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A rare opportunity to acquire the freehold of this commercial premises along with a one bedroom maisonette apartment

1 Egloshayle Road provides an excellent investment opportunity for an established retail unit along with a one bedroom residential apartment. The property is located on the edge of the town centre adjacent to the beautiful River Camel and just yards from the old historic bridge.

The ground floor retail unit benefits from a running lease which started in November 2012 and runs until October 2019, currently occupied by the well-established dress agency ‘Elegance’. The unit comprises of a front shop area with further store room to the rear along with a fitted sink unit and wc. The rental income is £7000 per annum with a rateable value of £2600 per annum. A rent review is due in November 2015.

Accessed to the rear of the property is a one bedroom maisonette apartment,'Camel Flat' which is currently rented at £600 per calendar month. The accommodation here comprises of a small kitchen, shower room and sitting room with partial river views. Stairs rise to the upper floor to a double bedroom, also with partial river views and an under eaves storage area. The apartment has undergone a number of improvements within recent years and received a full electrical check and rewire in 2013, the heating has been updated, the kitchen and bathroom were renewed during 2009 and the decking and flat roofs were installed during 2010. The apartment also benefits from a small decked garden area. Services to the property include mains water, electricity, and drainage.

Wadebridge is a thriving market town on the river Camel, which offers a fine selection of shops and amenities including a sports centre, cinema, a primary and secondary school and a selection of supermarkets. Wadebridge also enjoys the Camel Trail, a popular and almost level cycle route which runs between Padstow and Bodmin, formerly the railway track. The town is equal distance from the harbour town of Padstow with all its restaurants and quaint shops and the watersports haven of Rock. The nearest mainline station is Bodmin Parkway which is approximately 15 miles distant as is the nearest airport at Newquay.

To find the property, from Wadebridge town centre, drive away from the town across the Old Bridge and you will see 1 Egloshayle Road ahead of you, with the shop being called ‘Elegance’. The postcode for satellite navigation is PL27 6BX.

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Wadebridge - £230,000

  • Freehold Investment Opportunity
  • Established Retail Unit
  • Currently Leased Until 2019
  • One Bedroom Maisonette Apartment
  • Some Estuary Views
  • Current 6 Month Short hold Tenancy
  • Close to Wadebridge Town Centre

 

What Our Customers Say
Very good, professional service by a team who clearly understand the local market; wouldn’t hesitate to recommend.
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Padstow: 01841 532 555

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