Land for sale in Copper Terrace, Hayle TR27

Freehold Investment Opportunity Located In Hayle
Fully Let Income Of £26,000 (6.8%) Return
Ground Floor Fish & Chip Takeaway
Three Bedroom Flat Above
2 Miles From St Ives
Ref 2729

Location
This Investment Property which is located in Hayle, Cornwall. Situated within a prominent and highly visible trading position on Hayle high street and only 2 miles from the thriving harbour town of St Ives. Both Hayle and St Ives enjoy high levels footfall and tourism especially in summer months and produce above average levels of sunshine. St Ives was voted the best holiday destination by Coast magazine and is listed in TripAdvisor's top 10 European beaches.

Freehold Asking Price: £379,950

Ground Floor Commercial
Leasehold
Original term: 15 years
Remaining : 7 years
Rent: £15,000 pa
Reviewed: 3 years

First Floor Flat
Leasehold
Original term: 15 years
Remaining : 7 years
Rent: £15,000 pa
Reviewed: 3 years

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Freehold Investment Property which is located in the holiday town of Hayle. The building has been a significant part of Hayle high street for many years with easy access to all the local amenities and has been in the careful hands of the current owner for the past 13 years. Reluctantly our client is offering the property for sale so that they can enjoy a well deserved retirement. Since ownership they have totally refurbished the property and made continual investment both internally and externally which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The property currently has a commercial let (Fish & Chip Takeaway) occupying the ground floor unit and a three bedroom flat on the first and second floors. The property is fully let with an annual income of £26,000 pa. This is a rare opportunity to purchase a well kept and fully let Investment Property which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Retail Property
Fish & Chip Takeaway area (3.7m x 5.2m)
Kitchen (5.3m x 5.2m) Storeroom 1 (2.0m x 5.3m) Storeroom 2 (1.6m x 2.1m) Prep room (3.5m x 2.9m)
First Floor Flat entrance hall (5.1m x 1.1m) kitchen fully fitted (3.7m x 3.2m) Bathroom (4.2m x 1.8m) Bedroom 1 (2.0m x 3.5m) Bedroom 2 (2.3m x 3.6m) Lounge (4.9m x 5.1m)

Second Floor
Bedroom 3

Commercial EPC Rating D
Domestic EPC Rating D