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£650,000

House, Fore Street, East Looe, Looe, PL13

  • 4 beds
Other

£650,000

  • 4 beds
Other
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Estimate monthly mortgage payment:

£2,967 per month

Minimum deposit amount:

£32,500
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We are pleased to present this Mixed Use Freehold Building to the market. This building presents opportunity for an entrepreneur or investor, with a steady income from the leased out restaurant with courtyard, the charming retail shop is in prime position on Fore Street and the accommodation above offers great development potential.

Front With beautiful frontage and a slate paved entrance way, large wooden glazed door gives access into...

Shop Area (Zone One)12'8" x 24'2" (3.86m x 7.37m). Incorporating feature till area with glass display cabinet, tiled flooring, feature beams

Shop Area (Zone Two)12'11" x 11'3" (3.94m x 3.43m). Measure excludes stairway. Large timber staircase leading up to the first floor level, which is currently blocked off. Underneath the staircase is an alcove currently used as a changing room.

. The shop boasts a wealth of features and bay windows and is located in an iconic position along Fore Street in East Looe.

The Restaurant Currently held on a lease until 2025, this generates an annual rent of £9,600. The outdoor courtyard is held on a license via the same tenant until 2025. See valuation office website https://www.tax.service.gov.uk/business-rates-find/properties/7945042000

Restaurant Accessed from the main street. Metal gate gives access through to an outdoor area, wooden stable door gives access into...

Main Restaurant Tiled flooring, wooden glazed door to the side aspect, exposed beams, doors through to toilet and store room. Entrance way around to...

Kitchen Area16'5" x 18'9" (5m x 5.72m). Tiled flooring, wooden glazed door to the exterior, opening through to the garage.

Garage12'2" max x 16'6" (3.7m max x 5.03m). Currently used as a store room and leased out as part of the restaurant.

Store Rooms Currently accessed from the rear of the building via wooden door, stairs lead into large open room with vaulted ceilings. Double glazed windows look over courtyard area, step raises into additional large storage room. With timber flooring and glazing in place, these large store rooms are ripe for conversion subject to permissions.

Accomodation Above the shop there is accommodation that has been stripped back ready for renovation. It comprises a series of seven rooms with some original timber floorboard and wall panelling. All enjoys an outlook over the town with the top floor featuring a stunning bay window with glimpse towards the river. Currently the accommodation is uninhabitable but presents an exciting opportunity for any prospective purchaser.

. ** BUSINESS RATES APPLY **

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Stamp Duty tax
These figures are estimates and are provided for guidance only
£20,000
Mortgage and legal costs:
£999
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Property details

£650,000

4 bed property for sale

House, Fore Street, East Looe, Looe, PL13
We are pleased to present this Mixed Use Freehold Building to the market. This building presents opportunity for an entrepreneur or investor, with a steady income from the leased out restaurant with courtyard, the charming retail shop is in prime position on Fore Street and the accommodation above offers great development potential.

Front With beautiful frontage and a slate paved entrance way, large wooden glazed door gives access into...

Shop Area (Zone One)12'8" x 24'2" (3.86m x 7.37m). Incorporating feature till area with glass display cabinet, tiled flooring, feature beams

Shop Area (Zone Two)12'11" x 11'3" (3.94m x 3.43m). Measure excludes stairway. Large timber staircase leading up to the first floor level, which is currently blocked off. Underneath the staircase is an alcove currently used as a changing room.

. The shop boasts a wealth of features and bay windows and is located in an iconic position along Fore Street in East Looe.

The Restaurant Currently held on a lease until 2025, this generates an annual rent of £9,600. The outdoor courtyard is held on a license via the same tenant until 2025. See valuation office website https://www.tax.service.gov.uk/business-rates-find/properties/7945042000

Restaurant Accessed from the main street. Metal gate gives access through to an outdoor area, wooden stable door gives access into...

Main Restaurant Tiled flooring, wooden glazed door to the side aspect, exposed beams, doors through to toilet and store room. Entrance way around to...

Kitchen Area16'5" x 18'9" (5m x 5.72m). Tiled flooring, wooden glazed door to the exterior, opening through to the garage.

Garage12'2" max x 16'6" (3.7m max x 5.03m). Currently used as a store room and leased out as part of the restaurant.

Store Rooms Currently accessed from the rear of the building via wooden door, stairs lead into large open room with vaulted ceilings. Double glazed windows look over courtyard area, step raises into additional large storage room. With timber flooring and glazing in place, these large store rooms are ripe for conversion subject to permissions.

Accomodation Above the shop there is accommodation that has been stripped back ready for renovation. It comprises a series of seven rooms with some original timber floorboard and wall panelling. All enjoys an outlook over the town with the top floor featuring a stunning bay window with glimpse towards the river. Currently the accommodation is uninhabitable but presents an exciting opportunity for any prospective purchaser.

. ** BUSINESS RATES APPLY **