Investment

Porthtowan Village Stores, Beach Road, Porthtowan, TR4 8AD

  • Porthtowan
  • £450,000
  • 2,701 Sq Ft

Property Features

  • MIXED INVESTMENT OPPORTUNITY
  • PRIME SEASIDE VILLAGE LOCATION
  • ANNUAL INCOME £33,600
  • GROSS YIELD 7.5%
  • ENERGY PERFORMANCE RATING (D)

Property Summary

An Ideal opportunity has arisen to purchase the Freehold of a long established business in the heart of Porthtowan. The village store is an integral part of the community and comes complete with a separate flat with a new 10 year lease and a fish and chip shop.  All producing a Gross Yield of 7.5%.

Full Details

ACCOMMODATION:
Ground Floor Shop :
Retail Sales Area - 56.7sqm (611sqft)
Store Room - 53.4sqm (575sqft)
Overall GIA - 110.2sqm (1,186sqft)

Fish and Chip Shop :
Overall GIA - 16.7sqm (180sqft)

Flat :
First Floor - 109.5sqm (1,179sqft)
Attic - 14.5sqm (156sqft)
Overall GIA - 124.1sqm (1,335sqft)

Total GIA - 250sqm (2,701sqft)

SCHEDULE OF TENANCIES:
The premises are offered with the following :

Porthtowan Village Stores and Flat : Rent - £30,000 , 10 Year Term, Expiry 15/02/2027
Fish and Chip Shop : Rent- £3,600, 2 Year Term, Expiry 03/09/2017

Total : £33,600
Gross Yield : 7.5%

VIEWINGS:
Interested parties are encouraged to inspect as a customer in the first instance. If a more formal appointment or meeting with the client is required this is to be arranged via Redgrave Commercial.

More Information

  • Make Enquiry
  • Call 01872 277 314