Property photos
Freehold
Offers in region of
£600,000
(£195.31/sq. ft)
Property for sale
7 7A & 9 Fore Street, Newquay, Cornwall TR73,072 sq. ft
Local area information
Property location
Nearby amenities
- Trenance Learning Academy 0.4 miles
- Newquay 0.5 miles
- Newquay Junior Academy 0.7 miles
- Quintrell Downs 2.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Newquay to find out more about the local area.
Features and description
- Freehold
- Multi let investment in Newquay town centre
- Leases agreed for renewal will generate £51,200 per annum
- Circa 8.10% yield on passing rents at renewal allowing for purchaser's costs of 5.05%
The property comprises a row of three separate retail units with one residential unit above. Unit 7 comprises ground and first floors.
Units 7a and 9 are ground floor units and there is a residential flat above. All four units are let and income producing.
Location
Newquay requires little introduction as one of Cornwall's most established and largest resort towns and is also one of the country's leading surfing venues. It has a resident population of around 20,600. Which is set to grow significantly with residential growth on the outskirts. Newquay benefits from a branch line railway service and also hosts Cornwall's airport with regular flights to London and other destinations across the UK and Europe.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (1st Edition).
7:
Ground floor main: 47.5 sq m (511 sq ft)
Ground floor store: 9.7 sq m (104 sq ft)
First floor main: 82.3 sq m (886 sq ft)
Total: 139.4 sq m (1501 sq ft)
7a:
Main area: 36.3 sq m (390 sq ft)
Ancillary area: 6.7 sq m (72 sq ft)
Total: 43.0 sq m (462 sq ft)
9:
Ground floor main: 31.6 sq m (340 sq ft)
Ground store: 14.8 sq m (159 sq ft)
Total: 46.4 sq m (499 sq ft)
First Floor Flat 56.71 sqm (610 sq ft)
Rent / Price
Offers in the region of £600,000.
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Values are as follows: -
7: £11,750 effective from 1st April 2023
reference a: £10,750 effective from 1st April 2023 reference : £11,250 effective from 1st April 2023, reference Residential Flat - Council Tax Band A.
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
7 - C (71)
Reference: A - D (77)
Reference: D (93)
Reference: Flat - E (52). Reference: Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has not been elected for VAT and therefore VAT will not be charged on the price.
Units 7a and 9 are ground floor units and there is a residential flat above. All four units are let and income producing.
Location
Newquay requires little introduction as one of Cornwall's most established and largest resort towns and is also one of the country's leading surfing venues. It has a resident population of around 20,600. Which is set to grow significantly with residential growth on the outskirts. Newquay benefits from a branch line railway service and also hosts Cornwall's airport with regular flights to London and other destinations across the UK and Europe.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (1st Edition).
7:
Ground floor main: 47.5 sq m (511 sq ft)
Ground floor store: 9.7 sq m (104 sq ft)
First floor main: 82.3 sq m (886 sq ft)
Total: 139.4 sq m (1501 sq ft)
7a:
Main area: 36.3 sq m (390 sq ft)
Ancillary area: 6.7 sq m (72 sq ft)
Total: 43.0 sq m (462 sq ft)
9:
Ground floor main: 31.6 sq m (340 sq ft)
Ground store: 14.8 sq m (159 sq ft)
Total: 46.4 sq m (499 sq ft)
First Floor Flat 56.71 sqm (610 sq ft)
Rent / Price
Offers in the region of £600,000.
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Values are as follows: -
7: £11,750 effective from 1st April 2023
reference a: £10,750 effective from 1st April 2023 reference : £11,250 effective from 1st April 2023, reference Residential Flat - Council Tax Band A.
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
7 - C (71)
Reference: A - D (77)
Reference: D (93)
Reference: Flat - E (52). Reference: Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has not been elected for VAT and therefore VAT will not be charged on the price.
More information
Listed by
Vickery Holman Property Consultants
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