Corte Azime

A rare opportunity to acquire a mixed-use, freehold investment property set in the heart of Rock generating circa. £50,000 per annum. Currently comprising two successful retail units, two office units & five garages along with a recently updated 2-bedroom apartment with holiday or residential letting potential. Azime Court comes with planning permission to extend and improve the current scheme, providing the potential to increase ROI further.
• Two successful retail units and two separate office spaces with leases in place. Income schedules are available upon request.
• 2-bedroom first-floor apartment approx. 670 sq. feet
• Five rented garages to the rear of the property.
• Highly sought-after location situated on Rock Road with designated off-road parking.
• Central location within easy reach of the village amenities and just a short walk to Rock and Porthilly beaches.
The Current Property
Azime Court provides a diverse and exciting opportunity to secure a strategically located, mixed-use investment opportunity with lease income, along with planning permission to extend and improve. Azime Court is situated in the centre of Rock, in a prominent position set back off Rock Road, with a good level of parking to both the front and rear of the property. Azime Court provides an attractive investment proposition for investors and owner/occupiers alike in the highly desirable and popular Cornish coastal village of Rock.
Constructed in 1996, the property currently comprises of a detached two storey building with two retail units facing Rock Road – Rock Fish (approx. 329 sq. ft.) and Mooch Home (approx. 375 sq. ft.) at the front of the building with forecourt parking.
Two offices units towards the rear of the building through the arch, are occupied by The Coast Guard, (in all approx. 557 sq. ft.).
Access up to a first-floor residential apartment from the ground floor hallway, offering open plan living, kitchen and dining, two bedrooms and a bathroom. The apartment has a small rear balcony accessed off the landing. (In all approx. 951 sq. feet.) Council Tax Band B.
Additionally there is driveway parking and five single garages (approx 193 sq. ft. each) located at the rear of the property with driveway parking.
In all approx. 3,177 sq. feet (295.1 sq. metres)
Development Opportunity
Planning permission has been granted for the extension and refurbishment of the current two-bedroom apartment, creating a new three-bedroom apartment with a terrace of approx. 1022 sq. feet (95 sq. metres) and a two-bedroom apartment with a covered balcony approx. 753.47 sq. feet (70 sq. metres) – PA18/09933
Further planning has also been granted for the creation of a new commercial space or a two-bedroom apartment of approx. 670 sq feet (62.2 sq.m) above the existing garages. (PA21/03134) Agents Notes: The apartment carries a main residence restriction.
A lawful development certificate is in place for Azime Court, making this an exciting opportunity to create three centrally located apartments, with further income-generating potential, alongside the existing commercial units and garages.
Location
Rock is one of Britain’s best loved and most exclusive waterside resorts with activities for all ages. The spectacular North Cornish coast also has some of the best surf in Britain and Polzeath, just inside the entrance to the sandy Camel Estuary. Approximately 6-miles from Rock is the market town of Wadebridge offering a wide range of independent shops and more extensive facilities. For food lovers, there are a wealth of excellent restaurants and pubs nearby including The Dining Room, The St Enodoc Hotel and The Mariners Pub in Rock, Restaurant Nathan Outlaw in Port Isaac, Rick Stein’s Seafood Restaurant and Paul Ainsworth’s No. 6 in Padstow.