- Reference LAU260054
Features
- Attractive freehold investment opportunity
- Prominent retail frontage with generous shop floor space
- Well-proportioned storage and preparation area to the rear
- Strong gross yield of just over 9%
- Situated in a high footfall, popular tourist location
- Secure income via a full repairing and insuring (FRI) lease
- Established tenant in situ – business unaffected by sale
- Virutal tour available upon request
- EPC - C
Description
Attractive freehold investment opportunity with prominent retail frontage and generous shop floor space. Well-proportioned storage and preparation area to the rear. Strong gross yield of just over 9% situated in a high footfall, popular tourist location. EPC - C
An excellent opportunity to acquire a rare freehold investment situated in a prominent, high footfall location. The property delivers a strong gross yield of just over 9% and benefits from well-proportioned retail accommodation, complemented by good-sized storage and kitchen facilities. The business remains unaffected by the sale, with the property let to an established tenant on a full repairing and insuring (FRI) lease expiring on 13 October 2030.
The area of Tintagel itself, has over 300,000 tourists visit every year to enjoy King Arthur’s Castle, the beach, the ancient headland Church, or old Post Office, together with the eating and shopping facilities. Within Tintagel there is a modern Visitors Centre, Doctors Surgery, Church, and mobile Library. In all directions from Tintagel there is scenery of outstanding natural beauty. Either side of Tintagel the North Cornish coast offers breathtaking National Trust cliff scenery linking to popular family beaches such as Trebarwith and quaint former fishing villages such as Boscastle. To the South Bodmin Moor provides wild open spaces ideal for walking and riding.
Accommodation
uPVC glazed entrance door into:-
SALES FLOOR
Two large uPVC bay windows either side. Spotlights, recessed floormat and commercial non-stick flooring. Space for seating and service counter. To the rear of the sales floor there is a window to the side elevation, stainless steel units with circular stainless-steel sink. Door into:-
STOREROOM / PREP AREA
Commercial non-stick flooring and space for store or prep area. Strip lights.
REAR STORE ROOM / KITCHEN
Strip lights and commercial non-stick flooring. Space for storage. Stainless sink with mixer tap and tiled splash back along with shelving above.
REAR HALLWAY
Fire door leading to side entrance, strip lights and fuse board, Commercial non-stick flooring.
W.C.
Obscure window to the side elevation. Commercial non-stick flooring, close coupled W.C, sink with separate taps, tiled splash back and cupboard below. Round ceiling light.
Agents Note:
The property is let to the current Tenant on a full repairing and insuring (FRI) Lease expiring on 13 October 2030, producing a passing rent of £15,000 per annum. The tenant remains in occupation, and the sale will not affect the ongoing business operations.
Tenure
The current owners of Pendhu House hold the Freehold for the entire building. They arrange the annual building insurance, with each owner or tenant contributing their respective share.
Services
Mains water, electricity and drainage.
EE Rating - C
Business Rateable Value - £8,300
Directions - What3Words – shapless.nurses.sounds
Virtual Tour - Available upon request
Viewings strictly by appointment only
Please ring 01566 777 777 to view this property and check availability before incurring travel time/costs. Full details of all our properties are available on our website www.kivells.com.
Verified Material Information
Council Tax band: Not banded
Tenure: Freehold
Property type: Flat
Property construction: Standard construction
Energy Performance rating: E
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: None is installed.
Heating features: Double glazing
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - Good
Parking: None
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Historical flooding: No
Flood defences: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: Level access
Coal mining area: No
Non-coal mining area: Yes
All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
An excellent opportunity to acquire a rare freehold investment situated in a prominent, high footfall location. The property delivers a strong gross yield of just over 9% and benefits from well-proportioned retail accommodation, complemented by good-sized storage and kitchen facilities. The business remains unaffected by the sale, with the property let to an established tenant on a full repairing and insuring (FRI) lease expiring on 13 October 2030.
The area of Tintagel itself, has over 300,000 tourists visit every year to enjoy King Arthur’s Castle, the beach, the ancient headland Church, or old Post Office, together with the eating and shopping facilities. Within Tintagel there is a modern Visitors Centre, Doctors Surgery, Church, and mobile Library. In all directions from Tintagel there is scenery of outstanding natural beauty. Either side of Tintagel the North Cornish coast offers breathtaking National Trust cliff scenery linking to popular family beaches such as Trebarwith and quaint former fishing villages such as Boscastle. To the South Bodmin Moor provides wild open spaces ideal for walking and riding.
Accommodation
uPVC glazed entrance door into:-
SALES FLOOR
Two large uPVC bay windows either side. Spotlights, recessed floormat and commercial non-stick flooring. Space for seating and service counter. To the rear of the sales floor there is a window to the side elevation, stainless steel units with circular stainless-steel sink. Door into:-
STOREROOM / PREP AREA
Commercial non-stick flooring and space for store or prep area. Strip lights.
REAR STORE ROOM / KITCHEN
Strip lights and commercial non-stick flooring. Space for storage. Stainless sink with mixer tap and tiled splash back along with shelving above.
REAR HALLWAY
Fire door leading to side entrance, strip lights and fuse board, Commercial non-stick flooring.
W.C.
Obscure window to the side elevation. Commercial non-stick flooring, close coupled W.C, sink with separate taps, tiled splash back and cupboard below. Round ceiling light.
Agents Note:
The property is let to the current Tenant on a full repairing and insuring (FRI) Lease expiring on 13 October 2030, producing a passing rent of £15,000 per annum. The tenant remains in occupation, and the sale will not affect the ongoing business operations.
Tenure
The current owners of Pendhu House hold the Freehold for the entire building. They arrange the annual building insurance, with each owner or tenant contributing their respective share.
Services
Mains water, electricity and drainage.
EE Rating - C
Business Rateable Value - £8,300
Directions - What3Words – shapless.nurses.sounds
Virtual Tour - Available upon request
Viewings strictly by appointment only
Please ring 01566 777 777 to view this property and check availability before incurring travel time/costs. Full details of all our properties are available on our website www.kivells.com.
Verified Material Information
Council Tax band: Not banded
Tenure: Freehold
Property type: Flat
Property construction: Standard construction
Energy Performance rating: E
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: None is installed.
Heating features: Double glazing
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - Good
Parking: None
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Historical flooding: No
Flood defences: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: Level access
Coal mining area: No
Non-coal mining area: Yes
All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Documents
Floor Plans
