Property Information
Address:
Unit A & A1 Rocklands, Narrowcliff, Newquay, Cornwall
, TR7 2FD
, Cornwall
, United Kingdom
Price: Property no longer available.
Size: 1139 sq ft106 sqm
Primary Category: Commercial Property
All Categories:
Property Ref/Movehut: MH647898
Property Ref/Agent: 18756
*Please use the agent ref when calling the agent directly.
Property description
The Rocklands building was developed in 2008 to provide luxury apartments and retail / restaurant accommodation
overlooking Great Western and Tolcarne Beaches. Units A & A1 are on the ground floor next to Pizza Express and provide modern high-quality A1 & A2 use accommodation with a full height glass frontage. Both units have been let as per the tenancies described below.
Location
Newquay is the fastest growing town in Cornwall with a permanent population of over 20,000 which increases to over 100,000 for six months over the summer with a town centre footfall of six million people per annum.
The property is situated on the ground floor of the Rocklands building on the North side of Narrowcliff a popular retail destination ideally positioned on the headland between Tolcarne and Great Western Beaches and close to Newquay train station.
Nearby occupiers include Pizza Express, Driftwood, Kahuna, Rip Curl, Rebellion,
Fat Willys Surf Shack, Great Western Hotel, Tesco, Prezzo, Argos, Tom Thumb, Safu and Nationwide.
Accommodation
All areas are approximate and measured in accordance with the RICS Code of Measuring Practice on a gross
et internal basis.
A
87.0 sq m 936 sq ft
A1
18.9 sq m 203 sq ft
TOTAL
105.9 sq m 1,139 sq ft
Rent / Price
Offers of £245,000 (Two Hundred and Forty Five Thousand Pounds) are sought for the virtual freehold which reflects a reversionary yield of 8.2% allowing for purchase costs of 2.6%.
Service Charge
A service charge is levied for the upkeep and maintenance of the communal areas. Please enquire for further information.
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £12,000 for unit A effective from the 1st April 2017.
Services
We understand that mains electricity water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
B (46).
Legal Fees
Each party will be responsible for their own legal fees incurred in this transaction.
VAT
All figures quoted are exclusive of VAT if applicable.
Fully let investment opportunity for sale
Rent passing of £20,500 per annum, secured until March 2024
Unit A and 1A let on individual FRI lease
Part of the landmark Rocklands development close to town centre, railway station and Tolcarne / Great Western Beaches.
£245,000 reflecting a reversionary yield of 8.2% (allowing for purchase costs of 2.6%)
;