£800,000
Property for saleConcho Lounge Investment, 16 Bank Street, Newquay TR7
About this property
Prime town centre investment
Let on A term to expire 7th December 2030 (6.5 years remaini
Outstanding covenant of loungers ltd
Income of £60,000 pa
Represents attractive 7.11% niy allowing for purchasers cost
EPC rating - E (103)
Opportunity to purchase the investment of Loungers in a prime location in the centre of Newquay. Let for a term to expire on 7th December 2030, this investment provides an income of £60,000 per annum. The Tenant occupies the ground and first floors, with the benefit of a large beer garden and external bar to the rear. The upper floor flats will be retained on a long leasehold at the same time as the freehold sale.
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