Lot 21 Car Park at Discovery Quay, Cambeltown Way, Falmouth, TR11 3XA

Bidding Closed

SOLD FOR

£253,000

Property Enquiries

Simon Bailey

simon.bailey@bidx1.com
07732681156

Viewing/Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Owen Ormond

owen.ormond@walkermorris.co.uk
+44 (0)113 283 2500
Description
Map
Viewings

Addendum
An additional four spaces are subject to license agreements meaning that the total number of spaces subject to 999 year licenses, so far as the Administrators are aware, totals 22 and not 18 as originally stated. Copies of these additional license agreements are included within the legal pack.
Property Summary
  • Freehold car park investment
  • Central location next to the Marina
  • Approximately 0.09 hectares (0.24 acres)
  • Future development potential (subject to planning)
  • Potential income c.£16,000 per annum
  • On the instructions of the Joint Administrators
Tenure

Freehold

Location

Falmouth is a popular holiday destination and port town lying on the south coast of Cornwall lying about 11 miles south of Truro and 25 miles east of Penzance. It can be accessed via the A39 and B3292, which via the A393 provide access to the A30 to the north. The town is served by three railway stations and Cornwall Airport at Newquay lies about 29 miles to the north.

Cambeltown Way runs east from Avenue Road to the south of the tone centre. The car park lies on the south side of the road next to the Discovery Quay development, where occupiers include Rick Stein's Fish, Tesco Express, Pizza Express and National Maritime Museum.

Description

A roughly square site 0.09 hectares (0.24 acres) currently operating as a pay and display car park. The car park is arranged as 39 parking spaces, with 18 of the spaces being subject to 999 year leases to residents within Maritime House, the neighbouring residential block (highlighted blue on the site plan).

Tenancy

The car park is currently managed by Llawnroc Parking Services Ltd on a license and who retain 30% of the pay and display takings as a management fee. Typically the car park generates a gross income in the region of £16,000 per annum.

Planning

The site may offer future development potential, subject to obtaining the necessary consents, Prospective purchasers are advised to make their own enquiries of the local planning authority. Cornwall Council (0300 1234 151) www.cornwall.gov.uk.

VAT
Please refer to Legal Documents
Property Table
AddressAcresHectares
   
Car Park at Discovery Quay0.240.09
EPC

EPC not required


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