Summary - High Street, Falmouth, Cornwall, TR11 TR11 2AD
30 bed 1 bath House of Multiple Occupation
**Standout Features:**
- 30 bedrooms in a House of Multiple Occupation (HMO)
- Freehold sale comprising 4 residential/student properties
- Current occupancy at 21 tenants with expansion potential for up to 30
- Central location in Penryn, a growing university town
- Attractive 9.3% initial yield with pending rental uplifts
- Nearby amenities include shops, cafes, and access to public transport
This expansive 30-bedroom property presents a lucrative investment opportunity in the heart of Penryn, Cornwall. The portfolio, consisting of four freehold properties, currently accommodates 21 tenants, with the potential to yield up to 30 tenancies once the vacant property is converted into three modern 2-3 bedroom apartments. With a promising 9.3% initial yield and anticipated rental increases, this HMO is ideally positioned for investors seeking to capitalize on the growing student population in this vibrant town.
Nestled centrally, the property boasts close proximity to a myriad of amenities, making it an appealing option for students and young professionals alike. With walkable access to shops, cafes, and public transport, the location emphasizes convenience and community. However, prospective buyers should be mindful that some units require renovation, and existing properties may have maintenance needs typical for an HMO.
Seize this exclusive opportunity to invest in a thriving real estate market with significant rental potential—properties of this scale and promise won't last long!
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