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Freehold Investment Property Located In Newquay For Sale

Newquay, Cornwall, UK
Asking Price:
£449,950 Furniture / Fixtures included
Turnover:
£28,000
Net Profit:
£28,000

Freehold Investment Property Located In Newquay. Rental Income: £28,000 PA.

Veritas Business Sales is delighted to offer for sale this extremely well-positioned freehold investment property, which is located in the Cornish seaside town of Newquay. The property has been in the careful hands of our client since 2001 and is now being offered for sale so that they can concentrate on other business interests. Since ownership, they have continually refurbished the property both internally and externally, which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The property currently has a commercial restaurant (a kebab takeaway business) occupying the building. The property is fully let with an annual income of £28,000 pa. This is a rare opportunity to purchase a well-appointed investment property, and as such, early viewing is highly recommended.

Property Information

Property:

Freehold

Location:

This Investment Property is located within a busy parade of shops on the main thoroughfare road in Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid-back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.

Premises Details:

Ground Floor Commercial Lease
Original term: 20 years
Remaining : 10 years
Rent: £28,000 pa
Reviewed: 4 years


Ground Floor
Takeaway Serving Area (10.4m x 5.0m)
Pot wash / Prep Kitchen (5.0m x 2.8m

Basement
Kitchen/prep Room (7.0m x 3.5m)
Takeaway serving area (rear entrance) (7.00m x 3.0m)

First Floor
Office
Bedroom 1
Bedroom 2

Second Floor
Bedsit with kitchen, bedroom and bathroom

Business Operation

Trading hours:

Original term: 20 years
Remaining : 10 years
Rent: £28,000 pa
Reviewed: 4 years