Mawnan Smith

£425,000

Guide price

  • Bedrooms: 3
HOME + COMMERCIAL INVESTMENT + BUILDING PLOT. A highly unique opportunity to acquire a multi-use detached freehold property, positioned right in the heart of this highly sought-after village, close to the beautiful Helford River; comprising a large ground floor commercial/retail investment unit and offices, plus a residential 3-bedroomed apartment at first floor level with independent access, and the added attraction of a building plot to the rear with planning permission for a detached 2-bedroomed house.

THE PROPERTY

Currently yielding £16,400 per annum in rental return, a rare opportunity to secure a detached freehold premises within the heart of this highly desirable village, ideal for those seeking an excellent investment opportunity or home plus income, with the added benefit of a building plot to the rear with permission for the construction of a detached house.

On ground floor level, the shop/commercial unit is currently tenanted until 2021 by a family-run and successful holiday rental company, who have indicated an extension to this current lease. The accommodation briefly comprises a broad front window and generous customer-facing area, together with various and adaptable rooms located to the rear including, three separate offices, large storage areas and a staff cloakroom/WC.

A good size three-bedroomed apartment at first floor level has the benefit of independent access via a rear entrance and staircase, providing a separate kitchen, living room and private driveway leading to a parking area, garage and garden area.

Planning permission within the rear garden area was granted on 15 April 2019 for the construction of an additional detached two-storey dwelling, retaining a private garden and of an attractive design - a highly rare proposition in this central village position, with direct level access to a range of shops and local amenities.

THE LOCATION

The property occupies a highly central village location with easy and completely level access to a good range of facilities available, which include a village shop/post office, Cornish Maid Cafe and Deli, boutique, hairdressers, restaurant, MS Electrics and the well renowned thatched Red Lion public house. Also within the village is a well respected playschool and primary school, and secondary schooling can be found at nearby Penryn, Falmouth and Mullion. There is also a doctors surgery and delightful countryside and coastal walks available on the doorstep, with the Helford River and sandy cove at Maenporth within easy reach. The port and town of Falmouth is four miles distant, and the city of Truro twelve miles; there are regular buses to both and frequent trains from Falmouth.

THE ACCOMMODATION COMPRISES

(all dimensions being approximate)

THE COMMERCIAL GROUND FLOOR

(All dimensions being approximate). Direct access from 'The Square', a front entrance door with broad glazing and window display opens into the:-

FRONT SHOP

5.83m x 4.52m (19'1 x 14'9 )

Second measurement narrowing to 10'11 (3.34m). Providing a generous customer-facing area. Night storage heater, ceiling down-lights. An entrance way and inner hall passes three office rooms and leads to the:-

STAFF ROOM/KITCHEN

3.04m x 2.96m (9'11 x 9'8 )

uPVC double glazed window to the side elevation. Fitted kitchen area with worksurface space with cupboards under, inset stainless steel sink with hot water cylinder over. Night storage heater.

OFFICE ONE

2.67m x 2.82m (8'9 x 9'3 )

A spacious office with uPVC double glazed window to the side elevation. Night storage heater.

OFFICE TWO

2.10m x 1.98m (6'10 x 6'5 )

uPVC double glazed window to the side elevation.

OFFICE THREE/STORE ROOM

2.70m x 3.27m (8'10 x 10'8 )

Currently used as a store/filing room. A versatile area with fitted shelving and worksurface space.

REAR HALL

Rear door/fire escape and inner door from the staff room/kitchen, providing access to the main store room and:-

CLOAKROOM/WC

Low flush WC, wall mounted wash hand basin. Obscure glazed window. Half height tiled walls.

MAIN STORE ROOM

2.86m x 3.06m (9'4 x 10'0 )

Potential as a fourth office, currently used as a store room, with obscure glazed window to the rear elevation. Night storage heater.

THE FIRST FLOOR APARTMENT

To the rear of the building and accessed via the deep driveway to one side of the building, a private entrance with uPVC double glazed door opens into:-

ENTRANCE LOBBY

Featuring a turned staircase rising to the first floor hallway, with useful storage area above the entrance.

