Property for sale

Bank Street, Newquay, Cornwall TR7

An excellent opportunity to acquire the freehold interest of two substantial retail units situated in a prominent and busy position within Newquay town centre. As full freeholder, the purchaser will benefit from complete ownership of both properties. Benefiting from high footfall and strong local visibility, the properties are ideally located to attract a wide range of retail and commercial occupiers.
The accommodation comprises two large ground floor retail shops, both offering generous frontage and well-configured sales space. One of the shops further benefits from first floor accommodation, currently used as additional space including private rooms and office facilities.
The premises are fully income-producing, with a combined gross annual rental income in the region of £54,000 per annum, making this an appealing investment for those seeking a strong return in a popular coastal location.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Located in the heart of Newquay town centre, this property enjoys a highly convenient position within walking distance of a wide range of amenities including shops, supermarkets, doctors’ surgeries, and local schools. The vibrant town centre offers a lively coastal atmosphere, making it a popular destination for both residents and visitors alike.
Newquay’s famous beaches, including Towan Beach, Great Western Beach, and Fistral Beach, are all easily accessible, offering stunning coastal views, golden sands, and excellent surfing opportunities. The nearby coastline also provides access to the South West Coast Path, perfect for scenic walks.
With excellent transport links, including Newquay train station and regular bus routes close by, the location is ideal for those seeking a central base with everything on the doorstep. This makes it particularly attractive as a holiday home, investment property, or coastal residence.