Residential Property For Sale Fore Street, St Columb, TR9 6AL

This investment has been re-developed by Excel Properties in 2008 and then acquired by our client in 2010, It comprises a substantial shop let to Cornwall Hospice Care, (and four flats which were all sold off on 199 year leases from 2008) The property also has a good sized rear car park / yard for 4 vehicles - allocated to the flats. Cornwall Hospice Care who have been in occupation for many years and are the only charity shop in St Columb. The shop provides the principal rental income£8,220 from rising to £8640 for the final two years of the current lease, and the flats pay a ground rent of £200 per annum each totalling £800 per annum. Total rent - £9,440 per annum. The property is easily managed with each occupation paying a fair proportion to the costs of maintaining the exterior/common parts and buildings insurance.r

* Retail And Ground Rent Investment Opportunity
* Cornwall Hospice Care.
* Flats Sold Off
* Yard For Parking
* Producing £9,440 Per Annum.
* Adjacent To Co-Op
* On Street Parkingr

PROPERTY:
This investment is a substantial property that has been re-developed by Excel Properties in 2008 and then acquired by our client in 2010
THE OPPORTUNITY:
The shop is let to Cornwall Hospice Care who have been in occupation for many years and are the only charity shop in St Columb. The property is well maintained with each occupancy having separate utilities.
The shop provides the principal rental income £8
ACCOMMODATION:
The shop is essentially rectangular in shape having a wide frontage to the street which has plenty of on street parking.
Width: 12.4m x Depth: 6.0
TENURE AND PRICE:
Freehold
Guide Price: £100
BUSINESS RATES:
We refer you to the government website which shows that the current rateable value of the shop is £8
LEGAL COSTS:
Each party to bear their own.
SERVICES:
We understand that each flat and the shop have their own individual electric water and sewerage connections.
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power
South West Water
Transco
Fire Crest have the contract for maintaining the fire alarm for the building.
VAT:
Our client advises that the property sale is not subject to VAT.
ENERGY PERFORMANCE:
The Energy Performance Rating for this property is within Band - (report commissioned and results to follow)
CONTACT DETAILS:
For further information or an appointment to view please contact either:-
Peter Heather
Thomas Hewitt or
VIEWING: Strictly by prior appointment through Miller Commercial.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold