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Veryan & Portloe Stores and Post Office 1 Raglan Cottages 869 sq ft Retail Property Veryan TR2 5RL £735,000 (£845.80/sq ft)
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
Sale of the freehold for £735,000.
Stock at cost price agreed between seller and buyer on day of Completion, advised value c. £25,000, subject to seasonal variances. All trade fixtures and fittings essential to the running of the business are to be transferred free of lease / lien on Completion. An inventory will be supplied prior to an exchange of contracts and form part of the Contract for sale. Shop sales: 2 year average net t/o c. £251,000, GP 26% and adjusted net c. £31,500. Retirement sale.
The retail areas are predominantly ground floor with s few steps to a secondary retail area (where the fortress Post Office was housed). Within the retail areas is a store room and staff wc.
Stock at cost price agreed between seller and buyer on day of Completion, advised value c. £25,000, subject to seasonal variances. All trade fixtures and fittings essential to the running of the business are to be transferred free of lease / lien on Completion. An inventory will be supplied prior to an exchange of contracts and form part of the Contract for sale. Shop sales: 2 year average net t/o c. £251,000, GP 26% and adjusted net c. £31,500. Retirement sale.
The retail areas are predominantly ground floor with s few steps to a secondary retail area (where the fortress Post Office was housed). Within the retail areas is a store room and staff wc.
Property Facts
Sale Type
Investment
Sale Condition
Furniture, Fixtures and Equipment Included
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
869 sq ft
Costar Property Class
C
Year Built
1850
Price
£735,000
Price per sq ft
£845.80
Tenancy
Single
Number of Floors
2
Parking
4 Spaces (4.6 Spaces per 1,000 sq ft Leased)
Amenities
- Bus Route
- Security System
- EPC - C
- Storage Space
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Veryan & Portloe Stores and Post Office | 1 Raglan Cottages
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