Lot 61: DUAL COMPONENT TOWN CENTRE INVESTMENT PROPERTY

Sold £104,000

A dual component freehold commercial investment property located on a short link between one of the town’s principle carparks and Burras Street, the main street through Liskeard town centre.

The property comprises Liskeard Cycles shop on the ground floor and a café known as The Koffiji Lounge on the first floor.

While having clear commercial investment credentials there is potential, subject to all the necessary consents being obtained, for whole or part residential conversion of the building at some point in the future.

Ground Floor

Liskeard Cycles has a retail area, workshop and cloakroom.

First Floor

The Koffiji Lounge is accessed by a door to the left of the cycle shop with stairs rising to the landing, two W.C.s, seating area and kitchen.

Outside

Small yard area to front.

Local Planning Authority

Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk

Tenancy

The ground floor is let to Liskeard Cycles on a new five year lease from February 2020 at £4,440 per annum. The first floor is let to The Koffiji Lounge on a ten year lease from 2nd December 2010, at a current rental of £4,080 per annum.

Auctioneer’s Note

For information relating to rateable value and other available data go to www.gov.uk/correct-business-rates and enter the postcode for the property into the appropriate search field.

Commercial EPC: C