Thriving Freehold Property with Commercial and Residential Lets in Newquay Town Centre for Sale
Newquay, Cornwall
- Status
FOR SALE
- Date Submitted:
04/04/24
- Advert ID
609257
- Reference
2462 / Rightbiz
- Call Agent:
- Freehold: £899,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Freehold Investment Property Located In Newquay Town Centre
Freehold Investment Property Located In Newquay Town Centre2 Commercial Lets & 1 Residential Let Rental Income Ā£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: Ā£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 Ā£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 Ā£27,500 (10 year lease)
EPC Rating B
First Floor
Snooker/social club
Rental income Ā£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 Ā£14,000 rolling 6 month tenancy agreement
EPC Rating E
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 Ā£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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