Hayle Cornwall Freehold Investment Property with £26K Fully Let Income for Sale
Hayle, Cornwall
- Status
FOR SALE
- Date Submitted:
29/06/23
- Advert ID
515878
- Reference
2729 / Rightbiz
- Call Agent:
- Freehold: £379,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Freehold Investment Opportunity Located In Hayle
Freehold Investment Opportunity Located In HayleFully Let Income Of £26,000 (6.8%) Return
Ground Floor Fish & Chip Takeaway
Three Bedroom Flat Above
2 Miles From St Ives
Ref 2729
Location
This Investment Property which is located in Hayle, Cornwall. Situated within a prominent and highly visible trading position on Hayle high street and only 2 miles from the thriving harbour town of St Ives. Both Hayle and St Ives enjoy high levels footfall and tourism especially in summer months and produce above average levels of sunshine. St Ives was voted the best holiday destination by Coast magazine and is listed in TripAdvisor's top 10 European beaches.
Freehold Asking Price: £379,950
Ground Floor Commercial
Leasehold
Original term: 15 years
Remaining : 7 years
Rent: £15,000 pa
Reviewed: 3 years
First Floor Flat
Leasehold
Original term: 15 years
Remaining : 7 years
Rent: £15,000 pa
Reviewed: 3 years
Business Description
Veritas Business Sales are delighted to offer for sale this delightful Freehold Investment Property which is located in the holiday town of Hayle. The building has been a significant part of Hayle high street for many years with easy access to all the local amenities and has been in the careful hands of the current owner for the past 13 years. Reluctantly our client is offering the property for sale so that they can enjoy a well deserved retirement. Since ownership they have totally refurbished the property and made continual investment both internally and externally which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The property currently has a commercial let (Fish & Chip Takeaway) occupying the ground floor unit and a three bedroom flat on the first and second floors. The property is fully let with an annual income of £26,000 pa. This is a rare opportunity to purchase a well kept and fully let Investment Property which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.
Retail Property
Fish & Chip Takeaway area (3.7m x 5.2m)
Kitchen (5.3m x 5.2m) Storeroom 1 (2.0m x 5.3m) Storeroom 2 (1.6m x 2.1m) Prep room (3.5m x 2.9m)
First Floor Flat entrance hall (5.1m x 1.1m) kitchen fully fitted (3.7m x 3.2m) Bathroom (4.2m x 1.8m) Bedroom 1 (2.0m x 3.5m) Bedroom 2 (2.3m x 3.6m) Lounge (4.9m x 5.1m)
Second Floor
Bedroom 3
Commercial EPC Rating D
Domestic EPC Rating D
Contact Agent
Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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