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Mike Nightingale Partner View Profile

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

For Sale
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The Car Park, Hope Cove, Kingsbridge, Devon

Investments Commercial for sale

£1,200,000 Offers over

Freehold

This is an extremely rare opportunity to acquire a freehold car park located within an Area of Outstanding Natural Beauty close to the popular South Devon towns of Salcombe and Kingsbridge.

Hope Cove is a fishing village and beauty spot which has two sheltered sandy beaches. The village is a popular tourist destination and includes The Hope and Anchor public house, The Cove Restaurant, Gallery, Post Office and General Stores together with numerous hotels, guest houses and self-catering accommodation.

The car park which can cater for up to 135 vehicles is situated within the heart of the village and comprises a level area which is loose surfaced together with areas which are given over to grass. It is currently run under management with the car park operator being responsible for collecting the parking fees. The arrangement which is rolling on a month to month bases provides that the company can keep a percentage of takings. Adjoining the entrance to the site there is a small retail unit which has consent for the sale of food, drink, ice cream and beach goods and is currently unoccupied.

  • RARE CAR PARK INVESTMENT
  • IDYLLIC LOCATION
  • CURRENTLY RUN UNDER MANAGEMENT
  • EPC – EXEMPT

Property Brochure PDF Location Map

Location

Hope Cove is situated on the south coast of Devon approximately 23 miles from Plymouth and 46 miles from Exeter. Locally, the Cove is approximately 4.5 miles from both Salcombe and Kingsbridge. It is a small fishing village which has become a very popular tourist destination due to its idyllic setting within an Area of Outstanding Natural Beauty.

The car park is well located as you enter the Cove and is situated adjoining the Hope and Anchor public house. It serves the local businesses and two sandy beaches, one of which is immediately opposite the car park entrance.

Description

The car park includes an acre of land which is accessed directly from the highway as you enter the Cove. It is loose surfaced in part and given over to grass in the remainder. The car park can in its current configuration cater for up to 135 vehicles.

Adjoining the entrance there is a small retail kiosk which internally measures 1.39m by 4.28m and has planning consent for the sale of food, drink, ice cream and beach goods. This has not been utilised in the recent past but presents a further income generation opportunity.

Business

The business is currently run under management through a car parking operator. The operator keeps a proportion of the income generated from parking revenue. The site currently has an Automatic Number Plate Recognition camera which is provided and administered by the car park operator. The net turnover after the operator has taken their element exceeds £70,000. The contract with the operator can be terminated at 1 month’s notice. Full accounting information is available upon request.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £18,000. To find out how much business rates will be payable there is a business rates estimator service via the website.

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

Local Authority

South Hams District Council
Follaton House
Plymouth Road
Totnes TQ9 5NE
01803 861234

Devon County Council
County Hall
Topsham Road
Exeter EX2 4QD
0345 1551015

Legal Costs

Each party to bear their own.

Vat

We are advised by our clients that the site has not been Opted to Tax for VAT therefore it will not be payable on the purchase price.

Energy Performance Certificate

An EPC is not required for this property due to the small size of the building located on the site.

Contact Information

For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email msn@miller-commercial.co.uk or
Jeremy Johnson on 01872 247032 or via email jj@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.

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Mike Nightingale Partner View Profile

Contact us about this property

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

Property Brochure PDF