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- LoopNet Team
Laity Ln
St Ives TR26 3HW
Carbis Bay Investment Land · Land For Sale
·
3.39 ac
INVESTMENT HIGHLIGHTS
- Ground Rent/Sale of Land Opportunity
- Outskirts of St Ives
- Retirement Sale
- Part of Freehold Title
- Gross yield 6%
PROPERTY FACTS
| Property Type | Land | Total Plot Size | 3.39 ac |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 3.39 ac |
DESCRIPTION
The site was originally developed in 1986/1987 as a holiday park for holiday use, which were converted to full residential consent in 1994, during which time the properties have been sold to private individuals, with a typical sale value (at the time of writing) in region of £150,000 to £160,000. Our clients retained the gardens and parking for the properties and therefore for sale is the current residual amount, being 22 gardens and 83 parking spaces. The gardens are typically selling for £25,000, alternatively, generate a ground rent of £1,321 per annum. Our client has sold 6 car parking spaces, with 83 remaining and these have been sold for £3,750 each, these do not attract any ground rent. In terms of the ground rents, these are collected 1 year in advance and are linked to the Retail Price Index, the total for the 22 is £29,062 per annum.
