Summary - Jackpot Amusements,40 Cliff Road,NEWQUAY,TR7 2ND TR7 2ND
3 bed 1 bath Commercial Property
**Standout Features:**
- Freehold investment property with excellent rental income of £58,500 per annum (6.5% yield)
- Located in the bustling town center of Newquay, Cornwall
- Two commercial lets: an amusement arcade and a snooker/social club
- One residential let (penthouse apartment with 3 double bedrooms)
- Potential for future renovations or re-purposing
- Prime location near popular beaches and walkable amenities
**Potential Downsides:**
- Property shows signs of wear and tear and past damp issues
- Subject to local crime rates, which may concern some investors
Discover a unique investment opportunity in the vibrant heart of Newquay with this substantial freehold property generating a robust rental income of £58,500 per year. This well-maintained building features two commercial lettings— a bustling amusement arcade and a popular snooker/social club—complemented by a spacious residential penthouse apartment that includes three double bedrooms and stunning patio views.
Nestled on a busy shopping parade, this property benefits from fantastic foot traffic, making it an ideal investment for landlords wanting to capitalize on Newquay's tourist appeal. While the property does exhibit typical signs of age and requires some maintenance consideration, it offers substantial potential for enhancement and growth. Don't miss the chance to secure this prime asset in one of Cornwall’s most desirable coastal towns—early viewing is advised!
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