£949,950
Commercial land for sale
Freehold Investment Property Located In Newquay
studio Flat Property description
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).
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).
Property photos
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First listed
Over a month agoFreehold Investment Property Located In Newquay
Marketed by
Veritas Business Sales - Solihull Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AGCall agent on 0121 721 6440
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Freehold Investment Property Located In Newquay - Streetview
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