Investment for sale - Harbour Moon, The Quay, West Looe, Looe, PL13 2BU

<strong>Description</strong><br>The property comprises the ground, basement and first floor of a part two and part single storey detached building with painted and wood clad elevations beneath a pitched roof.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number CL93791).<br><br><strong>Tenancy</strong><br>The entire property is let to two private individuals on a 20 year lease from 10 February 2020 at a current rent of £81,140 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £10,954 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed but is situated within the Looe Conservation Area.<br><br><strong>VAT</strong><br>It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.<br><br><strong>EPC</strong><br>C-70<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £930,000 (8.3% NIY) assuming the usual purchasers costs.<br><br><strong>Fixtures and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.<br><br><strong>Similar Investment Opportunities</strong><br>If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: https://sites.savills.com/stonegateportfolio<br><br><strong>Viewings</strong><br>All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.<br /> <br /> For further information and all viewing requests please contact the sole selling agents Savills.<br><br>