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Graham Timmins Head of Business Transfer View Profile

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Call: 01872 247019
Email: gt@miller-commercial.co.uk

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SOLD - 70, Fore Street, Newquay

Retail for sale

£229,000

Freehold

A retail unit with 2-bedroom flat above situated in a busy position in Newquay town centre. The premises are located on the main thoroughfare leading from the town centre and bay to the famous Fistral Beach and are currently used as a surf hire business.

  • RETAIL & RESIDENTIAL INVESTMENT PREMISES
  • BUSY TRADING POSITION
  • CLOSE TO TOWN CENTRE & BEACHES
  • IDEAL INVESTMENT/OCCUPIER OPPORTUNITY
  • VIEWING RECOMMENDED
  • EPC RATING (C)

Property Brochure PDF Location Map

Location:

Newquay is one of Cornwall’s most popular tourist destinations, attracting high levels of visitors to its famed surf beaches and vibrant nightlife. The premises are located on the main thoroughfare leading from the town centre and bay to the famous Fistral Beach and as such enjoys good passing trade during the season.

Property:

A ground floor retail unit with separately accessed 2-bedroom maisonette above. The retail element offers 404 sq ft of sales space with changing rooms and WC facilities. Accessed via a passageway to the rear of the building, the rear ground floor provides kitchen and dining room while the first floor comprises 2 bedrooms and spacious living room with views over Newquay Bay. There is also an enclosed courtyard providing space for outside seating.

There is also potential, subject to gaining the necessary consents, for further residential development, perhaps to create two flats out of the existing accommodation, or even add another storey to match other properties in the street.

Business:

Our clients have operated a successful surf-hire business for the past 10 years and while we are not in receipt of accounting information, the stock is available by separate negotiation if required.

Schedule Of Accommodation:

(All measurements and dimensions are approximate)

Ground Floor

Retail Unit:

Timber clad fascia with space for signage and double windows. Sales area includes spotlighting, laminate floor covering, changing rooms and WC facilities.

Accessed At Rear:

Via passageway to rear of building and over private enclosed courtyard.

Two-bedroom Flat:

Ground Floor:
Dining Room – 2.61 x 2.66
Kitchen – 3.30 x 2.54
First Floor:
Living room – 4.27 x 3.31 – includes double glazed windows overlooking Newquay Bay
Bedroom – 2.96 x 2.73
Bedroom – 1.95 x 2.36

Tenure: Freehold

Ground Floor Shop
We are advised the shop has been let on a 5 year Lease commenced 1st April 2014, at a passing rental of £8,000 per annum.

Residential Flat

We understand the accommodation is currently rented on a Assured Shorthold Tenancy (AST) at a rental of £650 per calendar month.

Legal Costs:

Each party to bear their own legal costs in connection with the transaction.

Local Authority:

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

Energy Performance Certificate:

The Energy Performance Rating for this property is within Band C

Business Rates:

We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

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.

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] 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.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF