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Investments Commercial for sale / Freehold

£400,000 Asking price

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45 Bank Street, Newquay, Cornwall

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Overview

  • RETAIL INVESTMENT FOR SALE – YIELD 9.1% AVERAGE
  • SUITABLE FOR SIPP PURCHASE
  • RETAIL SPACE 176.5 SQ M PLUS ANCILLARY
  • RETAIL INCOME £ 40,000* PA
  • FLATS SOLD PRIOR IN 2017/18
  • EPC RATING D (76)

Prime retail investment property located in Newquay yielding 9.1%.
The property is let on a full repairing and insuring lease to The Works Stores Ltd for a term from 3 March 2017 until 2 March 2027, and the remainder to flats sold in 2017 and 2018. Full service charge recovery in place.

Newquay is a popular coastal town and major tourist destination lying some 15 miles north of Truro, and is well served by Cornwall Airport Newquay and Newquay National Rail Station. This property is situated in a prime position in the heart of this pedestrianised part of the town centre.

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Mike Nightingale Partner View Profile

Call: 01872 247008
Email: msn@miller-commercial.co.uk

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