Freehold Food and Residential Investment

  • £350,000
Newquay, Cornwall, England
Freehold Food and Residential Investment
Newquay, Cornwall, England
  • £350,000

Overview

  • Business, Commercial Properties, Investment Properties,Investment Properties, Residential Investments
  • Property Type

Description

Freehold food retail and residential investment located in a busy trading position opposite one of Newquay`s main night clubs.

The situation
Cliff Road is one of the four main retail trading areas in Newquay located in a row of well established fast food retail outlets.

The Property
Trading as the Green Chilli on the ground floor with accommodation to the rear and a three bedroom maisonette to the first and second floors. Total rental income of £30,000 per annum.

The Shop Lease
A full repairing and insuring lease with a current rent of £21,000 per annum.

The maisonette is let on an assured shorthold tenancy agreement with a current annual rent of £9,000 per annum.

Green Chilli
Front forecourt and concrete flag stones

Customer Area
Seating and counter. Access to office area.

Cooking Area
Extractions systems
Preparation area
Store room
Second store room
Toilet and shower area

Business owners accommodation
Bedroom, second bedroom and third bedroom
Double glazed windows and gas fired central heating
Separate access to the side

Stairs ascending to

Maisonette
Double glazed and central heating
Lounge/Kitchen/Dining room

Separate WC
Wash hand basin, WC. Central heating boiler and washing machine

Bedroom One
Sea views, large single

Stairs to second floor

Bedroom Two
Sea views, double

Bedroom Three
Single

Bedroom Four

Bathroom
Corner Bath, WC and wash hand basin

Agent Note
The accommodation could easily be converted into two separate flats.

Services
The following services can be found at the property, mains electric, mains gas, mains water and drainage, however, we cannot verify their connection.

Agent Note
Supplied services and appliances have not been tested by the agent. Prospective purchasers are advised to make their own enquiries.

Details

Updated on January 4, 2025 at 4:10 pm
  • Price: £350,000
  • Property Type: Business, Commercial Properties, Investment Properties,Investment Properties, Residential Investments
  • Tagline: Investment Properties, Residential Investments

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