Summary - Second Floor Flat, 42 Bank Street TR7 1AX
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Premium retail investment at 40 Bank Street, Newquay, Cornwall
- Freehold interest available for £350,000
- Current lease generates £27,500 annually; 6 years remaining on the lease
- Prime location near popular retailers like Costa Coffee and W H Smith
- Spacious two-story building with potential for varied business operations
- Excellent visibility in a high foot traffic area
This impressive retail investment property is nestled in the heart of Newquay, Cornwall, a vibrant coastal town famed for its surf culture and bustling tourism. The striking Victorian corner building boasts a prime retail position with large display windows, ensuring maximum exposure for any business. Strategically located at the intersection of Bank Street and Cheltenham Place, the property sits within a thriving commercial hub surrounded by well-known establishments and offers a unique opportunity for strong customer engagement.
Spanning a total of 2,416 square feet across two levels, the building is currently leased to a photographer and media company. The ground floor features a generous retail space complemented by a small storeroom, while the upper floors offer additional storage and a staff area, enhancing the property's overall versatility. While the location is ideal for retail and office use, potential investors should note that the existing lease may pose mortgage lending challenges.
With its excellent visibility, nearby amenities, and growing residential development in the area, this property represents not only a sound investment but also a potential for future business growth and adaptability. Don’t miss the chance to capitalize on this flourishing market—seize this opportunity while it lasts!
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