Investment for sale Newquay TR7 1AY,0sq ft

1/4

Investment

Investment For Sale Newquay

PROPERTY ID: 116679

PROPERTY TYPE

Investment

STATUS

Available

SIZE

0 sq.ft

Key Features

PRIME TOWN CENTRE INVESTMENT

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)

Property Details

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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About the Agent

Miller Commercial

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Investment Unit

£800,000 Freehold

Concho Lounge Investment, Newquay, TR7 1AY

Investment - Available
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