- 3 STOREY END TERRACE PERIOD PROPERTY
- 3 INDIVIDUAL 1 BED FLATS
- IDEAL INVESTMENT OPPORTUNITY
- CONVERTED IN LATE 1980'S
- IN NEED OF GENERAL REFURBISHMENT
- CAN BE SOLD AS GOING CONCERN
- HIGHLY SOUGHT AFTER CENTRAL LOCATION
- SEA VIEWS FROM MIDDLE & TOP FLAT
- PERFECT FOR RESIDENTIAL OR HOLIDAY LETTING
- MAINS SERVICES: ALL MAINS
SALE AGREED WITHIN 24 HOURS OF A FALL THROUGH TO OUR MAILING LIST, GREAT RESULT FOR OUR CLIENT. IF YOU'RE STRUGGLING TO SELL OR HAVE SUFFERED A FALL THROUGH, GIVE US A CALL WE CAN DEFINITELY HELP.
LOCATION: As far as central Newquay streets are concerned, Tower Road is one of the most desired and sought after. Sandwiched between the world famous Fistral Beach and Newquay town centre amenities, it offers convenience and beauty on your doorstep, which is perfect for families, investors and second home owners in equal measure.
SITUATION: What a great investment opportunity this is! A large 3 storey, period town house converted sometime in the late 1980's into 3 individual, 1 bedroom flats. Positioned on the highly sought after lower end of Tower Road, within walking distance to the town centre and all of its amenities and the world famous Fistral Beach. Just the perfect location to attract tenants and holiday makers, excellent potential to create a high yield turnover business. The property can be sold as a going concern with tenants in situ or vacant possession.
Please be advised that the property does require a degree of updating throughout, but offers great potential whatever the intended use.
Principally consisting of a shared front entrance for the 3 apartments.
The ground floor flat: From a small hall leads into the living room, semi open plan to a rear kitchen with back door. Fully tiled shower suite, and front facing bay window bedroom. A nicely proportioned 1 bedroom flat.
On the first floor there is a residents laundry room with full plumbing connected to allow all tenants washing facilities without needs for washing machines in the apartments. This also houses the gas fired boiler which provides a central heating system throughout the building.
The middle flat: There is an open plan bay fronted lounge/kitchen which enjoys sea views towards Fistral Beach in the distance. Off from the lounge/kitchen is a fully tiled shower suite and to the rear is a good size double bedroom. Again a very well proportioned one bedroom flat.
The Top Floor Flat: As it is built into the eaves, is slightly smaller, but is still a well proportioned studio style flat. As you enter in there is an open plan living/bedroom with bay window which enjoys the best of the sea views towards Fistral Beach. There is a small fully tiled shower suite and a good size rear kitchen that also enjoys rear views over the town and across Newquay Bay to the left hand side.
There is no allocated parking, but easy to access street parking is available nearby and permits can be bought for various local council owned car parks if required.
We understand that when the current owners bought the property in the late 1980's, it was trading as a HMO style property and was subsequently converted into 3 self contained flats shortly thereafter. We do not believe at this time, that the relevant planning permission was sought, however, owing to the passage of time enforcement action cannot be taken and all 3 apartments have been assessed by the council for council tax purposes with 3 individual 'A' rated bands. The Vendor is willing to provide indemnity insurance or similar to satisfy the legal requirements in relation to this point.
WHAT WE LOVE: We love the potential that this building offers. Whilst it does require a degree of updating it offers a solid investment, whether it be for residential or holiday letting and really is in the perfect trading location. This could be an amazing long term investment with great growth potential.