Summary - Investment For Sale Morfa Hall, Cliff Road, Newquay TR7 1SG
1 bed 1 bath Commercial Property
**Key Features:**
- Prime location in Newquay's premier tourist resort
- Substantial freehold property with **10 retail units** and **13 residential apartments**
- **Current annual income** of **£178,970**
- Dedicated **on-site parking for approximately 25 vehicles**, plus **4 lock-up garages**
- Site area of **0.24 hectares** (0.6 acres)
- High visibility on a prominent corner between Cliff Road and Oakleigh Terrace
- Apartments include **1, 2, and 3-bedroom** options, with many recently refurbished
- Strong local demand for residential rentals in a constrained rental market
- Walkable access to a variety of amenities including shops, cafes, and health services
- Potential for **future renovations** or alterations to maximize investment returns
**Summary:**
Morfa Hall is a lucrative mixed-use investment opportunity located in the heart of Newquay, a bustling coastal town renowned for its stunning ocean views and tourist appeal. This substantial freehold property features 10 fully let retail units alongside 13 residential apartments, offering a flexible income stream that currently generates £178,970 annually.
Set on a generous 0.24-hectare corner plot with ample dedicated parking for 25 vehicles, this property benefits from its prime location, ensuring high visibility and foot traffic. While some areas may require ongoing maintenance to uphold the property's charm, a number of the apartments have recently undergone refurbishment, ready for profitable rentals or long-term tenants.
For investors looking to tap into Newquay's vibrant rental market, Morfa Hall presents an excellent opportunity with immediate returns and future potential for enhancements. With growing demand for housing in the area, now is an ideal time to secure this multifaceted asset and capitalize on Cornwall’s thriving coast. Don't miss this unique offering!
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