Freehold Investment Property Located In Newquay For Sale

Newquay, Cornwall, UK

Asking Price:: £949,950

Turnover:: £83,700

Net Profit:: £83,700

Freehold Investment Property Located In Newquay. Rental Income £83,700 pa (9%). Includes 12 Flats & 4 Retail Units.

Veritas Business Sales are delighted to offer for sale this delightful Investment Property which is located in the Cornish seaside town of Newquay.

The property has been in the careful hands of our clients for the past 20 years and is now being offered for sale so that they can enjoy a well-deserved retirement.

Since ownership, they have completely redecorated the premises and continually invested in the building.

The property includes 12 flats which are all occupied and achieves a rental income of £83,700pa (9%).

The 4 retail outlets have leases for the next 40 years on a peppercorn rent.

This is a superb opportunity to purchase an Investment Property in the centre of Newquay and as such early viewing is highly recommended.

Property Information

Property:: Freehold

Location:: This Investment property is located within a busy parade of shops just off one of the main thoroughfare roads 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:: Flat 1 with Hallway, Bathroom, Kitchen/Lounge and Bedroom (45sqm).
Flat 2 with Hallway, Bathroom, Kitchen/Lounge and Bedroom (45sqm).
Flat 3 with Hallway, Bathroom, Kitchen/Lounge, Bedroom (45sqm).
Flat 4 with Hallway, Bathroom, Kitchen, Lounge/Bedroom (35sqm).
Flat 5 with Hallway, Lounge, Kitchen, Bathroom and bedroom (43sqm).
Flat 6 with Bathroom, Open Plan Kitchen, Lounge and Bedroom (29sqm).
Flat 7 with Hallway, Lounge, kitchen, Bathroom and bedroom (37sqm).
Flat 8 with W/C, Shower, Kitchen/Lounge, Bedroom (20sqm).
Flat A with Hallway, Bathroom, Kitchen/Lounge and Bedroom (35sqm).
Flat B with Bathroom, Open Plan Kitchen/Lounge/Bedroom ((31sqm).
Studio A with Bathroom, Open Plan Kitchen/Lounge and Bedroom (24sqm).
Studio B with En-Suite Bedroom, Kitchen/Lounge (20sqm).