Summary - Newquay, Cornwall, TR7 TR7 1DP
1 bed 2 bath Commercial Property
Freehold seaside income with residential service-charge streams.
Freehold mixed-use building in central Newquay
A freehold mixed-use building in central Newquay, producing a secure commercial income and additional residential ground rent and service charge receipts from six apartments. The property benefits from a seafront town-centre location popular with visitors and year-round local demand.
Income is stable but modest: two commercial leases produce a combined passing rent of £16,070 pa, with forthcoming lease expiries and rent reviews in 2027–2028 that present clear reversion and growth potential. The freehold ownership of six apartment reversionary interests provides a consistent ancillary income stream.
Buyers should note material local-market factors: the wider area is classified as very deprived and local crime levels are high, which may affect tenant demand and asset management costs. The leases have fixed terms expiring in 2027 and 2028, so active management will be needed to re-let or renegotiate when they end.
This is a straightforward, low-complexity investment for an investor seeking seaside exposure and mixed-income streams in Newquay, with potential upside at upcoming rent reviews and on lease renewal or re-letting.
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