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Residential Property For Sale Higher Bore Street, Bodmin, PL31 1JW

  • Size:
    Undisclosed
  • Usage:
    C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    G

This is an INVESTMENT property, and the chance to secure a mix of residential and commercial income. The property comprises a former hotel which has been substantially altered, modernised and refurbished, and has been owned and operated as the Vraj Indian Restaurant by our clients for some 20 years. They intend to continue to operate under the terms of a new 10 year lease to include nine bedroomed staff accommodation. Five separate residential units which are all independently serviced provide additional income. The site incorporates more than sufficient car parking for both the restaurant, and the residential units. Total Income £52,800 pa with opportunities to increase rental income. Price: £800,000.r

* Investment With Mixed Residential And Commercial I
* Excellent Condition
* Long Established Tenants
* Rental Growth Opportunities
* Low Management
* 7% Return Probable
* Epc Rating For Commercial C (51) Residential Ratinr

OPPORTUNITY:
This is an INVESTMENT property and the chance to secure a mix of residential and commercial income.
The property comprises a former hotel which has been substantially altered
DESCRIPTION:
Restaurant: circa 4.58 m x 22.75 m-104.3 m.
Restaurant ancillary staff accommodation - nine bedrooms
Flat 1: Two bedrooms
INCOME SUMMARY:
Restaurant and staff flat £24
TENURE AND PRICE:
Freehold. The property is for sale by way of an investment at offers around £800
BUSINESS RATES:
We refer you to the government website https://---.---.-------.---.--/view-my-valuation/search which shows that the current rateable value (1st April 2017) is £5
SERVICES:
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: ------
South West Water: ------
Transco: ------VALUE ADDED TAX:
All the above prices/rentals are quoted exclusive of VAT
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Ratings for this property are as follows:
Restaurant and staff flat C (51)
Flat one. D (61)
CONTACT INFORMATION:
For further information or an appointment to view please contact
Peter Heather on ------or via email [email protected] or
Thomas Hewitt on ------or via email [email protected]
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

Bodmin is a former military town with a growing population of around 16

 

Contact Miller Commercial

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