24 November 2022: Thursday 24 November 2022 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Comprises two shops together with three flats (1x four bed, 1x two bed and 1x one bed)
    • Two ground floor units let at £52,000 pa (plus vacant new build flats)
    • Part let to Specsavers until August 2028 at £22,000 pa (subject to break option)
    • Part let to Church of England Children's Society until June 2031 at £30,000 pa
    • Includes 3 newly refurbished flats above

    Description

    The property comprises a three storey building arranged as two ground floor retail units and three flats (1x one bedroom, 1x two bedroom and 1x four bedroom with a balcony) above on first and second floors.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note the approximate floor areas have been provided by the VOA/vendor and the property has not been inspected by Savills.


    Ground (37) - 63.40 sq m (682 sq ft)

    Ground (39/41) - 104 sq m (1,119 sq ft)

    First - 1 bed flat - approx 60.39 sq m (650 sq ft)

    First - 2 bed flat - approx 65.03 sq m (700 sq ft)

    Second - 4 bed flat - approx 111.48 sq m (1,200 sq ft)


    Tenancy

    Specsavers - 10 year lease from 02.08.2018 until 01.08.2028 at a rent of £22,000 pa. The lease is subject to a break option on 01.08.2023

    Church of England Children's Charity - 10 year lease from 16.06.2021 until 15.06.2031 at a rent of £30,000 pa. The lease is subject to a break option on 16.06.2026

    1 bed flat - Vacant Possession

    2 bed flat - Vacant Possession

    4 bed flat - Vacant Possession


    Rent

    £52,000 pa (plus 3 vacant flats)
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Newquay is a popular seaside town in Cornwall. The property is situated in a prominent location on the north side of Bank Street, close to it's junction with The Crescent. Nearby occupiers include Superdrug, Boots, The Works, Costa Coffee, Superdry and EE.

      Transport

      Roads: A392, A30

      Rail: Newquay


      Legal documents

      Login to view legal documents

      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums