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For Sale

Quayside House And Eddystone House

Specifications

9,249 Sq Ft (859.23 Sq M)
£
For Sale: £1,495,000 Guide Price
Quayside House And Eddystone House, Eddystone Road, Wadebridge, Cornwall, PL27 7AU
Current Brochure

Summary

Attractive investment with development angle
Modern development in busy location close to waterside
Sought after North Cornwall town
Tenanted Shop, Restaurant & Coffee Shop
Permitted development for conversion of upper parts to 4 residential flats
Long leases to shops and office
Income apprx £104,950 per annum with potential for further income from development or lettings
Car parking to the rear of the premises.

Description

Quayside House (outlined BLUE on front page) comprises ground floor retail premises that are owned on a long leasehold basis. This unit is currently let although the lease expires in June 2025 and the unit is currently on the market to let. Eddystone House (outlined RED on front page) comprises ground floor restaurant, separate detached
coffee shop, upper parts with Permitted Development confirmed for conversion to 4 residential flats. In addition to the main buildings and also included are
a series of shops and an office which are let on long leases at peppercorn rentals. There is car parking to the rear of the premises.

Location

Wadebridge is a very popular North Cornwall town located just off the A39 Atlantic Highway in this sought after part of the county. It is easily accessible with Bodmin and the main A30 some 7 miles away and Padstow 8 miles distant. It is well situated for the very popular cycle way, The Camel Trail, which links Padstow and Bodmin and runs in front of the premises.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.

Quayside House
Ground floor 348.20 sq m (3,748 sq ft)

Eddystone House
GF Restaurant & ancillary 212.28 sq m (2,285 sq ft)
First floor offices (consent to convert to residential) 136.94 sq m (1,474 sq ft)
Second floor (consent to convert to residential) 120.03 sq m (1,292 sq ft)
Detached coffee shop (The Rotunda) 41.80 sq m (450 sq ft)

4 units sold on long leases n/a n/a

Service Charge

A service charge is levied for the upkeep and maintenance of the external areas and structure of the buildings. Please enquire for further information.

Business Rates

Quayside House shop:- £61,000
Eddystone House restaurant:- £31,500
The Rotunda:- £11,000


Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC / MEES

GF Quayside House C (61)
GF Restaurant TBC
Upper floors TBC
Coffee shop TBC

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.

Agent Contacts