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5 bedroom terraced house for sale
Mount Wise, Newquay TR7
£550,000
Mount Wise, Newquay TR7
£550,000
Our Summary
- A superb investment opportunity in the heart of Newquay
- This substantial property comprises five self-contained flats, three spacious one-bedroom units and two smaller studios, plus a generous rear storage space with potential for development into a sixth flat, subject to planning approval
- Outstanding investment opportunity
Description
This property is a fantastic investment opportunity in the heart of Newquay, comprising five self-contained flats, including three one-bedroom units and two studios, as well as a generous rear storage space with potential for development into a sixth flat, subject to planning approval. The property is located just a short walk from the town centre and close to South Fistral, offering easy access to local shops, cafes, nightlife, and beaches. Currently fully managed and let as emergency accommodation, the property generates a strong turnover of approximately £114,000 per annum, after management fees, making it an attractive ready-made investment. Each flat has its own unique features, including en-suite shower rooms, kitchen and living areas, and some even offer distant sea views. With its prime location and strong rental income, this property is an excellent opportunity for investors or developers looking to capitalize on Newquay's thriving tourism industry.