IMPRESSIVE INVESTMENT PROPERTY

Ref : G2094

Price

Freehold : Offers in the Region of :: £230,000.00

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.

  • Impressive mixed commercial and residential investment.
  • Excellent Fore Street location in heart of thriving Cornwall town.
  • Substantial terraced property well maintained and presented throughout.
  • Ground floor retail shop with stockrooms, staff area, w.c. and double garage.
  • Large self-contained and well presented two bedroom flat.
  • Current rental approx. £15,500 per annum (i.e. £8,000 per annum for shop and £7,500 per annum for flat).
  • Pre-arranged rent increase for shop to £10,000 in 2023.
  • Viewing strongly recommended.

This lucrative mixed retail and residential investment property occupies a prominent trading position in the main Fore Street of Saltash.  There is roadside parking immediately outside the premises, as well as a number of car parks within comfortable walking distance.  As one would expect, there are a full and varied selection of businesses represented within the Fore Street, with multiple concerns including Coop, McColls, Specsavers, Coral, BetFred, Bargain Booze, as well as a variety of pubs, restaurants and independent traders, all serviced by a number of public car parks.

Saltash, with a population of nearly 14,000, is built on a steep hill above the banks of the River Tamar.  The town is dominated by the Royal Albert Bridge and the A38 road bridge which provides the gateway between Cornwall and Devon.  Its ancient cottages in the old part of the town contrast with the new estates which have been built to house the many hundreds of commuters who travel to Plymouth to work.  The outskirts of Saltash have also been expanded over recent years with modern light industrial trading estates which appear to be constantly expanding. 

The premises are terraced and comprise a substantial two storey property of traditional construction with rendered and painted elevations under a pitched slate roof.  The property is well maintained and presented to a good standard throughout.  In brief, it comprises a lock-up retail unit at ground floor level, currently operated as a Bargain Booze off-licence, with stockrooms, staff kitchen, w.c., covered yard area and double garage at ground floor level.  In turn, there is a self-contained two bedroom flat which is accessed from the rear and provides spacious and comfortable living accommodation.  An early viewing appointment is strongly recommended to fully appreciate the size and quality of this impressive investment opportunity.

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Office Address

Huntley & Partners
117 Ridgeway
Plympton
Plymouth
Devon
PL7 2AA

Telephone

01752 206020

(24hr answering service)