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Fore Street, Lostwithiel £375,000

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  • INVESTMENT OPPORTUNITY WITH COMMERCIAL & RESIDENTIAL INCOME
  • SUBSTANTIAL GRADE II LISTED PROPERTY WITH PROMINENT TRADING POSITION
  • ESTABLISHED TENANTS WITH EXISTING LEASE AND TENANCY AGREEMENT
  • GAS CENTRAL HEATING (MAISONETTE ONLY)
  • GENEROUS SIZE GARDEN TO THE REAR

** INVESTMENT OPPORTUNITY WITH COMMERCIAL & RESIDENTIAL INCOME! ** A deceptively spacious Grade ll Listed mixed-use property, boasting a prominent position in the heart of the town which includes an established retail premises and a three bedroom maisonette.

Accommodation Comprises:- Retail Premises - Entrance lobby, main shop area, shared hallway, food preparation room, utility/store room and cloakroom/W.C. Maisonette - Entrance hall, dining/family room, kitchen, split level landing, lounge, three bedrooms, bathroom, utility room, gas fired central heating, enclosed rear garden with patio, small courtyard and a garden store.


Fore Street
Lostwithiel PL22 0BL
County: Cornwall
Sale Type: For Sale
Ref #: CJL00565

SITUATION

Lostwithiel is a popular Mid-Cornwall town which is steeped in history and renowned for its vibrant community. The town boasts an array of local amenities including a variety of shops, restaurants, public houses, professional services, dentist and health centre. There is also a main line train station on the Penzance to London line and a choice of two Primary schools. Secondary schools are available at nearby Fowey (7 miles) and Bodmin (5 miles) respectively. A purpose built community centre offers recreational and sporting facilities next to the 'King George V' playing field.

DESCRIPTION

The property represents a proven freehold investment opportunity with a healthy annual income generated by a combination of the commercial lease and a residential tenancy. The retail premises have been operating as 'Bellamama Deli' since it first opened in April 2009. This well established local business changed hands in 2017, which resulted in the commencement of a new 7 year lease and this is due to run until November 2024. The maisonette is currently let under the terms of an Assured Shorthold Tenancy and has now become a periodic tenancy since the end of the fixed term. The property is let unfurnished and the tenancy agreement commenced in March 2020 at £725 per calendar month.

ACCOMMODATION (All sizes approximate):-

RETAIL PREMISES (BELLAMAMA DELI)

Entrance

Main entrance door from Fore Street opening into:-

Entrance Lobby

Decorative tiled floor. Overhead box containing the electric meter and consumer unit. Part glazed door to shared hallway. Door into:-

Main Shop Area

14' 7'' x 13' 7'' (4.45m x 4.15m)

Large window to front with seat. Fitted counter/worktops and shelved units. Separate door to hallway.

Shared Hallway

Parquet floor. Door to utility/store room. Entrance door to maisonette. Door into:-

Food Preparation Room

14' 6'' x 9' 4'' (4.43m x 2.84m)

Window to front elevation. Range of built-in cupboards. Fitted worktop with small sink. Stainless steel extractor hood. Space for under-counter appliances.

Utility/Store Room

8' 6'' x 7' 3'' (2.59m x 2.20m)

Fitted rolled edge worktop. Inset stainless steel sink and drainer with mixer tap. Base unit. Space and plumbing for dishwasher. Space for additional under-counter appliances. Door to:-

Cloakroom/W.C

White low level W.C and wash hand basin. Window to rear elevation.

RATEABLE VALUE

£4,900 - Effective from 1st April 2017 (Note:- The rateable value is used to calculate the business rates payable, please refer to the government website).

MAISONETTE

GROUND FLOOR

Entrance

Door from the shared hallway opening into:-

Entrance Hall

Laminate floor. Turning staircase to first floor. Stained glass door into:-

Dining/Family Room

14' 1'' x 9' 3'' (4.28m x 2.83m)

uPVC double glazed window to rear elevation. Laminate floor. Radiator. Built-in cupboard. Half glazed door to rear garden. Step down and wide opening into:-

Kitchen

9' 0'' x 7' 7'' (2.74m x 2.30m)

Matching range of light beech fronted wall, base and drawer units with rolled edge worktops. Inset stainless steel sink and drainer with mixer tap. Built-in electric double oven. Inset four ring electric hob. Tiled splashback. Beamed ceiling. Space for fridge/freezer. uPVC double glazed windows to rear and side elevation.

FIRST FLOOR

Split Level Landing

Double glazed Velux roof window. Dado rail. Access to loft space. Doors leading off.

Lounge

15' 1'' x 10' 9'' (4.61m x 3.28m)

Sash window to front elevation. Radiator. Built-in cupboard. Picture rail.

Bedroom One

15' 3'' x 9' 7'' (4.65m x 2.93m)

Sash window to front elevation. Ornamental fireplace. Radiator. Built-in cupboard.

Bedroom Two

10' 0'' x 7' 6'' (3.06m x 2.28m)

Sash window to front elevation. Radiator.

Bedroom Three

9' 4'' x 8' 1'' (2.84m x 2.46m)

Obscure uPVC double glazed window to rear elevation. Radiator.

Bathroom

8' 11'' x 6' 11'' (2.73m x 2.11m)

White suite comprising:- Panelled bath, low level W.C and vanity wash hand basin. Corner shower cubicle with mains fed shower. Part tiled walls. Radiator. Obscure uPVC double glazed window to rear elevation.

Utility Room

9' 10'' x 9' 1'' (2.99m x 2.76m) (Restricted headroom)

Space and plumbing for washing machine. Space for tumble dryer. 'Worcester' gas fired combination boiler. Obscure uPVC double glazed window to side elevation. Sloping ceiling.

OUTSIDE

The property boasts an enclosed rear garden which is predominantly laid to lawn with various trees (Including apple) and an adjoining patio area. There is also a small enclosed courtyard with a cold water tap and an outside toilet (currently not in use).

Garden Store

6' 7'' x 4' 9'' (2.01m x 1.44m)

Personal door. Corrugated roof. Lean-to section attached.

COUNCIL TAX

Cornwall Council. Tax Band 'A'.

DIRECTIONS

Heading into Lostwithiel from the west on the A390, turn right at the traffic lights into Fore Street and follow the road down until the property is identified on the left-hand side.


Fore Street
Lostwithiel PL22 0BL
County: Cornwall
Sale Type: For Sale
Ref #: CJL00565

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