Our Summary

• Investment Opportunity – Block of 8 Tenanted Units with Planning Approved for High End Development
• An exceptional opportunity for investors and developers—this substantial freehold property is currently configured as 8 self-contained units (5x one-bedroom flats, 3x studios), fully tenanted and projected annual income of over £61,500, for the coming year with low annual outgoings
• 2 sqm)Planning Permission Approved – High-End 6 Apartment Scheme
• Full planning permission has recently been granted to transform the property into six high-spec apartments (1x 1-bed and 5x 2-bed), increasing the net lettable area to 464 sq/m—an 80% uplift offering excellent capital growth potential
• Contact us now to secure this rare dual-income and development opportunity
• About the areaNewquay, located on Cornwall’s stunning north coast, is a thriving seaside town that offers strong potential for property investors
• Material informationCouncil tax band: A for each flatProperty type: Period property configured as 8 flatsProperty construction: Standard formElectricity supply: Mains electricity No gasSolar Panels: NoOther electricity sources: NoWater supply: Mains water supplySewerage: MainsHeating: Electric Broadband: Ultra fast available at this addressMobile: Good signal Parking: some off-street parking not designatedBuilding safety issues: NoRestrictions - Listed Building: NoRestrictions - Conservation Area: NoRestrictions - Tree Preservation Orders: NonePublic right of way: NoLong-term area flood risk: Very lowPlanning permission issues: No - recent planning approved for development of six luxury flatsAccessibility and adaptations: NoneCoal mining area: NoNon-coal mining area: YesSeller advised that property is mundic freeEnergy Performance rating: EPC's for each flat between D and E All attachedAll information is provided without warranty
• Freehold block of 8 income generating flats with planning for luxury development
• Net Lettable Area Uplift: 257