Purpose-built rental close to Tremough Campus with two-unit development potential.
- Freehold, newly built 18-unit apartment block (approx. 11,000 sq ft)
- Planning permission granted to add two further residential units
- Purpose-built for strong student and rental demand near Tremough Campus
- Balconies and roof terraces; on-site parking and small communal garden
- Small plot restricts external amenity and further expansion
- Average local crime and deprivation; nearby schools mixed performance
- Excellent mobile signal and fast broadband throughout the building
- Price reflects scale: offers immediate rental income potential
A large, purpose-built freehold apartment block in the university town of Penryn, offering 18 newly completed 1- and 2-bed flats across approximately 11,000 sq ft (NIA). The building benefits from balconies and roof terraces, fast broadband, excellent mobile signal and planning permission to add two further units — appealing features for investors targeting student and professional lettings.
The property sits on a small plot with some communal garden space and on-site parking; external amenity is therefore limited. Overall condition is new build and ready for occupation, but the compact site means little scope for significant outside expansion beyond the approved planning for two units.
Occupancy demand is supported by nearby Tremough Campus and local rental market dynamics. The area shows average crime and deprivation statistics and mixed school performance nearby; these are unlikely to deter student or investor demand but matter for longer-term owner-occupier purchasers.
This freehold asset offers scale and immediate rental potential, with straightforward uplift from the two permitted units. Buyers should note the small plot size and the town-centre setting — advantages for letting, but limiting for larger amenity development or landscaping projects.
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