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Freehold Investment Property Located Wadebridge

Wadebridge, Cornwall, England

  • Freehold Price: £395,000
Seller Reference: 2420
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 2420
Request Details
Business Description
Freehold Investment Property Located In Wadebridge
Ground Floor Retail Let and Two Flats Above (Fully Let)
Rental Income: £24,500 pa
Ref 2420

Location
This Freehold Investment Property is located in the town of Wadebridge. This thriving market town on the north coast of Cornwall is within easy reach Bodmin (15 mins), which connects to the A30 heading west to Truro (30 minutes) or east to Exeter (60 minutes). It is the main town servicing the popular tourist resorts of Padstow, Rock, Polzeath and Port Isaac. Wadebridge boasts an array of large retailers along with niche independent retailers, cafes and restaurants.

Freehold Asking Price: £395,000

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Freehold Investment Property which is located in Wadebridge. The building has been a significant part of Wadebridge 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 21 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 (solicitors) occupying the ground floor unit with annual rent of £11,000 pa along with two residential lets. Flat 1 (2 bed) £7,500 pa and Flat 2 (1 bed) £6,000 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.

Ground Floor

Retail Property
Retail/Office (7.2m x 4.6m)

Back Office (3.1m x 2.9m)
W/C with wash basin
Kitchenette
Storage area

EPC Rating C

First Floor

Flat 1 Two Bedroom Flat with Quantum night storage heaters and double glazing towards the rear
Kitchen (3.2m x 2.2m) with fully fitted kitchen
Dining Room (2.4m x 3.5m)
Lounge (3.1m x 4.6m)
Hallway

Second Floor

Bedroom 1 (4.6m x 3.3m) double
Bedroom 2 (2.4m x 3.5m) double
Storage Room

Flat 1 EPC Rating E

First Floor

Flat 2 One Bedroom Flat with Quantum night storage heaters and double glazing towards the rear
Kitchen (2.8m x 2.6m) comprising: fully fitted kitchen base and wall units
Lounge (4.5m x 3.3m)
Hallway

Bedroom 1 (4.4m x 3.2m) double
Bathroom 2 (2.9m x 3.3m)

Flat 2 EPC Rating E
Tenure:
Freehold
Listed by:
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