Awards

Padstow Investment Opportunity

Reception Rooms: 1 | Bedrooms: 1 | Bathrooms: 1

Offers in the region of £595,000

  • Three storey former townhouse
  • Excellent investment opportunity
  • Ground Floor Retail Premises
  • Two storey residential above
  • 100 Yards Of the harbour
  • Modern Finish with Traditional Features
  • Enclosed Rear Garden
  • Freehold

Just metres from the harbour, a gorgeous three storey freehold premises offering a superb investment opportunity, in the heart of Padstow. This delightful former town house now comprises of a two storey residential property, currently a successful holiday let, above a ground floor retail premises, with a long term tenant in situ.

The Loft sits above the retail premises and is currently a very successful holiday let with a good rental history providing an income of approximately £20,000 per annum. The property has a modern interior design but with many appealing more traditional features, including exposed wooden floorboards and exposed beams. Situated over the top two storeys and comprising of a spacious kitchen/diner that has access to the garden, good-sized living room and WC. Above is the double bedroom and bathroom. The rear garden is laid to lawn with a large decked patio areas.

The ground floor retail premises offer a good sized shop floor area with store room, toilet, kitchen area and small enclosed courtyard to the rear. The shop is currently occupied by a local company who are circa two years into a 10 year lease, with rent passing of £15,000 per annum. The current tenant is responsible for the upkeep and maintenance of the ground floor and contributes a third of the buildings insurance costs.

Overall, this is a rare investment opportunity and viewings of the property are highly recommended in order to appreciate its qualities.

Location

Padstow has a long and ancient maritime history, the harbour being nestled in to the west-side of the Camel Estuary offering protection from the prevailing south-westerly winds. The town boasts a labyrinth of crooked streets sloping down to the harbour where many fine medieval buildings can be found including the 15th century Abbey House on North Quay and the 16th century court house of Sir Walter Raleigh on the South Quay.

The surrounding coastline and countryside is designated as an Area of Outstanding Natural Beauty with many of North Cornwall's finest sandy beaches within a five mile radius. For sailing and water sports enthusiasts, the Camel Estuary and Padstow area in general is a well established location. Other facilities include sailing, water skiing, boat charters from Padstow Harbour. Craft can also be moored in Padstow or launched from the Padstow Harbour Commissioners' Slipway.

Padstow offers an excellent range of restaurants the Michelin starred restaurant of Paul Ainsworth's No. 6 and Rick Stein's renowned Seafood Restaurant both within a 5 minute walk; with many other restaurants and public houses offering excellent fare.

The Trevose Golf and Country Club is located within approximately 3 miles, the course was bestowed with the honour of hosting the Amateur Brabazon Strokeplay Championship, bearing testament to the course's excellent credentials. The course also offers excellent tennis courts and swimming pool.

By train Bodmin Parkway station approximately 25 miles distant offers regular links direct to London Paddington. By air Newquay Airport is approximately 25 minutes (8 miles) and offers a number of national and international flights via London Gatwick which is approximately a one hour flight.

The Loft

ACCOMMODATION WITH ALL MEASUREMENTS BEING APPROXIMATE:

ENTRANCE DOOR - stairs leading to;

KITCHEN/BREAKFAST AREA - 11' 09" x 9' 04" (3.58m x 2.84m) - uPVC window the rear, door to rear garden, laminate flooring throughout, range of base units with laminate work surface over, stainless steel sink with drainer, gas combination central heating boiler, stainless steel shelves, inset electric oven and hob with extractor hood over, LED spotlights, radiator, central breakfast bar.

LIVING ROOM - 12' 06" x 12' 06" (3.81m x 3.81m) - uPVC window to front overlooking Duke Street with deep window sill, laminate flooring, LED spotlights, radiator, door into;

WC - Recess sink with ceramic tiled surround, wc, extractor fan, LED spotlight.

DOOR - Stairs to;

STUDY AREA - uPVC window to the rear, exposed nautical wooden beams.

HALLWAY - Exposed nautical wooden beams.

BATHROOM - 8' 06" x 7' 04" (2.59m x 2.24m) - uPVC window to side with views across rooftops across to the Camel Estuary, wooden sill, laminate flooring, wc, shower cubicle with rainwater shower head, stainless steel electric towel rail, exposed nautical wooden beams, pedestal sink with mirror, recess with space for washing machine.

DOUBLE BEDROOM - 15' 05" x 12' 06" (4.70m x 3.81m) - Upvc window with deep wooden sill to the front overlooking Duke Street, laminate flooring, exposed nautical wooden beams, LED spotlights, radiator.

GARDEN - To the rear and accessed via the kitchen/breakfast room. Enclosed garden with lawn and patio areas.

Retail Premises

Entrance Door into:

HALLWAY - With separate entrance doors to retail outlet and accommodation.

RETAIL PREMISES:

SHOP FLOOR - 27' 07" x 8' 10" (8.41m x 2.69m) With shop window to front elevation.

STORE AREA - 5' 11" x 5' 9" (1.80m x 1.75m)

WC - 4' 09" x 4' 0" (1.45m x 1.22m) - Frosted window to side elevation, wc and pedestal sink.

STAFF KITCHEN - 7' 08" x 5' 08" (2.34m x 1.73m) - Stainless steel sink with drainer, laminate work surface with storage under.

DOOR TO;

COURTYARD - 7' 04" x 5' 05" (2.24m x 1.65m)

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