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Call: 01872 247029
Email: pc@miller-commercial.co.uk

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Mixed Investment Opportunity, 44, Fore Street, St Columb Major, Cornwall

Investments Commercial for sale

UNDER OFFER

£825,000 Guide price

Freehold
UNDER OFFER

A wonderful opportunity to acquire a sizeable mixed investment premises in one of Cornwall's most historic towns located between Newquay and Wadebridge. The property comprises a Pub with 2 bedroomed accommodation, 4 x Bedsits, 7 x apartments and a Car Park, the building is fully let and produces £82,560 per annum.

  • SUBSTANTIAL MIXED INVESTMENT OPPORTUNITY
  • COMPRISING: TENANTED PUB WITH ACCOMMODATION, 4 BEDSITS, 7 APARTMENTS, CAR PARK
  • PRODUCING £82,560 P/A
  • SCOPE FOR ADDITIONAL DEVELOPMENT (STPP)
  • TOWN CENTRE LOCATION
  • EPC’S RANGING FROM B-E

Property Brochure PDF Location Map

Location

The town of St Columb Major is situated close to the North Cornish coast and affords easy access to Newquay, Newquay Airport, Wadebridge and the A30 which is main route through the County. The town has arguably some of the most Architecturally interesting buildings within the region and has seen investment through housing developments in recent years.

The Property

This substantial property has been extended and re-modelled numerous times over the years from its origins as a traditional Coaching Inn and now comprises;- The Red Lion Inn which has a 2 Bedroom apartment, 4 Bedsits and 7 apartments of differing sizes and a sizeable car park.

Income

The bedsits and apartments are occupied on Assured Short Hold Tenancies and come with one parking space per property on a first come first served basis. The Pub is occupied on a rolling Annual Tenancy agreement.

The rents received per annum are;-

The Red Lion Inn (including accommodation) £26,000 per annum
Bedsit 1;- £3,900
Bedsit 2;- £3,900
Bedsit 3;- £3,900
Bedsit 4;- £4,420

Flat 1;- £6,000
Flat 2;- £5,640
Flat 3;- £6,300
Flat 4;- £5,400
Flat 5;- £5,700
Flat 6;- £5,400
Flat 7;- £6,000

The occupants of flats 1 – 7 pay their own Council tax, the bedsit rents are inclusive of this. All of the aforementioned have either key or coin meters for Electric. The tenant of the pub has separate electric and gas meters and pays the water rates for the whole building in lieu of a reduced rent.

Contact Information

For further information or an appointment to view please contact:-

Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or

VIEWING: Strictly by prior appointment through Miller Commercial.

Local Authority

Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Ratings for this property range between Bands B & E, copies are available upon request.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Legal Costs

Each party to bear their own.

Premises Licence

We understand the Tenant of The Red Lion holds a premises licence in respect the sale of liquor for consumption on and off the premises.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

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Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF