Summary - 15 EAST STREET NEWQUAY TR7 1DN
12 bed 1 bath Block of Apartments
**Standout Features:**
- Freehold investment opportunity in Newquay with excellent town center location
- 12 fully occupied flats producing a rental income of £83,700 per annum (9% yield)
- 4 retail units with long-term leases
- Close proximity to popular beaches and amenities
- Historic early 20th-century architecture
**Potential Concerns:**
- 40 years remaining on leases could affect mortgage availability
- High crime rate in the area
- Property condition requires ongoing maintenance
Discover a premier investment opportunity in the heart of Newquay, Cornwall, just steps away from stunning sandy beaches and vibrant local amenities. This freehold block of 12 flats and 4 retail units generates an impressive rental income of £83,700 per year, offering a robust 9% yield. The property has been lovingly maintained over the past two decades and boasts a charming blend of Victorian and Edwardian architecture that enhances its appeal.
However, potential buyers should be aware of the short remaining lease term on the retail units, which may complicate financing options with mortgage lenders. Additionally, the area has a high crime rate, which could influence long-term investment strategies. Overall, this property presents a unique chance to tap into the lucrative holiday rental market in a sought-after seaside destination. Early viewing is highly recommended as opportunities like this are rare and do not stay on the market for long.
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