Chartered Surveyors and Business Property Specialists
Investment for sale / Freehold

£495,000 Price

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Available
1/23
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14 Fore Street, Tintagel, Cornwall

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Overview

  • FOR SALE – MIXED USE INVESTMENT
  • GROUND FLOOR RETAIL UNIT PLUS THREE INCOME PRODUCING UPPER FLOOR FLATS
  • OPPORTUNITY TO TRADE FROM GROUND FLOOR OR TO RENT IT OUT TO INCREASE INCOME
  • COMBINED INCOME OF £38,400 PA REFLECTING AN ATTRACTIVE 7.75% RETURN
  • RETAIL UNIT GENERATES £15,000 PA (794 SQ FT /73.8 SQ M) AND RESIDENTIAL GENERATES £23,400 PA
  • PROMINENT POSITION IN FAMOUS TOURIST LOCATION
  • EPC RATING: RETAIL – C (52) RESIDENTIAL – D (57), D (68) & D (58)

***REDUCED QUOTING PRICE***
The investment comprises a fully let building with a ground floor retail unit together with three 2 bedroom residential flats, one to the rear and two on the first floor. The property is situated in a prominent location, at the “top” of Fore Street, the main thoroughfare through the coastal town of Tintagel. Annual income is £38,400pa, with £15,000 pa from the retail unit and £23,400 pa from the residential accommodation. This represents an attractive return of 7.75% on this mixed use asset.

The village boasts an array of largely independent tourist focused shops, curiosity shops, galleries, pubs, tea shops, bakeries and cafes as well as some national chains such as Boots, Spar and the Cornish Bakery. The village is well served with tourist accommodation including the famous Victorian Camelot Hotel, a number of privately owned guest houses, B&Bs as well as several well known caravan and camp sites.

The picturesque village of Tintagel needs little introduction owing to its connection with the legend of King Arthur. It is thanks to this, that the village and wider area enjoys huge numbers of visitors year round who come to the area to visit the castle and enjoy the many attractions the village has to offer along with walking a stretch of the dramatic coastline. Tintagel is considered to be one of the most iconic tourist destinations in the South West.

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Thomas Smith Partner View Profile

Call: 01872 247013
Email: ts@miller-commercial.co.uk

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