Summary - 8d, High Cross Street, ST. AUSTELL PL25 4AB
1 bed 1 bath Commercial Property
Income-producing block with strong town-centre footfall and immediate returns.
Freehold mixed-use building with two ground-floor retail shops
A compact three-storey freehold on the edge of St Austell town centre, this mixed-use block offers immediate rental income from two ground-floor retail units and three flats above. The property is trading with a gross annual income of about £35,106 and an asking price of £275,000, producing an indicative gross yield approaching 13% — a clear income-led opportunity for investors seeking town-centre exposure.
The two retail units face the high street and are currently let or trading with businesses unaffected by the sale; one shop has a three‑year lease from September 2024. Upper floors comprise two one-bedroom flats and one two-bedroom flat under ASTs or periodic tenancies, giving a straightforward landlord income profile. The building footprint is narrow with direct street frontage and no private garden, suiting an investor focused on rental return rather than amenity space.
Buyers should note material considerations: the area is classified as very deprived with high local crime levels, and some residential units carry lower EPC ratings (E), which could affect future re-letting or regulatory compliance costs. The plot is small and maintenance or refurbishment work may be required to improve EPCs or modernise interiors to maximise rental value. Transport and town-centre amenities are strong — close to the railway station, main shopping streets and recent White River Place development — supporting steady footfall for the retail units.
Overall this is a practical, income-producing freehold for a hands-on investor or portfolio buyer comfortable operating in a transitional urban market. The numbers offer attractive headline yield but balance against possible upgrade costs, local socio-economic challenges and the town-centre, no-garden nature of the property.
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