flat B with Bathroom, Open Plan Kitchen/Lounge/Bedroom ((31sqm).
Studio A with Bathroom, Open Plan Kitchen/Lounge and Bedroom (24sqm).
Studio B with En-Suite Bedroom, Kitchen/Lounge (20sqm).

Show full descriptionHide full description

Visit agent website

Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

Request viewing/info

What is your home worth?

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

Visit agent website

Agent's properties

See more properties like this:

*DISCLAIMER

Property reference 2931. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on March 19, 2022

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength: obtained from Ofcom on March 19, 2022

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.