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Floorplan
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    Key features

    • To be offered on Wednesday 10 December
    • Freehold Mixed Use Retail and Residential Investment
    • Arranged as two shops with three newly developed flats above (1x four bed, 1x two bed and 1x one bed)
    • Part let to Specsavers until August 2028 at £22,000 pa
    • Part let to Church of England Children's Society until June 2031 at £30,000 pa
    • Includes 3 newly refurbished flats above
    • Asset management to re-let the vacant flat and increase rents on the flats at renewal
    • VAT-Free Investment
    • Six Week Completion Available
    • Investment let at £78,400 (10.45% GIY on Guide Price, plus vacant one bedroom flat)

    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 areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.



    Tenancy

    Please see Tenancy & Accommodation Schedule.

    Rent

    £78,400 (plus vacant one bedroom flat)

    Notes

    Addendum:


    Please note the Special Conditions state otherwise but the seller has agreed to a 6 week completion.

    Please also note that paragraph 9 regarding the auctioneers fees in the special conditions of sale is not to apply.

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

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      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.

      Accommodation / Tenancy Schedule

      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

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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