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8 & 10 Molesworth Street 2 Retail Properties Offered at $560,568 in Wadebridge

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INVESTMENT HIGHLIGHTS

  • Highly visible corner position within town centre
  • Let to established tenants
  • Ground floor commercial element with residential above

EXECUTIVE SUMMARY

The property comprises a retail shop and restaurant takeaway, both let on commercial leases, plus eight long leasehold flats, sold off a 999 year leases, subject to ground rents. 8 Molesworth Street comprises a ground floor retail shop with a retail display window, a ground floor sales area plus rear staff area and stores with a separately accessed first floor store. 10 Molesworth Street comprises a restaurant takeaway, operating and trading as a fish and chip shop, with an excellent reputation offering a seating area, takeaway counter, prep and store areas. Both ground floor commercial units are let on commercial leases details of which are described below. The upper floors comprise eight individual flats, each sold off on 999-year leases with ground rents.

PROPERTY FACTS

Price $560,568
Price / SF $195.73 / SF
Cap Rate 10.69%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 2,864 SF
Total Land Area 0.13 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
10 Molesworth St, Wadebridge PL27 7DA Retail 1,625 SF 1980 -
8 Molesworth St, Wadebridge PL27 7DA Retail 1,239 SF 1980 -
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  • Listing ID: 32875488

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 8 & 10 Molesworth Street, Wadebridge, CON

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