Summary - High Street, Falmouth, Cornwall, TR11 TR11 2AD
30 bed 1 bath Commercial Property
**Standout Features:**
- Company share sale of a Student HMO portfolio consisting of 4 freehold properties
- Potential for 30 tenancies upon completion of vacant property renovations
- Central location in the expanding university town of Penryn, Cornwall
- Attractive initial yield of approximately 9.3% with rental uplifts pending
- Diverse local amenities within walking distance, enhancing tenant appeal
**Notable Concerns:**
- One property is currently vacant and requires renovation for conversion into apartments
- Broadband speeds are noted as very slow
This commercial property investment opportunity in the vibrant university town of Penryn, Cornwall, comprises a portfolio of four freehold residential and student accommodation properties with significant rental potential. Currently let to 21 tenants, the portfolio will expand to host up to 30 tenants post-renovation of the vacant property into three modern 2-3 bedroom apartments—two of which are already completed.
With a promising initial yield of around 9.3%, this investment is ideal for those seeking to capitalize on the area's growing demand for quality student housing. Located just steps away from a plethora of amenities—ranging from cafés and retailers to schools rated 'Good' by Ofsted—this property not only offers convenience for residents but also stability for investors.
While the portfolio does require some renovation, particularly for the vacant property, its central location and fast-growing demographic of students and professionals in Penryn present an exciting opportunity for future appreciation and rental growth. Secure your stake in this thriving community today before this unique opportunity slips away!
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