Property description
Freehold commercial/residential property investment with a current rent of £11,880 per annum. Ground floor shop at present a hairdressers with a three bedroom first and second floor residential accommodation. Parking space to one side.
SITUATION
The property occupies a prominent position in Fore Street which is in the heart of the waterside village and just a few yards from the village shop. Calstock parish has a population in the region of 6,500 being set on the tidal river Tamar and in an area of outstanding natural beauty. The population in the parish has been on the increase since 2001 and the population is boosted by visitors during the summer months together with the various events that are held in this popular village. There is a regular bus service to the village in addition to the railway station with regular service connecting to the city of Plymouth. The village still boasts free car parking and this is roughly 100 yards from the premises.
DESCRIPTION
The building is occupied at present by one tenant using the ground floor as hairdresser/beauty treatment salon, whilst the upper two floors provide fairly spacious three bedroom accommodation. The current rent for the shop and flat is £11,880 per annum.
The shop is held on a Licence which can be terminated by giving two months notice and the residential accommodation is on a shorthold tenancy, again subject to two months notice should possession be required. It is understood that the present tenant would wish to continue a tenancy under a new owner.
SERVICES
Mains water, electricity and drainage.
NOTE: There is the possibility of a 60% private mortgage being available for the purchase of this property.
COUNCIL TAX BAND
The residential accommodation is Band B.
RATEABLE VALUE
The rateable value for the business is £3,800 with a gross charge of £1,824.
EE RATING
Flat : Band G
Shop : Band E
TENURE
Freehold
DIRECTIONS
From the Callington to Gunnislake A390 road turn off at the pub in Gunnislake where signposted to ‘Calstock’. Take the main road down into the village where at the bottom of the hill, turn left into Fore Street where the property will be found after roughly 100 yards on the left hand side.
Property Features :
- Freehold commercial/residential property investment
- Current rent £11,880 per annum
- Ground floor shop at present a hairdressers
- Three bedroom first and second floor residential accommodation
- Parking space to one side
Property Info: