Property for sale

Freehold Investment Property Located In Newquay Town Centre

0121 721 6440

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Property description & features

Freehold Investment Property
2 Commercial Lets
1 Residential Let
Fully Let
Income £58,500 pa

Freehold Investment Property Located In Newquay Town Centre

2 Commercial Lets & 1 Residential Let Rental Income £58,500 pa (6.5%) Ref 2462

Location
This large Freehold Investment Property is located on the corner of a busy parade of shops on one of the main thoroughfare roads in Newquay town centre. Newquay is one of the nation's favourite seaside towns, 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.

Freehold Asking Price: £899,950

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Freehold Investment Property which is located in the Cornish seaside town of Newquay. The building was purchased as an investment by our clients over twenty years ago and is reluctantly being offered for sale so that they can enjoy a well deserved retirement . Since ownership they have made continual investment in the upkeep of the building and produces a combined rental income of £58,500 pa. The ground floor is leased to an amusement arcade, the first floor is leased to a snooker/social club and the second floor is a residential let. We believe that this superb opportunity to purchase an established Investment Property within a prime location which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Ground Floor
Amusement arcade
Rental income £27,500 (10 year lease)
EPC Rating B

First Floor
Snooker/social club
Rental income £17,000 (10 year lease)
Ground floor
Cellar with all the normal requirements.
EPC Rating C

Second Floor
Penthouse Apartment
3 double bedrooms
Kitchen
Lounge/Dining Room
Bathroom
Large patio area with views
Rental income £14,000 rolling 6 month tenancy agreement
EPC Rating E

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Places of interest

Veritas Business Sales - Solihull

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

0121 721 6440

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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.

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Property reference 2462. 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.

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