LET ON A TERM TO EXPIRE 7TH DECEMBER 2030 (6.5 YEARS REMAINING)
OUTSTANDING COVENANT OF LOUNGERS LTD
INCOME OF £60,000 PA
REPRESENTS ATTRACTIVE 7.11% NIY ALLOWING FOR PURCHASERS COSTS OF 5.49% (INCL STAMP DUTY AND FEES). GROSS YIELD OF 7.5%
EPC RATING – E (103)
Opportunity to purchase the investment of Loungers in a prime location in the centre of Newquay. Let for a term to expire on 7th December 2030, this investment provides an income of £60,000 per annum. the Tenant occupies the ground and first floors, with the benefit of a large beer garden and external bar to the rear. The upper floor flats will be retained on a long leasehold at the same time as the freehold sale.
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