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SOLD - Investment/Conversion Opportunity, 3-4, The Quay, St Mawes, Cornwall

Investments Commercial for sale

£550,000 Offers in the region of

Freehold

A prominent building situated in the picturesque harbour side village of St Mawes which is located within the Roseland Peninsula on the South Coast of Cornwall, opposite Falmouth. The premises which were formerly occupied as a bank comprise a ground floor banking hall which will be let to a local business at an annual rental of £25,000 per annum exclusive on proportional full repairing and insuring terms.

The first floor comprises a small office which could be converted to a studio flat and would be well suited for holiday use.

  • FOR SALE
  • GROUND FLOOR RETAIL/OFFICE INVESTMENT
  • FIRST FLOOR STUDIO FLAT CONVERSION OPPORTUNITY
  • POPULAR AND EXCLUSIVE TOURIST DESTINATION
  • HARBOUR FACING
  • NO VAT

Property Brochure PDF Location Map

Location

St Mawes is one of the most exclusive seaside tourist and sailing destinations within Cornwall; located at the end of the Roseland Peninsula, approximately 13 miles south of Truro. The property occupies a prominent position in the town centre, fronting the very attractive harbour. Nearby occupiers include a mixture of premium hotels, restaurants, pubs and boutique shops.

Description

The property is a period, end terrace building arranged over ground and first floors.

The ground floor comprises a retail unit which was previously occupied as a bank. Terms have been agreed to let the accommodation to a local business at an annual rental of £25,000 per annum exclusive upon a proportional full repairing and insuring lease.

The first floor will be offered with vacant possession. It is currently occupied as an office and could be converted to a studio flat with excellent harbour views.

Schedule Of Accommodation

The property comprises of the following approximate floor areas (based on Net Internal Area):
Ground Floor -1325 sq ft (123.1 sq m)
First Floor – 278 sq ft (25.8 sq m)
Total 148.9 (1603 sq ft)

Floor plans are available upon request.

Tenure

Freehold

Legal Costs

Each party to bear their own legal costs.

Business Rates

From information provided by the Valuation Office website we are informed that the current rateable value of the Ground floor is £13,750. The first floor has an assessment of £3050. The current rate in the £ is 0.48.

Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.

Value Added Tax

VAT will not be payable on this property.

Epc

The Energy Performance Rating for the ground floor of this property this property is within Band G (158).

Contact Information

For further information or to arrange a viewing please contact:

Mike Nightingale – 01872 247008 or msn@miller-commercial.co.uk or
Tom Smith – 01872 247013 or ts@miller-commercial.co.uk or
Thomas Hewitt – 01872 247025 or th@miller-commercial.co.uk

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.