HALLWAY

Centrally positioned with doors to the living room, kitchen/breakfast room, three bedrooms, bathroom, separate WC and a walk-in storage room/cupboard. Night storage heater. Loft access hatch.

KITCHEN/BREAKFAST ROOM

2.46m x 4.08m (8'0 x 13'4 )

A bright and spacious kitchen with attractive mosaic-style worksurfaces with cupboards and drawers at base and eye level, one and a half bowl ceramic sink with mixer tap and drainer, space for electric hob/oven with stainless steel splashback. Broad uPVC double glazed window to the side elevation and space for a breakfast table and chairs. Night storage heater.

LIVING ROOM

2.96m x 5.18m (9'8 x 16'11 )

A particularly bright dual aspect living room with large uPVC double glazed windows to the side and front elevations. Broad night storage heater, TV aerial socket.

BEDROOM ONE

2.98m x 3.54m (9'9 x 11'7 )

Another dual aspect room with uPVC double glazing to the side and front elevations. A spacious and bright bedroom. Night storage heater.

BEDROOM TWO

2.48m x 4.13m (8'1 x 13'6 )

Another spacious double bedroom with measurements excluding fitted wardrobes and cupboards over. Broad uPVC double glazing to the side elevation, night storage heater.

BEDROOM THREE

2.46m x 3.09m (8'0 x 10'1 )

A generous third bedroom with uPVC double glazed window enjoying views across unspoilt rolling countryside towards Maen Valley.

BATHROOM

1.65m x 2.06m (5'4 x 6'9 )

A white suite with relatively modern P-shaped bath with curved shower screen and Mira Jump shower unit, wall mounted wash hand basin with contemporary mixer tap. Heated towel rail, obscure double glazed window to the rear elevation.

SEPARATE WC

Obscure double glazed window to the side elevation. Low flush WC.

THE EXTERIOR

PRIVATE DRIVEWAY

Located to the side of the property, a deep driveway leads to a parking area and provides vehicular access to the:-

DETACHED GARAGE

3.31m x 4.72m (10'10 x 15'5 )

Positioned adjacent to the apartment's entrance, a block-built garage with double timber doors providing vehicular access, under a natural slate pitched roof. Please note: the planning permission which grants the construction of the detached dwelling, involves demolition of this garage.

REAR GARDEN

15.0m x 17.0m (49'2 x 55'9 )

A surprisingly generous rear garden, relatively private and completely level, mainly laid to lawn with mature shrub and tree planted borders.

BUILDING PLOT

Planning permission was granted on 15 April 2019 for the construction of a detached two-bedroomed cottage at the rear of 'Goldmartin House'. Planning reference number: PA18/08511 - available to download from the Cornwall planning portal at planning.cornwall.gov.uk, together with proposed floor plans and perspectives. Full copies of these documents can also be obtained from our offices at 28 High Street, Falmouth.

GENERAL INFORMATION

SERVICES

Mains water, electricity and drainage are connected to the property. Night storage heating. The commercial shop, flat and garage are all separately metered for mains water, drainage and electricity.

COUNCIL TAX

The apartment: Band B - Cornwall Council.

Commercial unit: rateable value of £6,600.

TENURE

Freehold.

POSSESSION

The ground floor commercial unit is tenant on a nine year fully repairing and insuring lease, until 2021, with the current business occupants expressing strong interest to renew this agreement. The current shop rental return is £7,999 per annum with a rent review in 2020. The apartment is tenanted under an assured short-hold tenancy agreement, returning an annual rental yield of £8,340 with the option for vacant possession (subject to a two month notice period).

VIEWING

By telephone appointment with the vendors' Sole Agent - Laskowski & Company, 28 High Street, Falmouth, TR11 2AD. Telephone: 01326 318813.

Arrange viewing 01326 318813

Laskowski & Co - Falmouth

28 High Street, Falmouth, Cornwall, TR11 2AD

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