5 bedroom barn conversion for sale

£775,000 Guide Price

5

Bedrooms

Floorplan

PROPERTY DESCRIPTION RETIREMENT SALE. Charming Village Shop with five bedroom accommodation and separate one bedroom holiday let. Nestled in the picturesque and sought-after village of Veryan, this unique property offers a fantastic home and business opportunity for someone looking to join a thriving community. Ideally situated in the heart of the Roseland Peninsula, an area of Outstanding Natural Beauty, this well-established retail space serves both the local community and local holiday makers visitors, providing a steady income stream. Above the shop there is a generous five bedroom apartment that offers comfortable living accommodation, complete with a bright open plan kitchen/living room, two bathrooms and views across the village to the fields beyond. At the rear of the property is a self contained one bedroom chalet which is currently operated as a successful holiday let providing additional income. Whether youre looking for a lifestyle change or an investment opportunity, this property is a rare find.

The local shop in Veryan really feels like the heart of this vibrant village which also has a good social scene, from the local tennis court, bowls club, amateur dramatic society, weekly market, the cricket club, social club and the friendly local pub.

Within a few minutes drive of the idyllic Carne and Pendower beaches, this location provides the best of coastal and countryside living, with beautiful walks, traditional Cornish charm, and a strong sense of community. The Roseland Peninsula itself offers a true Cornish unspoiled landscape, with woodlands, beaches and cliff top walks, while being close to the City of Truro with its cobbled streets and boutique shops.

This is a rare chance to acquire a business and home in one in one of Cornwalls most desirable locations. Contact us today to arrange a viewing!



MAIN SHOP FLOOR The main shop floor current offers approx. 750sq feet of retail space although there is plenty of opportunity to increase this should it be required. Popular with the local village residents and holiday visitors to the area, the shop offers an extensive range of retail items from fresh fruit and vegetables, local bread, frozen items, larder favourites as well as a full Post Office service and the ever popular traditional Cornish pasty.

STORE ROOMS / KITCHEN Located adjacent to the shop floor there are a number of store rooms, a small kitchen and WC and the old post office counter (now relocated to the front of the shop) and safe. Plenty of room for stock and some unused space that could be re-imagined by the new owner for increased retail space.

WC At the rear of the shop is a ground floor WC with wash hand basin.

REAR ENTRANCE HALL Accessible via the shop itself or via its own private entrance to the rear, the rear entrance hall is a typical boot room ideal and has a further internal door leading to the living accommodation.

INTERNAL HALLWAY The hallway has a large utility cupboard which provides ample storage as well as space and plumbing for a washing machine. Doors to all ground floor rooms. Stairs rise to the first floor.

GROUND FLOOR BEDROOM 4 8 3" x 12 0" (2.51m x 3.66m) The ground floor bedroom is a generous double room and makes a great guest room with its own WC next door and a view to the rear of the property.

GROUND FLOOR WC WC with wash hand basin

LANDING Stairs rise from the ground floor. Doors to all principle first floor rooms. Large airing cupboard for storage.

KITCHEN / LIVING ROOM 24 3" x 13 11" (7.39m x 4.24m) A spacious and light open plan space. Historically the building was a grain store and so this room enjoys all the charm and features associated, with high ceilings, open space and plenty of natural daylight from the two large front windows and further window to the side. To one side there is a modern fitted kitchen with wooden worktops, sink with drainer, electric oven and hob, plus an integrated dishwasher. Ample space for a dining table and living space to sit and enjoy the views across the village to the fields beyond.

BEDROOM 1 11 7" x 12 2" (3.53m x 3.71m) Located at the rear of the property and enjoying the views across the gardens, the main bedroom is a large double room. Storage cupboard. Door leading to en suite.

ENSUITE Modern and well presented with an enclosed shower cubicle to one end and a WC and wash hand basin at the other end. Opaque window to side aspect.

WARDROBE A must have for many, the walk in wardrobe is large enough to store all you need leaving the main bedroom free. Window to rear aspect.

BEDROOM 2 11 5" x 11 6" (3.48m x 3.51m) This large double room is well proportioned and makes an ideal bedroom with light and bright window to side aspect.

BEDROOM 3 27 7" x 7 7" (8.41m x 2.31m) Currently used as a bedroom and home office, this large room is semi divided currently and would be great as a childs bedroom with playroom or to be used as a hobby room / office as it is now as guest accommodation.

BEDROOM 5 7 3" x 9 6" (2.21m x 2.9m) Single bedroom with storage and a large window to side aspect

BATHROOM Modern and well presented with a white three piece suite comprising WC, wash hand basin and bath with shower over. Opaque window to side aspect

HOLIDAY LET ACCOMODATION "An Bowgy" (little shack ) is a compact one bedroom modern chalet style separate dwelling with an open plan kitchen / living room, bathroom and private patio/seating area. A proven successful holiday let with ongoing income. More information is available at:

airbnb.co.uk

GARAGE 23 10" x 15 11" (7.26m x 4.85m) Double garage with up and over door. The garage as power and light. There is additionally 2 x further store rooms to the rear of the garage, once accessible externally from the rear of the garage.

PARKING To the rear of the property there is ample parking for at least three vehicles.

GARDEN The property itself has a small garden bordered by a stream as well as the patio garden next to the holiday let. Currently, the owners rent the neighboring garden from the church and it has the past been used as a market garden for the shop. (Agent note, there is no guarantee that the chuch would continue this agreement long term)

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 642075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 19375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 60825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
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  • Letting Fee
    £
  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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