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Featured
Gover Lane, Newquay, TR7 1ER
£650 PCM
2 bedrooms, 1 bathroom
Recently refurbished first floor 2 bedroom flat in town centre with rent including water charges.
Neeham Road, St Newlyn East, TR8 5LE
OIEO £175,000
2 bedrooms, 1 bathroom
Detached older style 2 bedroom bungalow requiring complete modernisation and refurbishment in long overgrown gardens SSTC
Lane, TR8 4PX
£650,000
0 bedroom, 0 bathroom
0.21 HECTARE SITE ON THE OUTSKIRTS OF NEWQUAY WITH OUTLINE PLANNING APPROVAL FOR 5 LARGE DETACHED 4 BEDROOM HOUSES IN INDIVIDUAL PLOTS IN A PRIVATE CUL-DE-SAC. RARE OPPORTUNITY TO ACQUIRE A SITE WITH APPROVED PLANNING APPROVAL FOR FAMILY HOMES IN GOOD PLOTS A SHORT DISTANCE FROM NEWQUAY

Bank Street, Newquay, TR7 1AX

695,000

Bank Street, Newquay, TR7 1AX

£695,000
An investment or redevelopment property in the main street of Newquay Town Centre. Comprising 3 shops, first floor restaurant, 3 bedroom flat and rear parking.Unspecified income of £62,000 representing an approximate Gross return of 8.6%BUSINESSES NOT AFFECTED
The current annual income is £60,500 (exclusive) which equates to an 8.6% gross return on the investment.
The 3 properties are all on secure maintenance and insuring leases, 2 of which have regular rent reviews.
The property forms part of the main Newquay shopping centre less than 100 yards from the pedestrianised area.
The property is suitable for redevelopment, subject to planning, which could increase the amount of shops with flats over.

Unit 1, 54 Bank Street, Newquay, TR7 1AX
Lock up shop occupied by tobacconists on a 12 year lease from 21st March 2011 within the Landlord and Tenant Act on a full maintenance and insuring lease with 4 yearly rent reviews, at the passing rental of £9000 p.a (exclusive).
Retail shop floor area (average): 15.04 sqm
Rear stores: 8.8 sqm

Unit 2, 46-50 Bank Street, Newquay, TR7 1AX
Lock up ground floor shop with store rooms and offices on the first floor occupied by Trespass Ltd on a new maintenance and insuring 5 year lease from March 2016 (no rent reviews) at the passing annual rental of £31,000 (exclusive).
Shop floor areas (average): 102.29 sqm
Stores & offices (ground and first floors): 121.79 sqm

Unit 3, The Shack, 46-50 Bank Street, Newquay, TR7
Ground floor entrance, first floor restaurant/kitchens and second floor 3 bedroom flat. Let to patisserie from March 2017 at £22 pa on new 7 year lease
Ground floor area: 17.7 sqm
Restaurant and kitchens: 175.50 sqm
Second floor flat: 147.16 sqm

Exterior
Rear car park accessed off Towan Road jointly used within the leases by Spalls and The Shack

Services
Mains, water, electricity, gas and telephones, all paid by tenants.
R.V (all paid by the tenants)
54 Bank Street - £10,750
52 Bank Street - £24,250
46-50 Bank Street - £42,250

EPC not applicable

Viewings
Appointments to view must be made through Start & Co in view of the leases.
Viewing
Please contact our Newquay Office on 01637 875847 if you wish to arrange a viewing appointment for this property or require further information.
Disclaimer
Start & Co endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

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Latest Reviews (7 Reviews)

Sale of Property
by kevin &sue willcock (Vendor) 10/10/2017
SUSTAINED BUSINESS RELATIONSHIP
by Brian P (Buyer) 08/07/2016
challenging purchase ended in success ??
by Rachel (Buyer) 25/05/2016

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