Valuable commercial investment

Ref : G2072

Price

Freehold : Guide Price :: £185,000.00

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Valuable commercial investment property.
  • Restaurant currently let on 15 year lease. Generating rental approx. £12,000 per annum.
  • Excellent high street position busy coastal Cornwall village.
  • Lock up premises with A3/A5 consent. Currently operating as Indian Restaurant Takeaway.
  • Separate self-contained two bedroom flat. Let generating £6,600 per annum.
  • Viewing strongly recommended.

This lucrative investment premises occupies an enviable trading position in the heart of the picturesque South East Cornwall fishing village of Millbrook.  It is located in West Street, a short walk from the main village car park and there is a variety of businesses and trades represented nearby, including a Co-op supermarket, Premier convenience store, fish and chip shop, newsagents, coffee shop and a number of public houses. All of these combine to serve the needs of the surrounding resident community, which, in turn, is boosted during the summer by the many thousands of holidaymakers and tourists who visit and pass through the area.   

Millbrook is approximately 7 miles from Plymouth via the Torpoint Ferry and is situated on the South East Cornwall peninsula close to the old fishing villages of Cawsand and Kingsand together with nearby Mount Edgcumbe Country Park and HMS Raleigh, the Navy’s principal training centre.  Nearby are some of the most popular beaches in the South West including Whitsand Bay where recently HMS Scylla has been sunk to form an artificial reef which is proving extremely popular with divers who are visiting from all around the world.

The premises are terraced and believed to date back to the Victorian period.  The main walls appear to be of solid stone and timber frame construction beneath a pitched timber and slated roof.  A modern extension has been added to the rear. The premises are lock-up and have A3 and A5 consent and have operated since the end of 2015 as a Indian Restaurant and take-away. In turn, there is a flat on the first and second floor. This has just been renovated by our clients and it is anticipated that a rental of £550 per calendar month will be achieved. An early viewing appointment is strongly recommended

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)